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INVESTEC BANK LIMITED - Investec Bank Limited Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares Repurchase Programme

Release Date: 25/09/2020 17:15
Code(s): INLP     PDF:  
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Investec Bank Limited Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares Repurchase Programme

Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69


Investec Bank Limited (the “Company”) hereby announces the commencement of a share repurchase
programme (the “Programme”), in compliance with paragraph 5.72(h) of the Listings Requirements of
the JSE Limited (“JSE”), in terms of which the Company may repurchase up to a maximum of 5% of the
preference shares in issue. Repurchases of preference shares in terms of the Programme will be made
pursuant to and in accordance with the general authority granted to the Company by its shareholders at
the Company’s annual general meeting held on 6 August 2020. The general authority authorises the
Company to repurchase preference shares during a closed period if the repurchase is done under a
repurchase programme. The Company has received approval from the Prudential Authority for the
repurchase of preference shares. No preference shares will be repurchased from directors of the

The Programme commences on 29 September 2020 at the opening of the market and will end on the
earlier of (i) the close of the markets on 15 January 2021 and (ii) the date on which the maximum number
of preference shares to be repurchased under the Programme have been met. Repurchases will be
executed through the order book operated by the JSE by the Company’s authorised intermediary without
any prior understanding or arrangement between the Company and/or its subsidiaries and the
counterparties. Repurchases will be effected within certain pre-determined price limits with specific
reference to the limits of the general authority granted by the Company’s shareholders and in compliance
with the JSE’s Listings Requirements.

Preference shares repurchased under the Programme will be cancelled as issued shares and will revert
to authorised but unissued share capital status.

The Programme may be discontinued at any stage during the period concerned and there is no obligation
on the Company to purchase any preference shares during the period.

25 September 2020

Investec Bank Limited

Date: 25-09-2020 05:15:00
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