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Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Launches share buyback that was announced last week. Investec Ltd will buyback up R 7 billion, about £350 million, in Investec PLC and Investec Ltd shares. The programme will conducted by Investec Markets Ltd as broker and run for the next 18 months. Plans for the up-sized share buyback were announced on Thursday last week with Investec’s interim results. The bank previously had announced a plan to buy back just R 1.2 billion in shares.
Current stock price in London: 489.00 pence, up 1.8%
12-month change: up 26%
Current stock price in Johannesburg: R 98.47, up 1.8%
12-month change: up 20%
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