| Fri 13 Mar 2020, 16:30 | | INVESTEC PLC - INL,INP : Directorate changes |
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INL,INP : Directorate changes:
Investec Limited Investec plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL LSE share code: INVP
NSX share code: IVD JSE share code: INP
BSE share code: INVESTEC ISIN: GB00B17BBQ50
ISIN: ZAE000081949
As part of the dual listed company structure, Investec plc and Investec Limited notify both the London
Stock Exchange ("LSE") and the Johannesburg Stock Exchange ("JSE") Limited of matters which are
required to be disclosed under the Disclosure Guidance and Transparency Rules (the "DTR"), and the
Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listings
Requirements.
Accordingly, we advise of the following:
Investec Limited and Investec plc (together the "Group")
Directorate changes
The Board announces, in accordance with Section 3.59 of the JSE Limited Listings Requirements and
Rule 9.6.11 of the United Kingdom ("UK") Listing Rules, the following director changes.
Further to the shareholder circular in relation to the proposed demerger of Ninety One, as published on
29 November 2019, and following the announcement on 10 February 2020 in regards to the successful
outcome of the shareholder vote to proceed with the demerger and listing of Ninety One:
Hendrik du Toit, joint Chief Executive Officer, will step down from the Board, with effect from 16 March
2020. Fani Titi will continue on the Board as sole Chief Executive Officer.
Kim McFarland, Executive Director, will step down from the Board, with effect from 16 March 2020.
The Board offers its sincere thanks to Hendrik and Kim for their exemplary service, dedication and
commitment to the Group. They go with the Board's very best wishes to their roles at an independent
Ninety One, where Hendrik will be CEO and Kim CFO and the Board wishes them every success.
At the same time the Board is pleased to confirm the appointment, effective 1 April 2020, of Ciaran
Whelan and David van der Walt as Executive Directors of Investec plc and Investec Limited.
Ciaran, FCA (Irish) joined Investec in 1988. He has had extensive experience within the Group,
including chief executive officer of Investec Bank Australia Limited and the global head of Investec
Private Bank.
David, CA (SA), joined Investec in 1994. David has held a number of positions within the Group. In July
2004, David was appointed global head of corporate and institutional banking with responsibility for the
business unit across all geographies before being appointed chief executive officer of Investec Bank
plc in February 2010, stepping down in November 2019.
There are no further details required to be disclosed in regards to Rule 9.6.13 of the UK Listing Rules.
For further information please contact:
Carly Newton
Investec Investor Relations
+44 207 597 5546
investorrelations@investec.com
Johannesburg and London
Date: 13 March 2020
Sponsor: Investec Bank Limited
Date: 13-03-2020 04:30:00
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