| Thu 22 Dec 2011, 9:42 | | INL/INP - Investec Limited/ Investec plc - Offer U |
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INL INP
INL INP
INL/INP - Investec Limited/ Investec plc - Offer Update - Scheme of arrangement
completed
Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE share code: INL
ISIN: ZAE000081949
Investec plc
Incorporated in England and Wales
Registration number 3633621
JSE share code: INP
ISIN: GB00B17BBQ50
(jointly "Investec")
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 Disclosure, Transparency and Listing Rules of
the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing
Requirements.
Accordingly, we advise of the following:
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
22 December 2011
Investec plc ("Investec")
Offer Update - Scheme of arrangement completed
Further to the announcement of sanction of the Scheme by Court yesterday,
Investec and The Evolution Group Plc ("Evolution") are pleased to announce that
the Scheme to give effect to the Offer has now become effective and the entire
issued ordinary share capital of Evolution is now owned by Investec.
Evolution Shareholders on the register at the Scheme Record Time, being 6.00
p.m. on 21 December 2011, will receive 0.23124 New Investec Shares for each
Scheme Share held.
Admission of 53,800,540 New Investec Shares to listing on the Official List of
the UK Listing Authority (the "Official List") and to trading on the London
Stock Exchange`s main market for listed securities (the "Main Market") and the
Johannesburg Stock Exchange will occur with effect from 8.00 a.m. (UK time)
today.
Settlement of the New Investec Shares held through CREST will take place by 8.00
a.m. (UK time) today. Share certificates in relation to the New Investec Shares
to be held in certificated form will be despatched no later than 5 January 2012.
The total number of issued ordinary shares in Investec is now 596,789,593.
The admission to trading of Evolution Shares on the Main Market and the listing
of Evolution Shares on the Official List will be cancelled at Evolution`s
request with effect from 8.00 a.m.(UK time) today.
Defined terms used but not defined in this announcement have the meanings set
out in the Scheme Document.
Enquiries:
Investec
Ursula Nobrega +44 (20) 7597 5546
Stephen Koseff
Bernard Kantor
Evolution
Alex Snow +44 (20) 7071 4300
Investec Investment Banking (Financial
Adviser and Joint Corporate Broker to
Investec)
David Currie +44 (20) 7597 5970
Christopher Baird
James Ireland
Credit Suisse (Financial Adviser to
Evolution)
George Maddison +44 (20) 7888 8888
Joe Hannon
Citigate Dewe Rogerson (Financial PR to
Investec)
Tom Baldock +44 (20) 7638 9571
Justin Griffiths
Pelham Bell Pottinger (Financial PR to
Evolution)
Victoria Geoghegan +44 (20) 7861 3925
Investec Investment Banking, a division of Investec Bank plc, which is
authorised and regulated in the UK by the Financial Services Authority, is
acting for Investec and no one else in connection with the Offer and this
announcement and will not be responsible to anyone other than Investec for
providing the protections afforded to clients of Investec Investment Banking or
for providing advice in connection with the Offer or any matter referred to
herein.
Credit Suisse, which is authorised and regulated in the UK by the Financial
Services Authority, is acting exclusively for Evolution and no one else in
connection with the Offer and this announcement and will not be responsible to
anyone other than Evolution for providing the protections afforded to clients of
Credit Suisse or for providing advice in connection with the Offer or any matter
referred to herein.
This announcement is for information purposes only and does not constitute an
offer to sell or an invitation to purchase any securities or the solicitation of
an offer to buy any securities, pursuant to the Offer or otherwise. This
announcement has been prepared for the purpose of complying with English law and
the City Code and the information disclosed may not be the same as that which
would have been disclosed if this announcement had been prepared in accordance
with the laws of jurisdictions outside the United Kingdom.
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in the
United Kingdom or who are subject to other jurisdictions should inform
themselves of, and observe, any applicable requirements.
A copy of this announcement will be made available, free of charge, at
www.evgplc.com and www.investec.com by no later than 12 noon (London time) on 23
December 2011.
You may request a hard copy of this announcement, free of charge, by contacting
the Company Secretary of Evolution on +44 (20) 7071 4300 or the Company
Secretary of Investec on +44 (20) 7597 4000. You may also request that all
future documents, announcements and information to be sent to you in relation to
the Offer should be in hard copy form.
Date: 22/12/2011 09:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
