Investec PLC Director/PDMR Shareholding (2694J)

TIDMINVP

RNS Number : 2694J

Investec PLC

03 December 2018

 
 Investec Limited                         Investec plc 
  Incorporated in the Republic of South    Incorporated in England and 
  Africa                                   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 PDMR IN INVESTEC LIMITED ORDINARY SHARES.

On the 6(th) July 2017 Investec disclosed information in relation to Bernard Kantor's direct beneficial interests in Investec Limited ordinary shares as a result of Mr Kantor entering into a zero premium collar on the 6(th) July 2017 (the "Collar Transaction"). Pursuant to the Collar Transaction, Mr Kantor has advised that he has exercised put options at a strike price of ZAR100.00 per share resulting in the sale of 600,000 Investec Limited ordinary shares on 3 December 2018. Accordingly, we disclose the following in relation to Mr Kantor's interests in Investec Limited ordinary 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                          213800CU7SM6O4UWOZ70 
     ---------------------------  -------------------------------------- 
 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 instrument,         Ordinary shares of ZAR0.0002 each 
       type of instrument            (INL Shares) 
 
       Identification code           ZAE000081949 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Exercise of 600,000 put options over 
                                    Investec Limited ordinary shares 
                                    at a strike price of ZAR100.00 per 
                                    share resulting in the disposal of 
                                    600,000 shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)               Volume(s) 
                                      EXERCISE OF PUT 
                                       OPTIONS: STRIKE 
                                       PRICE OF ZAR100.00 
                                       RESULTING IN SALE     600,000 
                                                            ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume           600,000 
 
 
       - Price                       STRIKE PRICE OF ZAR100.00 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      3 December 2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Johannesburg 
     ---------------------------  -------------------------------------- 
 

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:

 
 Number of shares                   600,000 
 Volume weighted average selling    ZAR100.00 per share 
  price 
                                   ------------------------------ 
 Total value of transaction         ZAR60,000,000.00 
                                   ------------------------------ 
 Highest price                      ZAR100.00 
                                   ------------------------------ 
 Lowest price                       ZAR100.00 
                                   ------------------------------ 
 Nature of interest                 Direct beneficial 
                                   ------------------------------ 
 Date and place of transaction      3 December 2018, Johannesburg 
                                   ------------------------------ 
 

Clearance was obtained for the above dealings in securities.

Johannesburg and London

3 December 2018

Sponsor:

Investec Bank Limited

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December 03, 2018 10:00 ET (15:00 GMT)