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INVESTEC LIMITED - Preference share partial redemption announcement

Release Date: 17/10/2018 12:27
Code(s): ILRP2 INL INP     PDF:  
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Preference share partial redemption announcement

Investec Limited                                           Investec plc
Incorporated in the Republic of South Africa               Incorporated in England and Wales
Registration number 1925/002833/06                         Registration number 3633621
JSE share code: ILRP2                                      LSE share code: INVP
ISIN: ZAE000202990                                         JSE share code: INP
JSE ordinary share code: INL                               ISIN: GB00B17BBQ50
NSX ordinary share code: IVD
BSE ordinary share code: INVESTEC
ISIN: ZAE000081949

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London
Stock Exchange and the JSE Limited of matters which are required to be disclosed under the
Disclosure Guidance, Transparency Rules and Listing Rules of the United Kingdom Listing Authority
(the “UKLA”) and/or the JSE Listing Requirements.


INVESTEC LIMITED

Preference share partial redemption announcement

Class ILRP2 redeemable, cumulative, non-participating preference shares
(“Preference Shares”)

Partial redemption of Preference Shares
Notice is hereby given that 21 293 Preference Shares will be redeemed on
22 October 2018 pursuant to a bespoke offer that was made by Investec Limited to a
specific preference shareholder, which offer was accepted by such shareholder, in
accordance with clause 46 of the Applicable Pricing Supplement of the Preference
Shares.

The early redemption will take place at an amount of 100 321.15962 cents per Preference
Share being a return of capital of 100 000 cents per Preference Share plus accrued
dividends in respect of the period from and including 01 October 2018 up to, but excluding,
22 October 2018, which amounts to 321.15962 cents per Preference Share.

Salient features of the redemption of the 21 293 Preference Shares are listed below:

Issuer                                                    Investec Limited
Instrument                                                Redeemable cumulative non-
                                                          participating preference shares
Early Redemption date                                     22 October 2018
Number of shares redeemed                                 21 293
Number of shares outstanding                              191 642
post this early redemption
JSE Share Code                                            ILRP2
ISIN                                                      ZAE000202990


Additional information to take note of:
-   The Investec Limited company tax reference number: 9800/181/71/2
-   The dividend paid by Investec Limited is subject to South African Dividend Tax (Dividend
    Tax) of 20% (subject to any available exemptions or reductions in terms of Double Tax
    Agreements as legislated) equal to 64.23192 cents per share
-   The net dividend amounts to 256.92770 cents per preference share for shareholders liable
    to pay the Dividend Tax and 321.15962 cents per preference share for preference
    shareholders exempt from paying the Dividend Tax.

By order of the board


N van Wyk

Company Secretary
Investec Limited

17 October 2018
Johannesburg

Sponsor:
Investec Bank Limited

Date: 17/10/2018 12:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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