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Transactions in Investec plc 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) 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 Guidance and Transparency
Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE Listings
Requirements.
On 28 February 2020, 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. Interests in Investec plc Ordinary Shares
1.1 Award of conditional shares to H du Toit, K McFarland,
On 28 February 2020 and 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. These conditional share awards vest in
the years three to seven from award date and are subject to a further twelve month
retention period after each vesting date.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Hendrik du Toit
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
instrument, type of Ordinary shares of GBP0.0002 each
instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction Award of 278,352 conditional shares for nil
consideration to Hendrik du Toit. These conditional
share awards vest evenly in the third to seventh
year from award date and are subject to a further
twelve month retention period after each vesting
date.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 278,352 to Hendrik du
Toit
d) Aggregated information
- Aggregated volume 278,352 each
- Price Nil
e) Date of the transaction 28 February 2020
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Kim McFarland
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
instrument, type of Ordinary shares of GBP0.0002 each
instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction Award of 222,765 conditional shares for nil
consideration to Kim McFarland. These conditional
share awards vest evenly in the third to seventh
year from award date and are subject to a further
twelve month retention period after each vesting
date.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 222,765 to Kim
McFarland
d) Aggregated information
- Aggregated volume 222,765
- Price Nil
e) Date of the transaction 28 February 2020
f) Place of the transaction London
1.2 Award of fixed remuneration shares to the Executive Director
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, the
Executive Director is to receive a contractual annual fixed remuneration award of £609,590,
payable in shares (the “Fixed Remuneration Shares”) and accordingly, on 28 February
2020, Investec made the following share award in respect of ordinary shares in the capital
of Investec plc for nil consideration pursuant to the Plan. These shares will on award and
will be released in two equal tranches in each of the two years following the year of award.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Hendrik du Toit
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
instrument, type of Ordinary shares of GBP0.0002 each
instrument
Identification code GB00B17BBQ50
b) Nature of the transaction Award of fixed remuneration of 139,176 shares for
nil consideration, to vest on award and be released
over a period of two years following the year of
award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 139,176 to Hendrik du
Toit
d) Aggregated information
- Aggregated volume 139,176
- Price Nil
e) Date of the transaction 28 February 2020
f) Place of the transaction London
1.3 Award of fixed remuneration shares to the Executive Director
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, the
Executive Director is to receive a contractual annual fixed remuneration award of £487,855,
payable in shares (the “Fixed Remuneration Shares”) and accordingly, on 28 February
2020, 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 two equal tranches in each of the two years following the year of
award.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Kim McFarland
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
instrument, type of Ordinary shares of GBP0.0002 each
instrument
Identification code GB00B17BBQ50
b) Nature of the transaction Award of fixed remuneration of 111,383 shares for
nil consideration, to each of the Directors, to vest on
award and be released over a period of two years
following the year of award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 111,383 to Kim
McFarland
d) Aggregated information
- Aggregated volume 111,383
- Price Nil
e) Date of the transaction 28 February 2020
f) Place of the transaction London
03 March 2020
Sponsor:
Investec Bank Limited
Date: 03-03-2020 04:30:00
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