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Investec Ltd. - repurchase of preference shares
Investec Ltd. announced the start of a share repurchase programme for its non-redeemable, non-cumulative, non-participating preference shares, in line with JSE Listings Requirements. The company may repurchase up to 20% of its preference shares as authorised by a board resolution on 17 September 2026 and approved by shareholders on 6 August 2026. The repurchases will begin on 29 September 2026 through the JSE order book, within pre-set price limits, and will be executed without prior arrangements with counterparties. No shares will be repurchased from directors. Once repurchased, the preference shares will be cancelled and reclassified as authorised but unissued share capital. The company will notify shareholders once cumulative repurchases reach 3% of the preference shares in issue or when the programme concludes.
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