| Investec Limited NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 LEI: 213800CU7SM6O4UWOZ70 | Investec plc JSE share code: INP LEI: 2138007Z3U5GWDN3MY22 |
As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS) OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
INDICATIVE RESULTS ANNOUNCEMENT
Investec plc announces indicative results of its Tender Offer for its £400,000,000 4.500 per cent. Notes due 2022
14 July 2021. Investec plc (the "Company") announces herein the indicative results of its invitation to holders of its £400,000,000 4.500 per cent. Notes due 2022 (ISIN: XS1227242630) (the "Notes") to tender such Notes for purchase by the Company for cash (the "Offer").
The Offer was made on the terms and subject to the conditions contained in a tender offer memorandum dated 6 July 2021 (the "Tender Offer Memorandum") prepared by the Company, and was subject to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
Indicative Results of the Offer
The Expiration Deadline for the Offer was 4.00 p.m. (British Summer Time) on 13 July 2021. As at the Expiration Deadline, £260,007,000 in aggregate nominal amount of the Notes had been validly tendered for purchase pursuant to the Offer.
The Company announces that, conditional upon satisfaction (or waiver) of the New Financing Condition, it indicatively expects to accept valid tenders of Notes pursuant to the Offer, with an indicative Final Acceptance Amount equal to £200,000,000. All Tender Instructions are indicatively expected to be accepted subject to an indicative Scaling Factor of 76.237 per cent.
The Company reserves the right at any time to waive any or all of the Conditions of the Offer (including the New Financing Condition) as set out in the Tender Offer Memorandum. Subject to the satisfaction (or waiver) of the New Financing Condition, the expected Settlement Date of the Offer is 16 July 2021.
The Price Determination Time is expected to be at or around 11.00 a.m. (British Summer Time) today. The Company expects to announce the final results of the Offer as soon as reasonably practicable thereafter.
| | Dealer Managers | |
| Citigroup Global Markets Limited Citigroup Centre Canada Square Canary Wharf London E14 5LB
Telephone: +44 20 7986 8969 Attention: Liability Management Group Email: liabilitymanagement.europe@citi.com
|
| ING Bank N.V. Foppingadreef 7 1102 BD Amsterdam The Netherlands
Telephone: +31 20 5632132 Email: liability.management@ing.com Attention: Liability Management Team |
|
J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP
Telephone: +44 20 7134 2468 Email: liability_management_EMEA@jpmorgan.com Attention: Liability Management
| ||
| The Tender Agent Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA
Attention: Harry Ringrose Telephone: +44 207 704 0880 Email: investec@lucid-is.com | ||
This announcement is released by Investec plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"), as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"), encompassing information relating to the Offer described above. For the purposes of UK MAR and Article 2 of the binding technical standards published by the FCA in relation to MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by David Miller, Company Secretary at Investec plc.
DISCLAIMER: This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.
LEI: 2138007Z3U5GWDN3MY22
Johannesburg and London
14 July 2021
Sponsor:
Investec Bank Limited
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