Investec PLC Remuneration Incentive Targets (9436T)
24 July 2020 - 6:00PM
UK Regulatory
TIDMINVP
RNS Number : 9436T
Investec PLC
24 July 2020
Investec Limited Investec plc
Incorporated in the Republic of Incorporated in England and
South Africa Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL LSE share code: INVP
NSX share code: IVD JSE share code: INP
BSE share code: INVESTEC ISIN: GB00B17BBQ50
ISIN: ZAE000081949
(jointly "Investec")
As part of the dual listed company structure, Investec plc and
Investec Limited 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 the Listing Rules of
the United Kingdom Listing Authority (the "UKLA") and/or the JSE
Listings Requirements.
Accordingly we advise of the following:
2021 remuneration incentive targets
Investec is committed to continuing to set stretching but
attainable targets, particularly in the current economic
environment. In the group's 2020 integrated annual report it was
noted that the group intended publishing the performance targets
for the Long-Term Incentive granted in June 2020 and the 2021
Short-Term Incentive ahead of the group's 2020 AGM. However, given
the prevailing market uncertainty regarding both the short- and
long-term impact of COVID-19, the group believes it is appropriate
to delay the disclosure of these remuneration incentive targets
until later in 2020, when there is more clarity on the business
impact of COVID-19.
Investec intends to disclose the targets for these short-term
and long-term incentives at the time of its interim results
announcement for the six months ending 30 September 2020 which is
due to be released on 19 November 2020. This proposed timing
complies with the guidance from the Investment Association. The
group has consulted with shareholders on this matter.
Enquiries:
Carly Newton
Investor Relations
UK: +44 (0) 207 597 5546 / +44 (0) 207 597 4493
South Africa: +27 (0) 11 286 7070
investorrelations@investec.com
Johannesburg and London
Date: 24 July 2020
Sponsor: Investec Bank Limited
About Investec
Investec partners with private, institutional and corporate
clients, offering international banking, investments and wealth
management services in two principal markets, South Africa and the
UK, as well as certain other countries. The Group was established
in 1974 and currently has approximately 8,700 employees.
In 2002, Investec implemented a dual listed company structure
with listings on the London and Johannesburg Stock Exchanges. In
March 2020, the Group successfully completed the demerger of Ninety
One (formerly known as Investec Asset Management), which became
separately listed on 16 March 2020. Investec's current market
capitalisation is approximately GBP1.7 billion.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKKNBBABKDQOB
(END) Dow Jones Newswires
July 24, 2020 04:00 ET (08:00 GMT)
Investec (LSE:INVP)
Historical Stock Chart
From Apr 2024 to May 2024
Investec (LSE:INVP)
Historical Stock Chart
From May 2023 to May 2024