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Investec Discloses Share Acquisitions for Incentive Plan Compliance

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Investec Discloses Share Acquisitions for Incentive Plan Compliance

Investec ( (GB:INVP) ) just unveiled an announcement.

Investec has disclosed details of indirect beneficial on-market acquisitions of its ordinary shares to satisfy obligations under the Investec Limited Share Incentive Plan 2021. The transactions involved acquiring a total of 521,140 shares over three days, with a combined value of approximately ZAR63 million. These acquisitions are part of regulatory compliance with the JSE Listings Requirements and demonstrate Investec’s commitment to fulfilling its share incentive plan obligations.

More about Investec

Investec is a financial services company incorporated in both South Africa and the United Kingdom. It operates under a dual-listed company structure and is involved in various financial markets, including the London Stock Exchange and the Johannesburg Stock Exchange. The company provides a range of financial products and services, including asset management, wealth management, and investment banking.

YTD Price Performance: -4.96%

Average Trading Volume: 969,766

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £9.49B

For detailed information about INVP stock, go to TipRanks’ Stock Analysis page.

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