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JOHANNESBURG/LONDON - Investec (LON:INVP) Limited and Investec plc, operating under a dual-listed company structure, announced the recent acquisition of shares to fulfill obligations of the Investec Limited Share Incentive Plan 2021. The transactions, conducted on the Johannesburg Stock Exchange (JSE), involved the purchase of a total of 357,657 shares over three consecutive days, from February 24 to February 26, 2025.
On February 24, the company acquired 136,340 shares at a price of ZAR124.4918 each, totaling approximately ZAR16.97 million. The following day, 124,022 shares were purchased at ZAR123.0746 per share, amounting to around ZAR15.26 million. The final batch of shares, 97,295 in total, was bought on February 26 at a price of ZAR124.1999 each, with a total value of ZAR12.08 million.
The transactions were made in compliance with the JSE Listings Requirements, specifically paragraphs 3.63 to 3.66 and 3.96, which mandate the disclosure of dealings in securities by the Plan. The necessary clearances for these share dealings were obtained prior to the transactions.
Investec has duly notified both the London Stock Exchange (LON:LSEG) and the JSE about these acquisitions, as required under the Disclosure Guidance and Transparency Rules, and Listing Rules of the UK’s Financial Conduct Authority and the JSE Listings Requirements. The shares were indirectly acquired on the market to meet the commitments of the Share Incentive Plan to its participants.
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