Business
Tender Offer
Investec plc has launched a tender offer to purchase its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032 for cash at a price of 98.85 per cent. of the principal amount, plus accrued interest. This offer is part of the Group's strategy to proactively manage its debt profile and capital base, with any acquired notes to be cancelled. The tender offer is conditional upon the successful issuance of new subordinated notes and is subject to various offer and distribution restrictions, with an expiration deadline of January 29, 2026. Disclaimer*
About this update from Investec Plc
[{"type":"text","content":"\n\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 \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\" BELOW)\n \nLAUNCH OF TENDER OFFER\nInvestec plc announces Tender Offer for its £350,000,000 2.625 per cent. Callable Fixed Rate Resettable Subordinated Notes due 2032\n22 January 2026. Investec plc (the \"Company\") announces today an 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 is being 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 is subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.\nFor detailed terms of the Offer, please refer to the Tender Offer Memorandum, copies of which are (subject to distribution restrictions) available from the Tender Agent as set out below. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.\nRationale for the Offer\nThe Offer and the proposed issue of the New Notes are part of the Group's proactive management and optimisation of its debt profile and capital base. Any Notes acquired by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold.\nSummary of the Offer\nA summary of certain of the terms o...