Business
Result of Tender Offer
Investec plc has announced the results of its tender offer for its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032. The company accepted valid tenders totaling £294,220,000, representing a purchase price of 98.85 per cent. of the principal amount, with a scaling factor of 99.90 per cent. applied. Following this offer, £55,780,000 of these notes will remain outstanding. Settlement for the accepted tenders is expected on February 2, 2026, subject to the satisfaction of a new financing condition. Disclaimer*
About this update from Investec Plc
[{"type":"text","content":"\n\n\n\n\n\nInvestec Limited Incorporated 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 Incorporated in England and Wales\nRegistration number 3633621\nLSE share code: INVP\nJSE share code: INP\nISIN: GB00B17BBQ50\nLEI: 2138007Z3U5GWDN3MY22\n\n\n\n\n \nNOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE \"OFFER AND DISTRIBUTION RESTRICTIONS\" IN THE TENDER OFFER MEMORANDUM (AS DEFINED BELOW))\n \nRESULTS ANNOUNCEMENT IN RELATION TO TENDER OFFER\nInvestec plc announces results of its Tender Offer for its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032\n30 January 2026. Investec plc (the \"Company\") announces herein the results of its invitation to holders of its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032 (ISIN: XS2393629311) (the \"Notes\") to tender such Notes for purchase by the Company for cash (the \"Offer\").\nThe Offer was made on the terms and subject to the conditions contained in a tender offer memorandum dated 22 January 2026 (the \"Tender Offer Memorandum\") prepared by the Company, and was subject to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.\nThe Expiration Deadline for the Offer has now passed. No further Notes can be tendered for purchase by the Company pursuant to the Offer.\nResults of the Offer\nThe Expiration Deadline for the Offer was 4.00 p.m. (London time) on 29 January 2026. As at the Expiration Deadline, £305,520,000 in aggregate principal amount of the Notes have been validly tendered for purchase pursuant to the Offer.\nThe Company announces that, conditional upon satisfaction or waiver of the New Fi...