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Investec Ltd has started to buy shares in Investec PLC, and repurchase its own shares for a combined value of up to R 2.5 billion or £100 million, Investec PLC and Ltd said on Wednesday. The Sandton, Johannesburg-based financial services has a dual listed company structure, with listings on the London Stock Exchange and the Johannesburg Stock Exchange. The company announced late in May that Investec Ltd planned to acquire shares in Investec PLC and repurchase its own shares. Investec said it is starting this purchase and buyback programme with immediate effect, and expects it to end on of before March 31, 2026, subject to market conditions. Shares in Investec PLC were up 1.7% to 539.50 pence in London on Wednesday morning. In Johannesburg, Investec Ltd shares were up 1.6% at R 129.76, and Investec PLC shares rose 1.9% to R 128.85. The repurchased Investec Ltd shares will be cancelled and reinstated as authorised, but unissued shares in the share capital of Investec Ltd, the group said. The purchased Investec PLC shares will be treated as if they were treasury shares in the consolidated annual financial statements of the Investec group, it said. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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