Rule 8.1- (Investec plc)

RNS Number : 9694J
Investec PLC
09 April 2010
 



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

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

 

Disclosure in accordance with Rule 8.1 of the UK City Code on Takeovers and Mergers (the "City Code")

As part of the dual listed company ("DLC") structure, disclosures made pursuant to requirements applicable to the London Stock Exchange or the JSE Limited are released on both exchanges.

We therefore advise of the following in accordance with Rule 8.1 of the City Code:

 

                                                                                                                                                FORM 8.1                                                                 

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the City Code on Takeovers and Mergers)

 

 

1.         KEY INFORMATION

 

Name of person dealing (Note 1)

INVESTEC PLC (DEALINGS BY INVESTEC BANK PLC & INVESTEC SECURITIES LTD)

Company dealt in

INVESTEC PLC

Class of relevant security to which the dealings being disclosed relate (Note 2)

ORDINARY SHARES

Date of dealing

08 APRIL 2010

 

 

2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

 

(a)        Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

 

 

 

Long

Short

 

 

Number                                    

(%)

Number                                        

(%)

(1) Relevant securities

 

46,311,617

9.8303

0                      

0.0000

(2) Derivatives (other than options)

 





(3) Options and agreements to purchase/sell

 

527,100                                 

0.1119

4,193,300

0.8901

Total

 

46,838,717

9.9421

4,193,300

0.8901

 

(b)  Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

 

Class of relevant security:

INVESTEC LTD ORDINARY SHARES

Long

Short

 

 

Number                                    

(%)

Number                                        

(%)

(1) Relevant securities

 

20,297,550

8.0598

0

0.0000

(2) Derivatives (other than options)

 





(3) Options and agreements to purchase/sell

 

0         

0.00

88,900            

0.0353

Total

 

20,297,550

8.0598

88,900

0.0353

 

(c)        Rights to subscribe (Note 3)

Class of relevant security:

Ordinary shares  GBP0.0002

Details

1,643,900

Staff share options

 

 

3.         DEALINGS (Note 4)

 

(a)        Purchases and sales

 

Purchase/sale

 

Number of securities

 

Price per unit (Note 5)

 

 

INVESTEC BANK PLC

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Sale

 

INVESTEC SECURITIES LTD

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Purchase

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

Sale

 

 

 

 

5,000

12,444

11,912

16,644

6,000

5,000

13,000

5,000

75,000

 

 

1,387

1,070

30

1,070

1,400

1,070

1,000

75,000

1,070

105

1,070

1,070

1,070

1,070

1,070

1,070

2,140

500

1,070

3,700

5,000

16,912

8,000

1,150

7,941

1,147

11,214

1,786

743

320

6,885

80

13,000

3,115

 

 

 

 

543p

543.5p

544p

544.5p

545.5p

546.5p

547.5p

548p

545.68p

 

 

ZAR 60.59

ZAR 60.65

ZAR 60.70

ZAR 60.75

ZAR 60.75

ZAR 60.76

ZAR 60.80

ZAR 60.83

ZAR 60.83

ZAR 60.85

ZAR 60.87

ZAR 60.88

ZAR 60.89

ZAR 60.94

ZAR 60.95

ZAR 60.97

ZAR 60.99

ZAR 61.00

ZAR 61.00

ZAR 60.61

ZAR 60.65

ZAR 60.70

ZAR 60.75

ZAR 60.75

ZAR 60.80

ZAR 60.84

ZAR 60.85

ZAR 60.86

ZAR 60.91

ZAR 60.92

ZAR 60.95

ZAR 60.97

ZAR 61.00

ZAR 61.10

 

 

 (b)       Derivatives transactions (other than options)

 

Product name,

e.g. CFD

Long/short (Note 6)

Number of securities (Note 7)

Price per unit (Note 5)

 

 




 

 

(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying

 

Product name,

e.g. call option

 

Writing, selling,  purchasing, varying etc.

Number of securities to which the option relates (Note 7)

Exercise

price

Type, e.g. American, European etc.

Expiry

date

Option money

paid/received per unit (Note 5)

Futures

Purchasing

400


European

17/06/2010


 

 

(ii)        Exercising

 

Product name, e.g. call option

Number of securities

Exercise price per unit (Note 5)



 

 

 

(d)        Other dealings (including new securities) (Note 4)

 

Nature of transaction (Note 8)

 

Details

Price per unit (if applicable) (Note 5)

 

 



 

 

 

4.         OTHER INFORMATION

 

Agreements, arrangements or understandings relating to options or derivatives

 

 

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none, this should be stated. 

 

 

 

 

 

Is a Supplemental Form 8 attached? (Note 9)                                                 YES

 

 

Date of disclosure

09/04/2010

Contact name

IAN WRIGHT

Telephone number

020 7597 3865

Name of offeree/offeror with which associated

INVESTEC PLC

Specify category and nature of associate status (Note 10)

OFFEROR

 

 

 



 

SUPPLEMENTAL FORM 8

                                                                                                                                    

 

DETAILS OF OPEN POSITIONS

(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)

 

 

 

 

OPEN POSITIONS (Note 1)

 

Product name,

e.g. call option

 

Written or purchased

 

Number of securities to which the option or derivative relates

Exercise price (Note 2)

 

Type, e.g. American, European etc.

Expiry date

Call Options

Purchased

452,100

58Rand

American

17/06/2010

Call Options

Written

17,600

54Rand

American

17/06/2010

Call Options

Written

75,000

80Rand

European

15/10/2010

Put Options

Written

75,000

80Rand

European

15/10/2010

Futures

Written

269,100


European

17/06/2010

Futures

Written

101,000


European

16/09/2010

Futures

Written

1,865,800


European

15/12/2010

Futures

Written

360,100


European

17/03/2011

Futures

Written

1,504,700


European

17/06/2010

 

Notes

 

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.  Full details of any  existing agreements to purchase or to sell  should also be given on this form.  

 

2. For all prices and other monetary amounts, the currency must be stated.

 

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

 


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