Director/PDMR Shareholding

RNS Number : 2694J

Investec PLC

03 December 2018

 

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.

TRANSACTIONS BY PDMR IN INVESTEC LIMITED ORDINARY SHARES.

On the 6^th July 2017 Investec disclosed information in relation to Bernard Kantor's direct beneficial interests in Investec Limited ordinary shares as a result of Mr Kantor entering into a zero premium collar on the 6^th July 2017 (the "Collar Transaction"). Pursuant to the Collar Transaction, Mr Kantor has advised that he has exercised put options at a strike price of ZAR100.00 per share resulting in the sale of 600,000 Investec Limited ordinary shares on 3 December 2018. Accordingly, we disclose the following in relation to Mr Kantor's interests in Investec Limited ordinary shares:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bernard Kantor
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec Limited
b)	LEI	213800CU7SM6O4UWOZ70
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of ZAR0.0002 each (INL Shares) ZAE000081949
b)	Nature of the transaction	Exercise of 600,000 put options over Investec Limited ordinary shares at a strike price of ZAR100.00 per share resulting in the disposal of 600,000 shares
c)	Price(s) and volume(s)	Price(s) Volume(s) EXERCISE OF PUT OPTIONS: STRIKE PRICE OF ZAR100.00 RESULTING IN SALE 600,000
d)	Aggregated information - Aggregated volume - Price	600,000 STRIKE PRICE OF ZAR100.00
e)	Date of the transaction	3 December 2018
f)	Place of the transaction	Johannesburg

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:

Number of shares	600,000
Volume weighted average selling price	ZAR100.00 per share
Total value of transaction	ZAR60,000,000.00
Highest price	ZAR100.00
Lowest price	ZAR100.00
Nature of interest	Direct beneficial
Date and place of transaction	3 December 2018, Johannesburg

Clearance was obtained for the above dealings in securities.

Johannesburg and London

3 December 2018

Sponsor:

Investec Bank Limited

 

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