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Investec has a Dual Listed Companies (DLC) corporate structure.
In November 2001, we received permission from the Minister of Finance and the South African Reserve Bank to establish a Dual Listed Companies (DLC) structure with linked companies listed in London and Johannesburg.
Establishment of a DLC structure
On 5 July 2002, Investec issued an Offering Circular relating to the Global Offer of ordinary shares in Investec plc, the admission to the Official List of the UK Listing Authority and the admission to trading on the London Stock Exchange of ordinary shares.
A circular to shareholders regarding the establishment of a DLC structure was issued on 20 June 2002.
Furthermore, an Offering Circular, relating to the Global Offer of ordinary shares in Investec plc and the admission to the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange of such ordinary shares was issued on 5 July 2002. The Global Offer closed on 19 July 2002.
The contents of the circular to shareholders and the Offering Circular were prepared as at 20 June 2002 and 5 July 2002 respectively.