IN BRIEF: Investec to start buyback of preference shares on JSE
Investec PLC and Ltd - Sandton-based financial services company - Says it will start buying back non-redeemable, non-cumulative, non-participating preference shares on the Johannesburg Stock Exchange from Tuesday. Investec has noted that it may repurchase up to a maximum of 20% of the preference shares in issue as at September 17. Investec will issue a further announcement once the repurchases, on a cumulative basis, constitute 3% of the preference shares in issue or the repurchases have closed. Read More