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 Listing Rules of the United Kingdom Financial
Conduct Authority and/or the JSE Listing Requirements.
INVESTEC
PLC
£250,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Write
Down Capital Securities (ISIN: XS1692045864) (the "Securities"), of
which £108,108,000 in aggregate principal amount is currently
outstanding
5 November
2024
Announcement
of early redemption
Investec plc (the "Issuer") today gave notice to the
holders of the outstanding Securities that, pursuant to Condition
7(c) of the terms and conditions of the Securities (the
"Conditions") set out in
Schedule 2 to the trust deed dated 5 October 2017 (the
"Trust Deed") between the
Issuer and Deutsche Trustee Company Limited (the "Trustee"), the Issuer has exercised its
option to redeem all of the outstanding Securities on the First
Reset Date of 5 December 2024 (the "Redemption Date") at their principal
amount together with accrued and unpaid interest thereon to (but
excluding) the Redemption Date.
Payment in respect of the Securities will be
made through Euroclear Bank SA/NV and Clearstream Banking, S.A., in
accordance with their standard procedures.
Pursuant to Condition 7(b)(i) and (ii), if the
Solvency Condition is not satisfied on the Redemption Date, or
prior to the Redemption Date a Trigger Event Notice is given, the
redemption notice shall automatically be rescinded and shall be of
no force and effect.
Unless otherwise defined herein, defined terms
used have the meanings given to them in the Trust Deed and/or the
Conditions.
The listing of the Securities on the Official
List of the Financial Conduct Authority and the admission of the
Securities to trading on the Main Market of the London Stock
Exchange plc will be cancelled on, or shortly after, the Redemption
Date.
FURTHER INFORMATION
For further information, please
contact:
Derek Lloyd
E-mail:
Derek.Lloyd@investec.com
Telephone: +442075974000