INVESTEC PLC - FURTHER ANNOUNCEMENT REGARDING INVESTEC PLC`S SALE OF ITS STAKE
IN INVESTEC BANK (ISRAEL) LIMITED
Investec plc
(Incorporated in the United Kingdom)
(Registration number 3633621)
Share code: INP ISIN: GBO031773103
Further announcement regarding Investec plc`s sale of its stake in Investec Bank
(Israel) Limited
Shareholders are referred to the announcement released on 30 July 2004 regarding
the sale by Investec plc of its 80.28% stake in Investec Bank (Israel) Limited
(`the Bank`) to The First International Bank of Israel (`FIBI`).
Investec plc and FIBI have today agreed that the consideration, in terms of the
agreement, which FIBI will pay to Investec plc at the closing date is
approximately +GBP45-million together with interest from 30 June 2004 to
closing. In accordance with the terms of the sale agreement, Investec plc has
agreed in respect of a number of debts to arrange before closing either for the
repayment of such debts to the Bank and/or to purchase such debts from the Bank
and/or to place collateral and indemnify the Bank regarding these and certain
other matters.
London
21 October 2004
Sponsor:
Investec Bank Limited
Date: 21/10/2004 05:00:06 PM
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