Investec PLC Non-executive director changes (7799S)
March 19 2021 - 2:05AM
UK Regulatory
TIDMINVP
RNS Number : 7799S
Investec PLC
19 March 2021
Investec Limited Investec plc
Incorporated in the Republic of Incorporated in England and Wales
South Africa Registration number 3633621
Registration number 1925/002833/06 LSE share code: INVP
JSE share code: INL JSE share code: INP
NSX share code: IVD ISIN: GB00B17BBQ50
BSE share code: INVESTEC LEI: 2138007Z3U5GWDN3MY22
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
As part of the dual listed company structure, the boards of
Investec plc and Investec Limited (together the "Boards") 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 Listing Rules of the United Kingdom Listing
Authority (the "UKLA") and/or the JSE Listings Requirements.
Accordingly we advise of the following:
Non-Executive Director changes
The Board confirms that, in line with corporate governance
guidelines and best practice regarding tenure, Investec Group
Chairman Perry Crosthwaite will be standing down with effect from
the Group's 2021 Annual General Meeting (the "AGM"), which will
take place on 05 August 2021. Investec is in the process of
appointing a successor to the position of Group Chairman and will
make the relevant announcement at the appropriate time.
At the same time, and further to Charles Jacobs's upcoming
appointment as co-head of U.K. investment banking at JP Morgan and
Lord Malloch-Brown's appointment as President of the Open Society
Foundations, both have indicated their intention not to stand for
re-election at the AGM and accordingly Charles Jacobs will step
down from the Boards with effect from 30 June 2021 and Lord
Malloch-Brown will step down with effect from 05 August 2021.
The Boards are grateful to Charles and Lord Malloch-Brown for
their service and commitment to the Group. We offer our sincere
thanks and best wishes for their future endeavours.
The Group has an ongoing, structured board refreshment
programme. The Boards shall communicate any changes resulting
therefrom as and when appropriate.
There are no further details required to be disclosed by Rule
9.6.11 of the UK Listing Rules.
For further information please contact:
Investec Investor Relations
Qaqambile Dwayi
South Africa: +27 (0) 11 291 0129 / +27 (0) 11 286 7070
investorrelations@investec.com
London and Johannesburg
19 March 2021
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 8,500 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, which became separately listed on 16 March 2020. Investec's
current market capitalisation is approximately GBP2.4 billion.
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END
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