Business
Investec Ltd intention to re/purchase shares
Investec Limited announced its intention to commence a share purchase and buy-back programme, up to R2.5 billion (approximately £100 million), to purchase Investec plc ordinary shares and repurchase Investec Limited ordinary shares. The programme, starting August 20, 2025, and lasting until March 31, 2026, will be executed by Investec Markets (Proprietary) Limited, acting as principal. Repurchased Investec Limited shares will be cancelled, while purchased Investec plc shares will be treated as treasury shares, with voting and dividend rights waived unless otherwise stated. The programme excludes transactions with US-based entities or persons. Disclaimer*
About this update from Investec Plc
[{"type":"text","content":"\n\n\n\n\n\nInvestec Limited\nIncorporated in the Republic of South Africa\nRegistration number 1925/002833/06\nJSE share code: INL\nJSE hybrid code: INPR\nJSE debt code: INLV\nNSX share code: IVD\nBSE share code: INVESTEC\nISIN: ZAE000081949\nLEI: 213800CU7SM6O4UWOZ70\n\n\nInvestec plc\nIncorporated in England and Wales\nRegistration number 3633621\nLSE share code: INVP\nJSE share code: INP\nISIN: GB00B17BBQ50\nLEI: 2138007Z3U5GWDN3MY22\n\n\n\n\n \nInvestec Limited intention to purchase Investec plc ordinary shares and to repurchase Investec Limited ordinary shares\nAs part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited (the \"JSE\") of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules, and Listing Rules of the Financial Conduct Authority (the \"FCA\") and/or the JSE Listings Requirements.\n \nShareholders are referred to the 31 March 2025 year end results announcement released on 22 May 2025, wherein shareholders were advised that Investec Limited intends to execute a share purchase and share buy-back programme of up to R2.5billion (c.£100million), pursuant to which Investec Limited would purchase Investec plc ordinary shares and would repurchase Investec Limited ordinary shares (collectively, \"the Programme\").\n \nInvestec is commencing the Programme and anticipates that this programme will be executed until 31 March 2026, subject to market conditions.\n \nInvestec Limited has entered into a mandate with Investec Markets (Proprietary) Limited (the \"Broker\") to conduct an on-market purchase of Investec plc ordinary shares and the repurchase of Investec Limited ordinary shares (\"the Shares\") (\"the Mandate\"). The Broker will act as principal and will purchase the Shares, on the Johannesburg Stock Exchange, the London Stock Exchange or other trading venues in the United Kingdom and South Africa on which the Shares are listed. The Shares will then be sold on by the Broker to Investec Limited.\n \nThe Broker shall not purchase shares or securities relating to the Shares on trading venues based in the United States of America or knowingly from any persons located in the United States of America, nor shall it knowingly undertake any other transactions or trading activity in ...