Business
Investec Ltd Preference Share Repurchase
Investec Limited has announced the commencement of a repurchase program for its non-redeemable, non-cumulative, non-participating preference shares, which will begin on December 11, 2025. The company is authorized to repurchase up to a maximum of 20% of the issued preference shares, with repurchases executed through the JSE order book and subject to pre-determined price limits. Any repurchased shares will be cancelled and revert to authorized but unissued share capital. Investec Limited will issue a further announcement once repurchases cumulatively reach 3% of the issued preference shares or when the program closes. 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\nISIN: ZAE000063814\nLEI: 213800CU7SM6O4UWOZ70\n \n\n\nInvestec plc\nIncorporated in England and Wales\nRegistration number 03633621\nLSE share code: INVP\nJSE share code: INP\nISIN: GB00B17BBQ50\nLEI: 2138007Z3U5GWDN3MY22\n\n\n\n\n \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 the Listing Rules of the Financial Conduct Authority (the \"FCA\") and/or the JSE Listings Requirements.\n \nINVESTEC LIMITED non-redeemable, non-cumulative, non-participating preference shares REPURCHASE\n \nInvestec Limited (the \"Company\") hereby announces the commencement of a repurchase of some of the non-redeemable, non-cumulative, non-participating preference shares (\"Preference Shares\"), in compliance with paragraph 5.72 of the JSE Listings Requirements. The Company may, in accordance with a resolution passed by the Company's board on 19 November 2025, repurchase up to a maximum of 20% of the Preference Shares in issue as at the date of and pursuant to the current general authority granted by the Company's shareholders on 7 August 2025. The Company has notified the Prudential Authority in writing of the repurchase of the Preference Shares. No Preference Shares will be repurchased from directors of the Company.\n \nThe repurchases will commence on 11 December 2025 at the opening of the market and the Company will issue a further announcement once the repurchases, on a cumulative basis, constitute 3% of the Preference Shares in issue or the repurchases have closed. Repurchases will be executed through the order book operated by the JSE by the Company's authorised intermediary without any prior understanding or arrangement between the Company and/or its subsidiaries and the counterparties. Repurchases will be effected within certain pre-determined price limits with specific reference to the limits of the general authority granted by the Company's shareholders and in compl...