Investec Limited Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE share code: INL
JSE hybrid code: INPR
JSE debt code: INLV
NSX share code: IVD
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
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Investec plc
Incorporated in England and
Wales
Registration number
3633621
LSE share code: INVP
JSE share code: INP
ISIN: GB00B17BBQ50
LEI: 2138007Z3U5GWDN3MY22
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As part of the dual listed company
structure, the boards of Investec plc and Investec Limited
(together the "Board") notify both the London Stock Exchange and
the JSE Limited of matters which are required to be disclosed under
the Disclosure Guidance and Transparency Rules, and Listing Rules
of the Financial Conduct Authority (the "FCA") and/or the JSE
Listings Requirements.
Accordingly, we advise of the
following:
Non-Executive Director
Changes
In line with the Board approved
non-executive director succession plan, the Board previously
announced that Zarina Bassa will step down from the Board and the
Board of Investec Bank Limited at the annual general meeting to be
held on 08 August 2024, having reached nine years of service to the
Investec Group in November 2023.
Further to the above, and in
accordance with Section 3.59 of the JSE Listings Requirements and
Rule 9.6.11 of the FCA Listing Rules, the Board is pleased to
announce the appointment, with immediate effect, of Diane Radley as
a non-executive director of the Board and to the Board of Investec
Bank Limited.
Diane has been identified as the
successor to Zarina as Chair of the Group Audit Committee and
Investec Bank Limited Audit Committee and will accordingly assume
the role when Zarina stands down from the Investec Group on 08
August 2024.
Diane is an accountant by training
with an MBA from Wits Business School. She has extensive financial
services experience including banking, long- and short-term
insurance, asset management - both traditional and alternative
asset classes, lending, fintech, payments and distressed consumer
debt. She was Partner in charge of Transaction Services at PwC
advising on local and international listings and corporate
transactions before becoming CFO of JSE listed Allied Electronics
Ltd. She served as Old Mutual South Africa's Group Finance Director
and later as CEO of the Old Mutual Investment Group until the end
of 2016. She has served as a non-executive director on a number of
local and international company boards and is a trustee of the DG
Murray Trust, a strategic investor and public innovator creating
change in South Africa. Save for the directorships listed in
the notes, there are no further details required to be disclosed by
Rule 9.6.13 of the UK Listing Rules.
The Board is grateful to Zarina for
her exemplary service, commitment, and contribution to the Group,
and wishes her well with her future endeavours.
The Board congratulates Diane on her
appointment as a non-executive director of the Board and looks
forward to working with Diane in the coming years.
London and Johannesburg
06 March 2024
Sponsor
Investec Bank Limited
Notes:
Current directorships: Diane
Radley
1.
Marriott Unit Trust Company Pty Ltd
2. DG Murray Trust
3. Base Resources Ltd
4. Transaction Capital Ltd
5. Efficient Group 2 Pty Ltd
6. Redefine Properties Ltd
7. Network International plc
8. Jumo World Holding Ltd
9. Globeleq Ltd
About
Investec
Investec partners with private,
institutional, and corporate clients, offering international
banking, investments, and wealth management services in two
principal markets, South Africa, and the UK, as well as certain
other countries. The Group was established in 1974 and currently
has approximately 8,200 employees.
In 2002, Investec implemented a dual
listed company structure with listings on the London and
Johannesburg Stock Exchanges. In March 2020, the Group
successfully completed the demerger of Ninety One,
which became separately listed on 16 March 2020.