Director/PDMR Shareholding

Investec PLC
26 May 2023
 

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) across the group, 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 Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

 

On 24 May 2023, the Remuneration Committee of Investec met and agreed the awards to Investec staff. Accordingly, we advise of the following transactions in shares:

 


 

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")  

 

1.   Interests in Investec plc Ordinary Shares - Executive Directors

 

 On 25 May 2023 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following award in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021 (the "Plan).

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Fani Titi

 

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 plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

 

217 224

220 365

188 236

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

625 825

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 

 


 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nishlan Samujh

 

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 plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

 

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

 

151 447

167 860

122 353

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

441 660

 

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 

 


 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ciaran Whelan

 

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 plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

 

171 596

171 045

150 589

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

493 230

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 



 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Wainwright

 

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 plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

3.   Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

 

171 435

170 660

150 589

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

492 684

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 

 


 

 

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")  

 

2.   Interests in Investec plc Ordinary Shares - PDMRs

 

 On 25 May 2023 and pursuant to the Executive remuneration policy approved by the shareholders, Investec made the following award in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021 (the "Plan).

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ruth Leas

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Investec plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

67 874

163 044

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

230 918

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 

 



 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Marc Kahn

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Investec plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021, relating to the period and designation as 'junior MRT'. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021, relating to the period and designation as 'senior MRT'. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

3.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021, relating to the period and designation as 'junior MRT'. Issued for nil consideration with deferred vesting period in each of years 1 to 4 from award. Subject to 12 month retention period upon vesting.

 

4.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021, relating to the period and designation as 'senior MRT'. Issued for nil consideration with deferred vesting period in each of years 1 to 5 from award. Subject to 6 month retention period upon vesting.

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

3.   Nil

4.   Nil

 

12 139

36 550

22 232

70 238

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

141 159

 

Nil

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 



 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Lyndon Subroyen

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Investec plc

b)

 

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

47 059

226 087

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

273 146

 

Nil

 

e)

 

Date of the transaction

 

 

25 May 2023

f)

 

Place of the transaction

 

 

London

 



 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Mark Currie

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

b)

Initial notification /Amendment

 

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

 

Investec plc

b)

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.

 

 

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

43 847

210 653

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

254 500

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

London

 



 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Stuart Spencer

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

b)

Initial notification /Amendment

 

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

 

Investec plc

b)

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 4 from award. Subject to 12 month retention period upon vesting.

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

46 290

169 559

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

215 849

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

London

 



 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Lesley-Anne Gatter

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

b)

Initial notification /Amendment

 

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

 

Investec plc

b)

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 4 from award subject to a 12 month retention period upon vesting.

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

15 993

13 019

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

29 012

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

London

 



 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Abey Mokgwatsane

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

b)

Initial notification /Amendment

 

 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

 

 

Investec plc

b)

LEI

 

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.

 

2.   Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 5 from award subject to a 6 month retention period upon vesting.

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

21 020

17 954

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

38 974

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

London

 



 

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")  

 

3.   Interests in Investec plc Ordinary Shares - Company Secretary

 

 

       In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec plc by the Company Secretary:

 

       On 25 May 2023, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to The Investec plc Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

 

Company Secretary:

Number of Forfeitable shares:

David Miller

11 313

 



 

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES") 

 

1.   Interests in Investec Limited Ordinary Shares - Directors of major subsidiaries

 

 On 25 May 2023 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan).

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Rupesh Govan

 

2

Reason for the notification

 

a)

Position/status

 

 

Director of Major Subsidiary

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

 

ZAE000081949

 

b)

Nature of the transaction

 

 

Award of forfeitable shares representing Long Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 5 from award.

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

 

 

18 945

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

18 945

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

Johannesburg

 



 

 

2.   Interests in Investec Limited Ordinary Shares - PDMRs

 

 On 25 May 2023 and pursuant to the Executive remuneration policy approved by the shareholders, Investec made the following award in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan).

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Henry Blumenthal

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

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

 

ZAE000081949

 

b)

Nature of the transaction

 

 

1.   Award of forfeitable shares representing the deferred component of Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 3 from award.

 

2.   Award of forfeitable shares representing Long Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 5 from award.

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

128 219

30 312

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

158 531

 

Nil

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

Johannesburg

 



 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Joubert Hay

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

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

 

ZAE000081949

 

b)

Nature of the transaction

 

 

 

1.   Award of forfeitable shares representing the deferred component of Short Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 3 from award.

 

2.   Award of forfeitable shares representing Long Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 5 from award.

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

76 727

19 892

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

96 619

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

Johannesburg

 



 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

 

 

Cumesh Moodliar

 

2

Reason for the notification

 

a)

Position/status

 

 

PDMR

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

 

ZAE000081949

 

b)

Nature of the transaction

 

 

 

1.   Award of forfeitable shares representing the deferred component of Short Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 1 to 3 from award.

2.   Award of forfeitable shares representing Long Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 5 from award.

c)

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

1.   Nil

2.   Nil

 

106 394

43 573

 

 

 

d)

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

149 967

 

Nil

 

e)

Date of the transaction

 

 

25 May 2023

f)

Place of the transaction

 

 

Johannesburg

 



 

 

3.   Interests in Investec Limited Ordinary Shares - Company Secretary

 

 

       In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec Limited by the Company Secretary:

 

       On 25 May 2023, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to The Investec Limited Share Incentive Plan 2021. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

 

Company Secretary:

Number of Forfeitable shares:

Niki van Wyk

11 313

 

On market sale of shares following the release of forfeitable shares

 

TRANSACTIONS BY A DIRECTOR IN INVESTEC PLC ORDINARY SHARES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Fani Titi

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 plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

102,302


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

102,302

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP435,808.57

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Ciaran Whelan

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 plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

80,814


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

80,814

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP344,269.26

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nishlan Samujh

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 plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

71,325


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

71,325

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP303,845.93

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Richard Wainwright

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 plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

80,738


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

80,738

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP343,945.49

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

TRANSACTIONS BY A PDMR IN INVESTEC PLC ORDINARY SHARES

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Ruth Leas

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

31,966


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

31,966

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP136,175.80

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Stuart Spencer

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

21,802


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

21,802

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP92,876.96

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mark Currie

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

20,652


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

20,652

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP87,977.93

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Marc Khan

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

22,931


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

22,931

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP97,686.52

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Lyndon Subroyen

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

22,164


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

22,164

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP94,419.08

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Lesley-Anne Gatter

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

7,534


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

7,534

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP32,094.99

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Abey Mokgwatsane

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Investec plc

b)

 

LEI

 

2138007Z3U5GWDN3MY22

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 GBP0.0002 each

 

GB00B17BBQ50

 

b)

 

Nature of the transaction

 

 

On market sale of shares following the release of forfeitable shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.26

9,901


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

9,901

 

GBP4.26

e)

 

Date of the transaction

 

25 May 2023

f)

 

Place of the transaction

 

London

 

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

 

Volume weighted average price

GBP4.26

Total value of transaction

GBP42,178.46

Highest price

GBP4.28

Lowest price

GBP4.22

Nature of interest

Direct beneficial

 

 

 

 

 

Clearance was obtained for the above dealings in securities.

 

 

Johannesburg and London

26 May 2023

 

Sponsor:

Investec Bank Limited

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Investec (INVP)
UK 100

Latest directors dealings