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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Investec Plc | LSE:INVP | London | Ordinary Share | GB00B17BBQ50 | ORD GBP0.0002 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.50 | 0.89% | 512.50 | 512.50 | 513.50 | 516.50 | 505.00 | 516.50 | 626,483 | 16:35:11 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 1.3B | 292.79M | 0.3267 | 15.72 | 4.6B |
TIDMINVP
RNS Number : 8552H
Investec PLC
12 June 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) 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 and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
On 8 June 2017, the Remuneration Committee of Investec met and agreed the awards of conditional shares 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. Executive Directors: interests in Investec plc Ordinary Shares
1.1 Award of forfeitable shares to S Koseff, B Kantor and GR Burger (together the "Executive Directors")
On 8 June 2017 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following forfeitable share award (being the deferred portion of the Executive Directors' short term incentive awards) in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five year period from date of award.
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1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name
Stephen Koseff and 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 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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of 191 745 forfeitable
transaction shares for nil consideration
to each of Stephen Koseff
and Bernard Kantor
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------------
Nil 191,745 to
each of Stephen
Koseff and
Bernard Kantor
--------- -----------------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 191,745 each
- Price Nil
--- ------------------------- -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- -------------------------------
f) Place of the transaction London
--- ------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name
Glynn Burger
--- ------------------------- -------------------------------
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 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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of 168,081 forfeitable
transaction shares for nil consideration
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 168,081
---------- ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 168,081
- Price Nil
--- ------------------------- -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- -------------------------------
f) Place of the transaction London
--- ------------------------- -------------------------------
1.2 Award of fixed allowance shares to the Executive Directors
Pursuant to the Executive Directors' remuneration policy approved by shareholders, each of the Executive Directors are to receive a contractual annual fixed allowance of GBP1 million each, payable in shares (the "Fixed Allowance Shares") and accordingly, on 8 June 2017, Investec made the following share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Plan. These shares will vest on award and will be released in five equal tranches in each of the five years following the year of award.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name
Stephen Koseff, Bernard Kantor
and Glynn Burger
--- ------------------------- ---------------------------------
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 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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- ---------------------------------
b) Nature of the Award of fixed allowance
transaction of 170,358 shares for nil
consideration, to each of
Stephen Koseff, Bernard Kantor
and Glynn Burger, to vest
on award and be released
over a period of five years
following the year of award
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------------
Nil 170,358 to
each of Stephen
Koseff, Bernard
Kantor and
Glynn Burger
--------- -----------------
--- ------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume 170,358 each
- Price Nil
--- ------------------------- ---------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- ---------------------------------
f) Place of the transaction London
--- ------------------------- ---------------------------------
1.3 Award of conditional shares to the Executive Directors
Pursuant to the Executive Directors' remuneration policy approved by shareholders, new long-term Incentive awards of conditional shares have been made to the Executives, as set out below.
In accordance with the Plan rules, the awards are at nil cost and will vest in five tranches from years three to seven following the year of award
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name
Stephen Koseff and 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 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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of 290,781 conditional
transaction shares to each of Stephen
Koseff and Bernard Kantor
for nil consideration to
vest in five tranches from
08 June 2020 to 08 June 2024
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------------
290,781 to
Nil each of Stephen
Koseff and
Bernard Kantor.
--------- -----------------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 290,781 each
- Price Nil
--- ------------------------- -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- -------------------------------
f) Place of the transaction London
--- ------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name
Glynn Burger
--- ------------------------- -------------------------------
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 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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of 259,914 conditional
transaction shares for nil consideration
to vest in five tranches
from 08 June 2020 to 08 June
2014
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 259,914
---------- ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 259,914
- Price Nil
--- ------------------------- -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- -------------------------------
f) Place of the transaction London
--- ------------------------- -------------------------------
2. PDMRs and Company Secretary: interests in Investec plc Ordinary Shares
2.1 Award of forfeitable shares to PDMRs
On 8 June 2017, Investec made forfeitable share awards (being the deferred portion of short term incentive awards) in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five year period from year of award.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name
David van der Walt
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status PDMR
--- ------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of 136,378 forfeitable
transaction shares for nil consideration
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 136,378
---------- ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 136,378
Nil
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------- -------------------------------
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 PDMR
--- ------------------------ -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 102,215 forfeitable
transaction shares for nil consideration
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 102,215
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 102,215
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
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 Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 26,206 forfeitable
transaction shares for nil consideration
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 26,206
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 26,206
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
2.2 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the year of award:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name
Stephen Elliott
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 125,000 conditional
transaction shares for nil consideration
to vest in three equal
tranches on the third,
fourth and fifth years
from the date of award.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 125,000
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 125,000
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally between years three to seven from award date. The awards are subject to a further six month retention period after vesting.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name David van der Walt
--- ------------------------ ------------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status PDMR
--- ------------------------ ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ ------------------------------
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 Ordinary shares of GBP0.0002
the financial each
instrument, type GB00B17BBQ50
of instrument
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Award of 125,000 conditional
transaction shares for nil consideration
which vest equally in years
three to seven and are
subject to a six month
retention period
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 125,000
---------- ----------
--- ------------------------ ------------------------------
d) Aggregated information 125,000
- Aggregated Nil
volume
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ ------------------------------
f) Place of the London
transaction
--- ------------------------ ------------------------------
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year five from date of award and are subject to a further six month retention period after vesting.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Ciaran Whelan
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
the financial each
instrument, type GB00B17BBQ50
of instrument
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 125,000 conditional
transaction shares for nil consideration
which vest equally in years
two and half, three and
a half and year five from
date of award and are subject
to a further six month
retention period after
vesting
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 125,000
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information 125,000
- Aggregated Nil
volume
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year four and a half from date of award and are subject to a further six month retention period after vesting.
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 Initial Notification
/Amendment
--- ------------------------ ------------------------------
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 Ordinary shares of GBP0.0002
the financial each
instrument, type GB00B17BBQ50
of instrument
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Award of 75,000 conditional
transaction shares for nil consideration
which vest equally in years
two and half, three and
a half and year four and
a half from date of award
and are subject to a further
six month retention period
after vesting.
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 75,000
---------- ----------
--- ------------------------ ------------------------------
d) Aggregated information 75,000
- Aggregated Nil
volume
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ ------------------------------
f) Place of the London
transaction
--- ------------------------ ------------------------------
2.3 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest in years six and seven from award date.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name
David van der Walt
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 44,670 conditional
transaction shares for nil consideration
which vest in years six
and seven and are subject
to a six month retention
period
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 44,670
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 44,670
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
2.4 Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, David van der Walt and Marc Kahn disposed of the following number of forfeitable shares on 8 June 2017:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name
David van der Walt
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the On market sale of 32,675
transaction ordinary shares in order
to settle a tax liability
related to prior year share
awards which have now vested.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP5.72 32,675
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 32,675
volume
GBP187,100.32
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:
Number of shares 32,675
-------------------- ---------------------
Volume weighted GBP5.72
average selling
price
-------------------- ---------------------
Total value of GBP187,100.32
transaction
-------------------- ---------------------
Highest price GBP5.75
-------------------- ---------------------
Lowest price GBP5.71
-------------------- ---------------------
Nature of interest Direct beneficial
-------------------- ---------------------
Date and place 08 June 2017, London
of transaction
-------------------- ---------------------
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 Initial Notification
/Amendment
--- ------------------------ -------------------------------
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 Ordinary shares of GBP0.0002
instrument, type each
of instrument
GB00B17BBQ50
Identification
code
--- ------------------------ -------------------------------
b) Nature of the On market sale of 8,324
transaction ordinary shares in order
to settle a tax liability
related to prior year share
awards which have now vested.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP5.72 8,324
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated
volume 8,324
GBP47,664.06
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the London
transaction
--- ------------------------ -------------------------------
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:
Number of shares 8,324 -------------------- --------------------- Volume weighted GBP5.72 average selling price -------------------- --------------------- Total value of GBP47,664.06 transaction -------------------- --------------------- Highest price GBP5.75 -------------------- --------------------- Lowest price GBP5.71 -------------------- --------------------- Nature of interest Direct beneficial -------------------- --------------------- Date and place 08 June 2017, London of transaction -------------------- --------------------- 2.5 Award of forfeitable shares in Investec plc ordinary shares to 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 8 June 2017, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. 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 15000
-------------------- ----------------------
3. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
3.1 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Richard Wainwright
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
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 Ordinary shares of ZAR0.0002
instrument, type each
of instrument
ZAE000081949
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 125,000 conditional
transaction shares for nil consideration
to vest in three equal
tranches in the third,
fourth and fifth years
from the date of award.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 125,000
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 125,000
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the Johannesburg
transaction
--- ------------------------ -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Nishlan Samujh
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR
--- ------------------------ -------------------------------
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 Ordinary shares of ZAR0.0002
instrument, type each
of instrument
ZAE000081949
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Award of 75,000 conditional
transaction shares for nil consideration
to vest in three equal
tranches in the third,
fourth and fifth years
from the date of award.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 75,000
---------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
- Aggregated 75,000
volume
Nil
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 08 June 2017
--- ------------------------ -------------------------------
f) Place of the Johannesburg
transaction
--- ------------------------ -------------------------------
3.2 Award of forfeitable shares in Investec Limited ordinary shares to 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 8 June 2017, 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. 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 15000
-------------------- ----------------------
3.3 Disposal of Investec Limited ordinary shares
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 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 Ordinary shares of ZAR0.0002
the financial each
instrument, type ZAE000081949
of instrument
Identification
code
---- ------------------------- ------------------------------
b) Nature of the On market sale of 93,750
transaction shares following the vesting
and exercise of nil cost
options in terms of the
Investec Limited Incentive
Share Incentive Plan.
---- ------------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
ZAR96.06 93,750
---------- ----------
---- ------------------------- ------------------------------
d) Aggregated information 93,750
- Aggregated
volume 96.06
- Price
------------------------------ ------------------------------
e) Date of the transaction 08 June 2017
---- ------------------------- ------------------------------
f) Place of the Johannesburg
transaction
---- ------------------------- ------------------------------
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:
Number of shares 93,750 -------------------- --------------------------- Volume weighted ZAR96.06 average selling price -------------------- --------------------------- Total value of ZAR9,006,159.38 transaction -------------------- --------------------------- Highest price ZAR96.65 -------------------- --------------------------- Lowest price ZAR95.60 -------------------- --------------------------- Nature of interest Direct beneficial -------------------- --------------------------- Date and place 08 June 2017, Johannesburg of transaction -------------------- ---------------------------
12 June 2017
Sponsor:
Investec Bank Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGGUAAQUPMGCP
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June 12, 2017 11:30 ET (15:30 GMT)
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