Director/PDMR Shareholding

RNS Number : 4738J

Investec PLC

28 June 2017

 

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE share code: INL NSX share code: IVD    BSE share code: INVESTEC ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50

As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") notify both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests) of (i) directors of both entities and the respective company secretaries, (ii) persons discharging managerial responsibilities (PDMRs) and persons closely associated with them, and (iii) in certain instances the directors of major subsidiaries of Investec Limited, in the securities of Investec plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

INTERESTS IN INVESTEC LIMITED ORDINARY SHARES.

As announced on 6 September 2016, Ciaran Whelan entered into a zero premium collar on the 5^th September 2016. The transaction involved the purchase of 338,333 put options over Investec Limited ordinary shares at a strike price of ZAR86.65 per share expiring on 5 September 2019 and the sale of 338,333 call options over Investec Limited ordinary shares at a strike price of ZAR164.64 per share expiring on 5 September 2019 (together the "2016 INL Transaction").

Investec Limited has been advised that, pursuant to the 2016 INL Transaction, agreement has been reached to reduce the strike price of the call options from ZAR164.64 to ZAR155.97 per share. There are no further changes to the 2016 INL Transaction.

INTERESTS IN INVESTEC PLC ORDINARY SHARES.

As announced on 6 September 2016, Ciaran Whelan entered into a zero premium collar on the 5^th September 2016. The transaction involved the purchase of 61,257 put options over Investec plc ordinary shares at a strike price of ZAR86.65 per share expiring on 5 September 2019 and sale of 61,257 call options over Investec plc ordinary shares at a strike price of ZAR164.64 per share expiring on 5 September 2019 (together the "2016 INP Transaction").

Investec plc has been advised that, pursuant to the 2016 INP Transaction, agreement has been reached to reduce the strike price of the call options from ZAR164.64 to ZAR155.97 per share. There are no further changes to the 2016 INP Transaction.

Clearance was obtained for the above dealings in securities.

Johannesburg and London

28 June 2017

Sponsor:

Investec Bank Limited

 

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