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Investec plc and Investec Limited held their Annual General Meetings (AGMs) on 07 August 2025. All resolutions, encompassing common, ordinary, and special business, were passed by the required majority, with 80.88% of the ordinary shares in issue participating in the vote for common business resolutions. Brian Stevenson retired as a non-executive director of both companies at the close of the AGMs.
| Date | 7 Aug 2025 |
| Time | 15:00:00 |
| Category | AGMs and other meetings |
| ID | 4726U |
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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 |
Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22 |
Results of Annual General Meetings of Investec Limited and Investec plc
(the AGMs) and confirmation of Directorate Change
As part of the dual listed company structure, Investec plc and Investec Limited (jointly Investec) notify both the London Stock Exchange and the JSE Limited (JSE) of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules, and Listing Rules of the Financial Conduct Authority (FCA) and/or the JSE Listings Requirements.
Accordingly, we advise that the AGMs were held on 07 August 2025. As required by the dual listed company structure, all resolutions were treated as Joint Electorate Actions and were decided on a poll. All resolutions at both meetings were passed by the required majority. Resolutions 1 to 14, 16 to 22 and 27 to 32 were passed as ordinary resolutions. Resolutions 23 to 26 and resolutions 33 and 34 were passed as special resolutions.
The voting results of the Joint Electorate Actions are identical and are given below:
|
Resolution |
Votes For |
% of Votes Cast |
Votes Against |
% of Votes Cast |
Total Votes Cast |
Total Votes Cast as a % of the Ordinary Shares in Issue |
Votes Withheld |
Votes Withheld as a % of the Ordinary Shares in Issue |
|
|
Common Business: Investec plc and Investec Limited |
|||||||||
|
1 |
Election of Vivek Ahuja |
723 206 829 |
99,95% |
354 927 |
0,05% |
723 561 756 |
80,88% |
283 135 |
0,03% |
|
2 |
Re-election of Henrietta Baldock |
722 620 468 |
99,87% |
942 255 |
0,13% |
723 562 723 |
80,88% |
282 168 |
0,03% |
|
3 |
Re-election of Philip Hourquebie |
698 492 123 |
96,54% |
25 070 911 |
3,46% |
723 563 034 |
80,88% |
281 857 |
0,03% |
|
4 |
Re-election of Stephen Koseff |
707 264 844 |
97,75% |
16 298 227 |
2,25% |
723 563 071 |
80,88% |
281 820 |
0,03% |
|
5 |
Re-election of Nicky Newton-King |
718 932 725 |
99,36% |
4 630 588 |
0,64% |
723 563 313 |
80,88% |
281 578 |
0,03% |
|
6 |
Re-election of Jasandra Nyker |
722 992 294 |
99,92% |
570 790 |
0,08% |
723 563 084 |
80,88% |
281 807 |
0,03% |
|
7 |
Re-election of Vanessa Olver |
722 914 722 |
99,91% |
648 593 |
0,09% |
723 563 315 |
80,88% |
281 576 |
0,03% |
|
8 |
Re-election of Diane Radley |
703 202 045 |
97,19% |
20 361 159 |
2,81% |
723 563 204 |
80,88% |
281 687 |
0,03% |
|
9 |
Re-election of Nishlan Samujh |
719 200 708 |
99,40% |
4 362 137 |
0,60% |
723 562 845 |
80,88% |
282 046 |
0,03% |
|
10 |
Re-election of Fani Titi |
720 862 416 |
99,63% |
2 701 377 |
0,37% |
723 563 793 |
80,88% |
281 098 |
0,03% |
|
11 |
Approval of the DLC directors' remuneration report for the year ended 31 March 2025 |
672 124 278 |
92,89% |
51 432 220 |
7,11% |
723 556 498 |
80,88% |
288 393 |
0,03% |
|
12 |
Approval of the DLC directors' remuneration policy |
644 639 260 |
89,09% |
78 917 561 |
10,91% |
723 556 821 |
80,88% |
288 070 |
0,03% |
|
13 |
Election of the DLC Social and Ethics Committee |
666 910 165 |
92,17% |
56 651 486 |
7,83% |
723 561 651 |
80,88% |
283 240 |
0,03% |
|
14 |
Authority to take action in respect of the resolutions |
723 552 885 |
100,00% |
10 028 |
0,00% |
723 562 913 |
80,88% |
281 978 |
0,03% |
|
Ordinary business: Investec Limited |
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|
15 |
Presentation of the audited financial statements for the year ended 31 March 2025 |
Non-voting |
|||||||
|
16 |
Sanction of the interim dividend paid on the ordinary shares |
723 302 779 |
99,98% |
155 164 |
0,02% |
723 457 943 |
80,87% |
386 948 |
0,04% |
|
17 |
Sanction of the interim dividend paid on the SA DAS share |
723 301 489 |
99,98% |
154 255 |
0,02% |
723 455 744 |
80,87% |
389 147 |
0,04% |
|
18 |
Approval of the final dividend on the ordinary shares and the SA DAS share |
723 560 813 |
100,00% |
2 374 |
0,00% |
723 563 187 |
80,88% |
281 704 |
0,03% |
|
19 |
Appointment of PWC Inc. as joint auditors |
722 693 125 |
99,90% |
703 317 |
0,10% |
723 396 442 |
80,86% |
448 449 |
0,05% |
|
20 |
Appointment of Deloitte Inc. as joint auditors |
708 222 396 |
97,90% |
15 173 805 |
2,10% |
723 396 201 |
80,86% |
448 690 |
0,05% |
|
Special business: Investec Limited |
|||||||||
|
21 |
Authority to issue the unissued variable rate, redeemable, cumulative preference shares; the unissued non-redeemable, non-cumulative, non- participating preference shares (perpetual preference shares); the unissued non- redeemable, non-cumulative, non-participating preference shares (non-redeemable programme preference shares); and the redeemable, non-participating preference shares (redeemable programme preference shares) |
717 201 010 |
99,23% |
5 582 382 |
0,77% |
722 783 392 |
80,79% |
293 739 |
0,03% |
|
22 |
Authority to issue the unissued special convertible redeemable preference shares |
716 268 175 |
99,23% |
6 525 618 |
0,77% |
722 793 793 |
80,80% |
283 338 |
0,03% |
|
23 |
Authority to acquire ordinary shares |
701 240 268 |
99,10% |
21 032 410 |
0,90% |
722 272 678 |
80,74% |
804 453 |
0,09% |
|
24 |
Authority to acquire any redeemable, non-participating preference shares and non-redeemable, non-cumulative, non-participating preference shares |
717 717 983 |
97,09% |
4 554 464 |
2,91% |
722 272 447 |
80,74% |
804 684 |
0,09% |
|
25 |
Financial assistance |
704 769 602 |
99,37% |
18 021 160 |
0,63% |
722 790 762 |
80,80% |
286 369 |
0,03% |
|
26 |
Approval of the non-executive directors' remuneration |
710 764 806 |
97,51% |
12 019 875 |
2,49% |
722 784 681 |
80,79% |
292 302 |
0,03% |
|
Ordinary Business: Investec plc |
|||||||||
|
27 |
Receive the audited financial statements for the year ended 31 March 2025 |
714 320 290 |
98,34% |
1 281 135 |
1,66% |
715 601 425 |
79,99% |
7 475 706 |
0,84% |
|
28 |
Sanction of the interim dividend paid on the ordinary shares |
718 261 195 |
99,82% |
157 063 |
0,18% |
718 418 258 |
80,31% |
4 658 873 |
0,52% |
|
29 |
Approval of the final dividend on the ordinary shares |
718 521 286 |
99,98% |
4 052 |
0,02% |
718 525 338 |
80,32% |
4 551 793 |
0,51% |
|
30 |
Appointment of Deloitte LLP as auditor |
707 597 248 |
100,00% |
10 764 224 |
0,00% |
718 361 472 |
80,30% |
4 715 659 |
0,53% |
|
31 |
Authority for the Investec plc Audit Committee to set the remuneration of the company's auditors |
718 778 520 |
98,50% |
513 497 |
1,50% |
719 292 017 |
80,40% |
4 552 874 |
0,51% |
|
Special Business: Investec plc |
|||||||||
|
32 |
Authority to allot shares and other securities |
680 670 066 |
94,63% |
38 622 128 |
5,37% |
719 292 194 |
80,40% |
4 552 697 |
0,51% |
|
33 |
Authority to purchase ordinary shares |
717 751 598 |
99,86% |
1 017 047 |
0,14% |
718 768 645 |
80,35% |
5 076 246 |
0,57% |
|
34 |
Authority to purchase preference shares |
716 291 406 |
94,63% |
2 477 239 |
0,34% |
718 768 645 |
80,35% |
5 076 246 |
0,57% |
Other information
As at the date of the AGMs, Investec plc's issued capital consists of 696 082 618 ordinary shares of GBP0.0002 each (PLC Ordinary Shares). Of these, 50 920 311 PLC Ordinary Shares are held exclusive of voting rights in Treasury at the date of this announcement and therefore the total number of voting rights in Investec plc is 645 162 307. Investec Limited's issued capital consists of 295 125 806 ordinary shares of ZAR0.0002 each (LTD Ordinary Shares). Of these, no LTD Ordinary Shares are held in Treasury and the total number of voting rights in Investec Limited is 295 125 806 LTD Ordinary Shares.
In accordance with the dual listed companies' structure, the aggregate number of voting rights which therefore may be exercised at the AGMs was 940 288 113.
Votes withheld are not votes in law and have not been counted in the calculation of the proportion of votes 'for' or 'against' a resolution. Proxy appointments which gave discretion to the Chair have been included in the 'for' total.
Submission of Resolutions passed at the AGMs
Copies of all resolutions passed as special business at the AGMs held on 07 August 2025, pursuant to Listing Rule 9.6.2, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Non-Executive Director Change
In accordance with paragraph 3.59 of the JSE Listings Requirements, paragraph 6.42 of the Debt and Specialist Securities Listings Requirements and Rule 9.6.11 of the FCA Listing Rules, and as previously announced on 30 June 2025, Investec confirms that Brian Stevenson retired as a non-executive director of Investec Limited and Investec plc at the close of the AGMs. Brian's insights, experience, and commitment have been of immense value to the Boards and the broader Group. The Boards would like to take this opportunity to thank Brian for his contributions and wishes him well in his future endeavours.
David Miller Niki van Wyk
Company Secretary Company Secretary
Investec plc Investec Limited
Johannesburg and London
Date: 07 August 2025
Sponsor: Investec Bank Limited