Investec PLC Director/PDMR Shareholding (2268B)

TIDMINVP

RNS Number : 2268B

Investec PLC

31 March 2017

 
 Investec Limited                      Investec plc 
  Incorporated in the Republic          Incorporated in England 
  of South Africa                       and Wales 
  Registration number 1925/002833/06    Registration number 3633621 
  JSE share code: INL                   LSE share code: INVP 
  NSX share code: IVD                   JSE share code: INP 
  BSE share code: INVESTEC              ISIN: GB00B17BBQ50 
  ISIN: ZAE000081949 
 

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 DIRECTOR IN INVESTEC LIMITED ORDINARY SHARES.

Investec has been advised that, pursuant to a realignment of B Kantor's portfolio, the nature of B Kantor's interest over 900,000 Investec Limited ordinary shares of ZAR0.0002 each (the INL Shares) has changed from indirect beneficial to direct beneficial. Furthermore, pursuant to the portfolio realignment, B Kantor has disposed 500,000 INL Shares.

Following the transaction, B Kantor has interests over 2,300,500 INL Shares and 1,164,359 Investec plc ordinary shares of GBP0.0002 each (the INP 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       Initial notification 
       /Amendment 
---  -------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                       Investec Limited 
---  -------------------------  -------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  -------------------------------- 
 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               INL Shares 
       instrument, type 
       of instrument               ZAE000081949 
 
       Identification 
       code 
---  -------------------------  -------------------------------- 
 b)   Nature of the              Change in interest over 900,000 
       transaction                INL Shares from indirect 
                                  to direct beneficial 
---  -------------------------  -------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    ZAR94.63    900,000 
                                   ----------  ---------- 
---  -------------------------  -------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         900,000 
 
 
       - Price                     ZAR94.63 
---  -------------------------  -------------------------------- 
 e)   Date of the transaction    28 March 2017 
---  -------------------------  -------------------------------- 
 f)   Place of the transaction   Johannesburg 
---  -------------------------  -------------------------------- 
 

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following additional information is disclosed in respect of the transaction as disclosed above:

 
 Volume weighted average 
  price                       ZAR94.63 
---------------------------  -------------------- 
 Total value of transaction   ZAR85,167,000 
---------------------------  -------------------- 
 Highest price                ZAR94.63 
---------------------------  -------------------- 
 Lowest price                 ZAR94.63 
---------------------------  -------------------- 
 Nature of interest           Indirect beneficial 
---------------------------  -------------------- 
 Nature of the transaction    Off-market 
---------------------------  -------------------- 
 

As noted above, B Kantor disposed of 500,000 INL 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       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Investec Limited 
---  -------------------------  ------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ------------------------------- 
 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               INL Shares 
       instrument, type 
       of instrument               ZAE000081949 
 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Disposal of 500,000 INL Shares 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    ZAR94.63    500,000 
                                   ----------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         500,000 
 
 
       - Price                     ZAR94.63 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    28 March 2017 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Johannesburg 
---  -------------------------  ------------------------------- 
 

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following additional information is disclosed in respect of the transaction as disclosed above:

 
 Volume weighted average 
  price                       ZAR94.63 
---------------------------  -------------------- 
 Total value of transaction   ZAR47,315,000 
---------------------------  -------------------- 
 Highest price                ZAR94.63 
---------------------------  -------------------- 
 Lowest price                 ZAR94.63 
---------------------------  -------------------- 
 Nature of interest           Indirect beneficial 
---------------------------  -------------------- 
 Nature of the transaction    Off-market 
---------------------------  -------------------- 
 

Clearance was obtained for the above dealings in securities.

Johannesburg and London

31 March 2017

Sponsor:

Investec Bank Limited

This information is provided by RNS

The company news service from the London Stock Exchange

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March 31, 2017 11:00 ET (15:00 GMT)