Business
Investec Ltd Preference Share Repurchase Programme
Investec Ltd Preference Share Repurchase Programme.
About this update from Investec Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Investec Limited\n \n Incorporated in the Republic of South Africa\n Registration number 1925/002833/06\n \n JSE share code: INL\n \n JSE share code: INPR\n \n JSE debt code: INLV\n \n \n NSX share code: IVD\n \n \n BSE share code: INVESTEC\n \n ISIN: ZAE000081949\n ISIN: ZAE000063814\n \n LEI:213800CU7SM6O4UWOZ70\n \n \n \n \n Investec plc\n \n Incorporated in England and Wales\n Registration number 03633621\n LSE share code: INVP\n JSE share code: INP\n ISIN: GB00B17BBQ50\n LEI:2138007Z3U5GWDN3MY22\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n As part of the dual listed company structure, the boards of Investec plc and Investec Limited (together the \"Board\") notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the \"UKLA\") and/or the JSE Listings Requirements.\n \n \n \n Accordingly, we advise of the following:\n \n \n \n INVESTEC LIMITED NON-REDEEMABLE, NON-CUMULATIVE, NON-PARTICIPATING PREFERENCE SHARES (\"PREFERENCE SHARES\") GENERAL BUY-BACK PROGRAMME\n \n \n \n During Investec Limited (the \"Company\")'s annual general meeting held on 4 August 2022 (\"the AGM\"), shareholders were advised that the board of the Company may resolve to repurchase preference shares if this action is considered desirable and in the best interests of shareholders.\n \n \n \n Shareholders were further advised that any repurchases under the general authority proposed to be granted by shareholders, would be within certain pre-determined price limits with specific reference to the limits of the authority granted by the Company's shareholders as well as the JSE's Listings Requirements. At the AGM, shareholders granted a general authority to the board of the Company to repurchase up to 20% of the issued preference share capital of Company (\"the current general authority\").\n \n Shareholders are herewith advised that the Company has, pursuant to a share buy-back programme (\"the Programme\") announced by the Company on 29 November 2022, repurchased 1,307,149 preference shares, representing 5% of the issued preference share capital as at the date of the current general authority to repurchase the preference shares. ...