Investec Limited
Incorporated in the Republic of
South Africa
Registration number
1925/002833/06
JSE share code: INL
JSE Hybrid code: INPR
JSE debt code: INLV
NSX share code: IVD
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
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Investec plc
Incorporated
in England and Wales
Registration number
3633621
LSE share code: INVP
JSE share code: INP
ISIN: GB00B17BBQ50
LEI: 2138007Z3U5GWDN3MY22
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As part of the dual listed company
structure, Investec plc and Investec Limited (together the
"Investec Group") 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 Financial Conduct Authority (the "FCA") and/or the JSE Listings
Requirements.
Accordingly we advise of the
following:
NOTICE OF THE ANNUAL GENERAL MEETINGS OF INVESTEC PLC AND
INVESTEC LIMITED
ISSUE OF THE INVESTEC GROUP'S 2024 ANNUAL REPORT AND CHANGE
STATEMENT
i) The Annual
General Meetings of Investec plc and Investec Limited will be held
as a combined electronic and physical meeting. The Annual General
Meeting of Investec plc will be held by webcast and at the
registered office of Investec plc at 30 Gresham
Street, London EC2V 7QP, at 11:00 (UK time) on
Thursday, 08 August 2024. In accordance with the Dual Listed
Company (DLC) structure, the parallel Annual General Meeting of
Investec Limited will be held by webcast and at the registered
office of Investec Limited at 100 Grayston Drive, Sandown, Sandton,
at 12:00 (South African time) on Thursday, 08 August
2024. The guide to joining the Annual General Meetings
of Investec plc and Investec Limited electronically may be found in
the respective Notices of the Annual General Meeting. The record
date in order to be eligible to vote at the Annual General Meeting
of Investec Limited is Friday, 02 August 2024, and accordingly the
last day to trade is Tuesday, 30 July 2024.
ii) The
Investec Group's 2024 Annual Report for the year ended 31 March
2024 and Notices of the Annual General Meeting of Investec plc and
Investec Limited have been issued and distributed to shareholders
today, 28 June 2024.
iii) The unqualified
Audit Reports by Ernst and Young Inc. and PricewaterhouseCoopers
Inc. are available for inspection at the registered office of
Investec Limited until the Annual General Meetings have
commenced.
iv) Shareholders are advised that
there are modifications to the financial results for the year ended
31 March 2024 for Investec plc and Investec Limited, as published
on 23 May 2024.
Notes:
1. In the ordinary
course of business, Investec Bank Limited purchases in the open
market listed debt instruments issued by Investec plc to support
client trading activities. A position of £52 million was identified that had to be eliminated at an
Investec DLC level.
2. The Investec Group consolidates securitisation vehicles. The
cash held by the vehicles was separately accounted for in the
Investec Group on consolidation as 'customer accounts (deposits)'
with the corresponding entry in 'other securitised assets'. The
accounting treatment was revised and an amount of £72 million was
adjusted downwards on each line.
3. As part of a balance
sheet simplification process, 'Insurance liabilities, including
unit-linked liabilities' of £16
million has been aggregated with
'Liabilities to customers under investment contracts'.
A copy of the following documents
can be viewed on Investec's website at www.investec.com,
and will shortly be available for inspection at the National
Storage Mechanism (where required), https://data.fca.org.uk/#/nsm/nationalstoragemechanism
· Investec Group's 2024 Annual Report
· Investec plc's 2024 audited consolidated Annual
Report
· Investec Limited's 2024 audited consolidated Annual
Report
· Notices of the Annual General Meeting of Investec plc and
Investec Limited, including the Proxy Form for Investec
Limited
Investec Group's 2024 audited annual
financial statements are also available on the JSE cloudlink at
https://senspdf.jse.co.za/documents/2024/jse/isse/INL/AFS2024.pdf
Enquiries:
David
Miller
Niki van Wyk
Company
Secretary Company
Secretary
Investec
plc
Investec Limited
+44 (0)207 597
4000 +27
11 286 7000
Johannesburg and London
Date: 28 June
2024
Sponsor:
Investec Bank Limited