Investec PLC Director/PDMR Shareholding (3758Z)

TIDMINVP

RNS Number : 3758Z

Investec PLC

14 December 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 Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

TRANSACTION BY A PDMR IN INVESTEC PLC ORDINARY SHARES.

Investec has been advised that David van der Walt disposed of the following number of ordinary shares in Investec plc (INP Shares) on 13 December 2017 in order to settle a tax liability related to prior year share awards which have now vested. At the same time, David van der Walt took up shares per the disclosure below.

 
 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 
       of instrument 
       Identification 
       code 
                                 GB00B17BBQ50 
---  ------------------------  ----------------------------- 
 b)   Nature of the             On Market Sale of shares 
       transaction               to cover taxation due on 
                                 vesting of conditional 
                                 awards. 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   GBP4.75     23,547 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information     23,547 
       - Aggregated               GBP4.75 
       volume 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   13 December 2017 
---  ------------------------  ----------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ----------------------------- 
 
 
 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 
       of instrument 
       Identification 
       code 
                                 GB00B17BBQ50 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Take up of shares on vesting 
       transaction               of conditional awards. 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   GBP4.75     26,453 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information     26,453 
       - Aggregated               GBP4.75 
       volume 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   13 December 2017 
---  ------------------------  ----------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ----------------------------- 
 

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

 
 Transaction Dated            13 December 2017 
---------------------------  ------------------ 
 Volume weighted average 
  price                       GBP4.75 
---------------------------  ------------------ 
 Total value of transaction   GBP111,894.71 
---------------------------  ------------------ 
 Highest price                GBP4.774 
---------------------------  ------------------ 
 Lowest price                 GBP4.724 
---------------------------  ------------------ 
 Nature of interest           Direct beneficial 
---------------------------  ------------------ 
 
 
 Transaction Dated            13 December 2017 
---------------------------  ------------------ 
 Volume weighted average 
  price                       GBP4.75 
---------------------------  ------------------ 
 Total value of transaction   GBP125,703.94 
---------------------------  ------------------ 
 Highest price                GBP4.774 
---------------------------  ------------------ 
 Lowest price                 GBP4.724 
---------------------------  ------------------ 
 Nature of interest           Direct beneficial 
---------------------------  ------------------ 
 

Clearance was obtained for the above dealings in securities.

Johannesburg and London

14 December 2017

Sponsor:

Investec Bank Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 14, 2017 09:00 ET (14:00 GMT)