Investec PLC Director/PDMR Shareholding (4615K)

TIDMINVP

RNS Number : 4615K

Investec PLC

07 July 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 A DIRECTOR IN INVESTEC LIMITED ORDINARY SHARES.

Bernard Kantor entered into a zero premium collar on the 6(th) July 2017 and the following information in relation to Bernard Kantor's direct beneficial interests is disclosed:

 
 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               Ordinary shares of ZAR0.0002 
       instrument, type            each (INL Shares) 
       of instrument 
                                   ZAE000081949 
       Identification 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Zero premium collar - purchase 
       transaction                of 600,000 put options at 
                                  a strike price of ZAR100.00 
                                  per share expiring on 1 December 
                                  2018 and sale of 600,000 
                                  call options at a strike 
                                  price of ZAR120.00 per share 
                                  expiring on 1 December 2018 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)               Volume(s) 
                                   ---------------------  ---------- 
                                    PURCHASE OF 
                                     PUT OPTIONS: 
                                     STRIKE PRICE 
                                     OF ZAR100.00          600,000 
                                   ---------------------  ---------- 
                                    SALE OF CALL 
                                     OPTIONS: STRIKE 
                                     PRICE OF ZAR120.00    600,000 
                                   ---------------------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information 
 
 
       - Aggregated volume         PUT OPTIONS - 600,000 
                                   CALL OPTIONS - 600,000 
 
       - Price                     PUT OPTIONS - STRIKE PRICE 
                                   OF ZAR100.00 
                                   CALL OPTIONS - STRIKE PRICE 
                                   OF ZAR120.00 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    6 July 2017 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   Johannesburg 
---  -------------------------  ------------------------------------ 
 

Clearance was obtained for the above dealings in securities.

Johannesburg and London

7 July 2017

Sponsor:

Investec Bank Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUGUCCMUPMGUM

(END) Dow Jones Newswires

July 07, 2017 10:00 ET (14:00 GMT)