t
| Date | 28 Jun 2024 |
| Time | 07:00:15 |
| Category | AGMs and other meetings |
| ID | 2009U |
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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