| Wed 7 Jul 2010, 8:00 | | INP - Investec - Rensburg Fund Management Limited |
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INP
INP
INP - Investec - Rensburg Fund Management Limited
Investec plc
Incorporated in England and Wales
Registration number 3633621
JSE share code: INP
ISIN: GB00B17BBQ50
Investec plc ("Investec")
Rensburg Fund Management Limited
Following completion of the acquisition of Rensburg Sheppards plc ("Rensburg")
on 25 June 2010, Investec plc announces that it has received a number of
expressions of interest from potential acquirers for Rensburg Fund Management
Limited ("RFM"), Rensburg`s fund management subsidiary. The Board of Investec
has therefore, appointed Fenchurch Advisory Partners to advise on strategic
options for RFM.
As part of the strategic review, Fenchurch will assess and test the appetite
from third parties for acquiring RFM through a structured process. Fenchurch
will also consider the prospects for the continued growth of the business under
its existing ownership structure.
There can be no certainty that this strategic review will result in a
transaction or an offer being made for RFM. However, any transaction would have
regard to the best interests of all stakeholders of RFM, including its clients
and employees.
For further information please contact:
Investec
Ursula Nobrega (Investor Relations) +27 (0) 82 552 8808 (mobile)
Fenchurch Advisory Partners +44 (0) 20 7382 2222
Graham Marchant
Vincent Bounie
About Rensburg Fund Management
Rensburg Fund Management is a fund management company specialising in UK equity
investments. Based in Leeds, it offers a comprehensive range of 6 unit trusts
with GBP0.8 billion under management as at 31 May 2010.
About the Investec Group
The Investec Group (comprising Investec Limited and Investec plc) is an
international specialist bank and asset manager that provides a diverse range of
financial products and services to a niche client base in three principal
markets, the United Kingdom, South Africa and Australia as well as certain other
countries. The group was established in 1974 and currently has approximately
5,900 permanent employees.
The group focuses on delivering distinctive profitable solutions for its clients
in six core areas of activity namely, Asset Management, Private Wealth, Property
Activities, Private Banking, Investment Banking and Capital Markets.
In July 2002 the Investec group implemented a dual listed company structure with
listings on the London and Johannesburg Stock Exchanges.
07 July 2010
Sponsor:
Investec Bank Limited
Date: 07/07/2010 08:00:02 Produced by the JSE SENS Department.
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