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IN BRIEF: Investec PLC tenders £294 million in fixed-rate notes

ALN

Investec PLC and Ltd - Sandton-based financial services company - Announces the results of its tender offer for holders of its 2.63% callable fixed rate resettable subordinated notes due 2031, which are worth £350.0 million in total. The tender offer expired on Thursday afternoon. Investec says notes worth a total principal amount of £305.5 million have been validly tendered, and that its final acceptance amount is £294.2 million. Notes outstanding after the settlement date, expected to be Monday, are expected to total £55.8 million.

Current stock price in London: 607.50 pence

12-month change: up 15%

Current PLC stock price in Johannesburg: R 133.37

12-month change: up 11%

Current Ltd stock price in Johannesburg: R 132.30

12-month change: up 11%

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