INVESTEC LIMITED - Transactions by PDMR in Investec Limited Ordinary Shares

Transactions by PDMR in Investec Limited Ordinary Shares

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

On the 6th 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 6th
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 /Amendment       Initial notification


    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, type of instrument        Ordinary shares of ZAR0.0002 each (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             600,000
                                            OPTIONS: STRIKE
                                            PRICE OF ZAR100.00
                                            RESULTING IN SALE



    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 price        ZAR100.00 per share
   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

Date: 03/12/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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