At 31 March
£’000 |
|
2008 |
2007 |
| 37. Perpetual preference shares of holding company |
|
|
|
| |
|
|
|
| Investec Limited |
|
|
|
| |
|
|
|
| Authorised |
|
|
|
| |
|
|
|
| 100 000 000 (2007:100 000 000) non-redeemable, non-cumulative, non-participating preference shares of one cent each. |
|
|
|
| |
|
|
|
| Issued by Investec Limited |
|
|
|
| |
|
|
|
| 22 182 000 (2007:22 182 000) non-redeemable, non-cumulative, non-participating preference shares of one cent each, issued at a premium of R104.49 per share. |
|
142 777 |
162 615 |
| |
|
|
|
| Preference shareholders will be entitled to receive dividends if declared, at a rate of 70% of prime interest rate on R100 being the deemed value of the issue price of the preference share held. Preference shareholders receive dividends in priority to any payment of dividends to the holder of any other class of shares in the capital of the company not ranking prior or pari passu with the perpetual preference shares. |
|
|
|
| |
|
|
|
| An ordinary dividend will not be declared by Investec Limited unless the preference dividend has been declared. If declared preference dividends are payable semi-annually at least seven business days prior to the date on which Investec Limited pays its ordinary dividends, if any, but shall be payable no later than 120 business days after 31 March and 30 September respectively. |
|
|
|
| |
|
|
|
| Investec plc |
|
|
|
| |
|
|
|
| Authorised |
|
|
|
| |
|
|
|
| 100 000 000 (2007:100 000 000) non-redeemable, non-cumulative, non-participating preference shares of one pence each. |
|
|
|
| |
|
|
|
| Issued by Investec plc |
|
|
|
| |
|
|
|
| 9 381 149 (2007: 9 381 149) non-redeemable, non-cumulative, non-participating preference shares of £0.01 each, issued at a premium of £8.58 per share. |
|
79 584 |
79 584 |
| |
|
|
|
| 5 700 000 (2007:5 700 000) non-redeemable, non-cumulative, non-participating preference shares of £0.01 each, issued at a premium of £8.86 per share. |
|
49 974 |
49 974 |
| |
|
|
|
| Preference shareholders will receive an annual dividend if declared, based on the coupon rate (being equivalent to the base rate plus 1%) multiplied by the deemed value of £10, on a daily basis and payable in two semi-annual instalments. |
|
|
|
| |
|
|
|
| An ordinary dividend will not be declared by Investec plc unless the preference dividend has been declared. If declared preference dividends are payable semi-annually at least seven business days prior to the date on which Investec plc pays its ordinary dividends, if any, but shall be payable no later than 120 business days after 31 March and 30 September respectively. |
|
272 335 |
292 173 |
print
this page
e-mail
this page
