Rule 8.1- Investec Ltd
Investec PLC
22 June 2007
Investec Limited Investec plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL JSE share code: INP
ISIN: ZAE000081949 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) |See attached schedule |
+-----------------------------------+-----------------------------------------------------+
|Company dealt in |INVESTEC LTD |
+-----------------------------------+-----------------------------------------------------+
|Class of relevant security to which|ORDINARY SHARES |
|the dealings being disclosed relate| |
|(Note 2) | |
| | |
+-----------------------------------+-----------------------------------------------------+
|Date of dealing |See attached schedule |
| | |
+-----------------------------------+-----------------------------------------------------+
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 |See attached schedule |0 |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|(2) Derivatives (other than |0 |0 |
|options) | | |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|(3) Options and agreements to |0 |0 |
|purchase/sell | | |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|Total |See attached schedule |0 |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)
+-----------------------------------+-------------------------+---------------------------+
|Class of relevant security: | Long | Short |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
| |Number (%) |Number (%) |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|(1) Relevant securities |See attached schedule |0 |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|(2) Derivatives (other than |0 |0 |
|options) | | |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|(3) Options and agreements to |0 |0 |
|purchase/sell | | |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
|Total |See attached schedule |0 |
| | | |
| | | |
+-----------------------------------+-------------------------+---------------------------+
(c) Rights to subscribe (Note 3)
+-----------------------------------+-----------------------------------------------------+
|Class of relevant security: |Details |
| | |
|ORDINARY SHARES | |
+-----------------------------------+-----------------------------------------------------+
|See attached schedule | |
+-----------------------------------+-----------------------------------------------------+
3. DEALINGS (Note 4)
(a) Purchases and sales
+-----------------------------+----------------------------+------------------------------+
|Purchase/sale |Number of securities |Price per unit (Note 5) |
| | | |
| | | |
+-----------------------------+----------------------------+------------------------------+
|See attached schedule | | |
| | | |
| | | |
+-----------------------------+----------------------------+------------------------------+
(b) Derivatives transactions (other than options)
+----------------+-------------------+---------------------------+------------------------+
|Product name, |Long/short (Note 6)|Number of securities (Note |Price per unit (Note 5) |
| | |7) | |
|e.g. CFD | | | |
+----------------+-------------------+---------------------------+------------------------+
| | | | |
| | | | |
| | | | |
+----------------+-------------------+---------------------------+------------------------+
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
+---------------+-------------+----------------+--------+-----------+--------+-------------+
|Product name, |Writing, |Number of |Exercise|Type, e.g. |Expiry |Option money |
| |selling, |securities to | |American, | | |
|e.g. call |purchasing, |which the option|price |European |date |paid/received|
|option |varying etc. |relates (Note 7)| |etc. | |per unit |
| | | | | | |(Note 5) |
| | | | | | | |
+---------------+-------------+----------------+--------+-----------+--------+-------------+
| | | | | | | |
+---------------+-------------+----------------+--------+-----------+--------+-------------+
(ii) Exercising
+-----------------------------+----------------------------+------------------------------+
|Product name, e.g. call |Number of securities |Exercise price per unit (Note |
|option | |5) |
+-----------------------------+----------------------------+------------------------------+
| | | |
| | | |
| | | |
+-----------------------------+----------------------------+------------------------------+
(d) Other dealings (including new securities) (Note 4)
+-----------------------------+----------------------------+------------------------------+
|Nature of transaction (Note |Details |Price per unit (if applicable)|
|8) | |(Note 5) |
| | | |
| | | |
+-----------------------------+----------------------------+------------------------------+
|See attached schedule | | |
| | | |
| | | |
+-----------------------------+----------------------------+------------------------------+
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) NO
+--------------------------------------------------+---------------------------------------+
|Date of disclosure |22 JUNE 2007 |
| | |
+--------------------------------------------------+---------------------------------------+
|Contact name |DAVID BURFOOT |
| | |
+--------------------------------------------------+---------------------------------------+
|Telephone number |020 7597 4394 |
| | |
+--------------------------------------------------+---------------------------------------+
|Name of offeree/offeror with which associated |INVESTEC PLC |
+--------------------------------------------------+---------------------------------------+
|Specify category and nature of associate status |DIRECTOR OF ASSOCIATE |
|(Note 10) | |
| | |
+--------------------------------------------------+---------------------------------------+
Notes
The Notes on Form 8.1 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
Share Dealings
+-------------+-------------+-------------+-------------+-------------+------------------------+
|Director |Dealing date |Purchase/Sale|Number of |Price |Resultant Holding |
| | | |shares | +-------------+----------+
| | | | | |Number |Percentage|
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Simon Hebron |20/06/2007 |Sale - Plc |3,540 |97.00Rand |0 |0 |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Simon Hebron |20/06/2007 |Sale - Ltd |2,085 |94.43Rand |0 |0 |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Howard |20/06/2007 |Purchase - |3,000 |32.90Rand |25,295 -Plc |0 |
|Tradonsky | |Plc | | | | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Howard |20/06/2007 |Sale - Plc |1,930 |96.98Rand |25,295 - Plc |0 |
|Tradonsky | | | | | | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Howard |20/06/2007 |Sale - Ltd |2,890 |94.23Rand |0 |0 |
|Tradonsky | | | | | | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Anthony Rubin|15/06/2007 |Sale - Plc |7,500 |97.50Rand |5,505 Ltd |0 |
| | | | | | | |
| | | | | |5,245 Plc | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Jeremy |21/06/2007 |Sale - Pl |23,625 |£6.8932 |0 |0 |
|McKeown | | | | | | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Jeremy |21/06/2007 |Sale - Ltd |13,875 |96.02Rand |0 |0 |
|McKeown | | | | | | |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
|Selwyn Noik |21/06/2007 |Sale - Ltd |2,320 |95.0776Rand |8,900 |0 |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
| |21/06/2007 |Sale - Plc |3,930 |97.0261Rand |7,000 |0 |
+-------------+-------------+-------------+-------------+-------------+-------------+----------+
Option Dealings
+-------------+-------------+---------------+-------------+-------------+-----------------------+
|Director |Exercise Date|Product name |Number of |Price |Resultant Holding |
| | | |shares | +------------+----------+
| | | | | |Number |Percentage|
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Simon Hebron |20/06/2007 |Staff share |3,540 |32.90Rand |0 | |
| | |options - Plc | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Simon Hebron |20/06/2007 |Staff share |2,085 |32.90Rand |0 | |
| | |options - Ltd | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Howard |20/06/2007 |Staff share |4,930 |39.20Rand |40,635 |0 |
|Tradonsky | |options - Plc | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Howard |20/06/2007 |Staff share |2,890 |39.20Rand |83,735 |0 |
|Tradonsky | |options - Ltd | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Jeremy |21/06/2007 |Staff share |23,625 |£2.10 |113,955 |0 |
|McKeown | |options - Plc | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Jeremy |21/06/2007 |Staff share |13,875 |32.90Rand |0 |0 |
|McKeown | |options - Ltd | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Selwyn Noik |21/06/2007 |Staff share |2,320 |32.90Rand |2,445 |0 |
| | |options - Ltd | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
|Selwyn Noik |21/06/2007 |Staff share |3,930 |32.90Rand |2,475 |0 |
| | |options - Plc | | | | |
| | |shares | | | | |
+-------------+-------------+---------------+-------------+-------------+------------+----------+
Holdings
+-----------------+----------------+-------------------+
|Director |Relevant |Staff Share Options|
| |securities |/ LTIP |
+-----------------+----------------+-------------------+
|Simon Hebron |Plc - 0 |Plc - 50,000 |
+-----------------+----------------+-------------------+
|Simon Hebron |Ltd - 0 |Ltd - 0 |
+-----------------+----------------+-------------------+
|Howard Tradonsky |Plc - 25,295 |Plc - 40,635 |
+-----------------+----------------+-------------------+
|Howard Tradonsky |Ltd - 0 |Ltd - 83,735 |
+-----------------+----------------+-------------------+
|Anthony Rubin |Plc - 5,245 |Plc - 34,260 |
+-----------------+----------------+-------------------+
|Anthony Rubin |Ltd - 5,505 |Ltd - 20,115 |
+-----------------+----------------+-------------------+
|Jeremy McKeown |Plc - 0 |Plc - 113,955 |
+-----------------+----------------+-------------------+
|Jeremy McKeown |Ltd - 0 |Ltd - 0 |
+-----------------+----------------+-------------------+
|Selwyn Noik |Ltd - 8,900 |Ltd - 2,445 |
+-----------------+----------------+-------------------+
|Selwyn Noik |Plc - 7,000 |Plc - 2,475 |
+-----------------+----------------+-------------------+
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