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Investec begins tender offers for sterling and rand preference shares
By Susanna Moon
Chicago, June 20 – Investec plc said it began tender offers for its 15,081,149 sterling preference shares and its 2,275,940 South African rand preference shares.
The purchase price will be £5.7509589 for the sterling preference shares, or £5.70 principal amount per share plus 5.09589p for accrued dividends from April 1 up to the expected settlement date, according to a company notice.
For the rand preference shares, the purchase price will be ZAR 103.3887671, or ZAR 100 par amount plus ZAR 0.33887671 for accrued dividends to the expected settlement date of Aug. 3.
The tender offers will end at 6 a.m. ET on July 26.
The offers are contingent on approval of the purchase resolution to be proposed at the shareholder meetings to be held on July 20, the company noted.
J.P. Morgan Securities plc (+44 207 134 2468, emea_lm@jpmorgan.com) is the dealer manager for the sterling offer, and Investec Bank Ltd. (+27 11 286 7326, robert.smith@investec.co.za) is the dealer manager for the rand offer.
Requests for information should be directed to receiving agent Computershare Investor Services plc (web.queries@computershare.co.uk, +44 370 707 1077) or Computershare Investor Services (Pty) Ltd. (+27 11 870 2816, attn.: corporate actions department).
Investec is London-based financial services company, specialist bank and asset manager.
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