REG - Investec PLC - Directorate Change

InvestecAnnouncement

06/03/2024 10:00

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RNS Number : 8152F  Investec PLC  06 March 2024

 Investec Limited                               Investec plc
 Incorporated in the Republic of South Africa

Registration number 1925/002833/06            Incorporated in England and Wales

JSE share code: INL

                       Registration number 3633621
 JSE hybrid code: INPR

                       LSE share code: INVP
 JSE debt code: INLV

                       JSE share code: INP
 NSX share code: IVD

                       ISIN: GB00B17BBQ50
 BSE share code: INVESTEC

                       LEI: 2138007Z3U5GWDN3MY22
 ISIN: ZAE000081949

 LEI: 213800CU7SM6O4UWOZ70

 

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.

 

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