18th Nov 2005 10:00
Investec PLC18 November 2005 18 November 2005 INVESTEC PLC ODD-LOT OFFER: FINALISATION OF OFFER PRICE This announcement is not for release, publication or distribution, in whole or in part, in or into the United States, Canada, Australia or Japan 1. BACKGROUND On 20 October 2005 Investec Limited and Investec plc issued a circular tomembers and announced details of an Odd-lot Offer whereby holders of less than100 ordinary shares in either Investec Limited or Investec plc were given theoption to sell their holdings to Investec. It was further announced on 14November 2005 that the resolutions necessary to implement the Odd-lot Offer wereduly passed. 2. OFFER PRICES Under the terms of the Odd-lot Offer, Investec Limited Odd-lot Holders will havetheir shares acquired at the Investec Limited Offer Price and Investec plcOdd-lot Holders will have their shares acquired at the Investec plc Offer Price. The Investec Limited Offer Price is R277.64 which represents a 5 per centpremium to the volume weighted average price of Investec Limited Shares tradedon the JSE Limited ("JSE") over the five trading days prior to Friday,18 November 2005. The Investec plc Offer Price:(i) in the case of Investec plc shares held on the United Kingdom share register is £24.28 which represents a 5 per cent premium to the volume weighted average price of Investec plc Shares on the London Stock Exchange (as quoted by Bloomberg) over the five trading days prior to Friday, 18 November 2005; and(ii) in the case of Investec plc Shares held on the South African branch register is R284.71 which represents a 5 per cent premium to the volume weighted average price of Investec plc Shares traded on the JSE over the five trading days prior to Friday, 18 November 2005. Investec Limited Odd-lot Holders and Investec plc Odd-lot Holders recorded onthe South African branch register will be paid in Rand and Investec plc Odd-lotHolders recorded on the UK share register will be paid in Pounds Sterling. Enquiries:+--------------------------------------+--------------------------------------+|Investec plc | ||Ursula Munitich +44 207 597 5546 | || | |+--------------------------------------+--------------------------------------+|Merrill Lynch International +44 207 |Merrill Lynch South Africa +27 11 305 ||996 1000 |5555 ||Peter Tracey |Paris Aposporis ||Andrew Fairclough | || | |+--------------------------------------+--------------------------------------+|Citigate Dewe Rogerson +44 207 638 | ||9571 | ||Sara Batchelor | |+--------------------------------------+--------------------------------------+ Merrill Lynch is acting for Investec and no one else in connection with theOdd-lot Offer and will not regard any other person (whether or not a recipientof this announcement) as its client in relation to the Odd-lot Offer and willnot be responsible for providing the protections afforded to its clients nor forgiving advice in relation to the Odd-lot Offer or any transaction or arrangementreferred to, or information contained in this announcement.The Odd-lot Offer is not being made, directly or indirectly, in or into theUnited States, Canada, Australia or Japan or any other jurisdiction where to doso would constitute a violation of the laws of such jurisdiction. Odd-lotHolders may not tender Investec Shares into the Odd-lot Offer by any means fromwithin the United States, Canada, Australia or Japan or any other jurisdictionwhere to do so would constitute a violation of the laws of such jurisdiction.The Odd-lot Offer is not being made, directly or indirectly, by use of the mailsor by any means or instrumentality (including without limitation, facsimiletransmission, telephone and the internet) of interstate or foreign commerce, orany facility of a national securities exchange, of the United States, Canada,Australia or Japan. Accordingly, copies of this announcement or any accompanyingdocuments are, subject to certain exceptions, not being, directly or indirectly,mailed or otherwise distributed, forwarded or transmitted in, into or from theUnited States. Any persons receiving such documents (including, withoutlimitation, custodians, nominees and trustees) should observe these restrictionsand should not, subject to certain exceptions, mail or otherwise distribute,forward or transmit them in, into or from the United States or any otherjurisdiction where to do so would constitute a violation of the laws of suchjurisdiction, or use such means, instrumentality or facility in connection withthe Odd-lot Offer, and so doing may render invalid any related purportedacceptance of the Odd-lot Offer. Any persons (including, without limitation,custodians, nominees and trustees) who would or otherwise intend to, or may havea contractual or other legal obligation to, forward this announcement or anyaccompanying documents to the United States should seek appropriate advicebefore taking any action. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Investec