Wrap Text
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 LEI: 2138007Z3U5GWDN3MY22
LEI: 213800CU7SM6O4UWOZ70
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
Listing Requirements.
On 26 May 2021, the Remuneration Committee of Investec met and agreed the awards 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 – Executive Directors
1.1 Award of forfeitable shares to F Titi, C Whelan, R Wainwright and N Samujh (together the “Executive
Directors”)
On 27 May 2021 and pursuant to the Executive Directors’ remuneration policy approved by the
shareholders, Investec made the following forfeitable share award (being the upfront portion of the
Executive Directors’ short term incentive awards) in respect of ordinary shares in the capital of
Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the
“Plan”). These forfeitable share awards vest immediately on award and are subject to a twelve month
retention period.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Fani Titi
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 189,818 forfeitable shares for nil consideration
to Fani Titi
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 189,818
d) Aggregated information
- Aggregated volume 189,818
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ciaran Whelan and Richard Wainwright
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 148,553 forfeitable shares for nil consideration
to each of Ciaran Whelan and Richard Wainright
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 148,553 to each
d) Aggregated information
- Aggregated volume 148,553 each
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nishlan Samujh
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 94,909 forfeitable shares for nil consideration to
Nishlan Samujh
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 94,909
d) Aggregated information
- Aggregated volume 94,909
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle
this liability, Fani Titi disposed of the following number of forfeitable shares on 27 May 2021.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Fani Titi
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 87,498 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 87,498
d) Aggregated information
- Aggregated volume
87,498
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 87,498
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 267 236.39
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Richard Wainwright disposed of the following number of forfeitable shares on 27 May 2021
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Richard Wainwright
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 66,983 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 66,983
d) Aggregated information
- Aggregated volume 66,983
GBP 3.05
- Price
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 66,983
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 204,579.48
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Nishlan Samujh disposed of the following number of forfeitable shares on 27 May 2021.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Nishlan Samujh
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 42,812 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 42,812
d) Aggregated information
- Aggregated volume
42,812
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 42,812
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 130,756.41
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
1.2 Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the “Executive
Directors”)
On 27 May 2021 and pursuant to the Executive Directors’ remuneration policy approved by the
shareholders, Investec made the following conditional share awards (being the deferred portion of
the Executive Directors’ short term incentive awards) in respect of ordinary shares in the capital of
Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the
“Plan”). These conditional share awards vest from years one 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
Fani Titi
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 140,926 conditional shares for nil
consideration to Fani Titi. These conditional
share awards vest from one to seven years
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 140,926
d) Aggregated information
- Aggregated volume 140,926
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Ciaran Whelan and Richard Wainwright
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 109,902 conditional shares for nil
consideration to each of Ciaran Whelan and
Richard Wainright.
These conditional share awards vest from
one to seven years 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 109,902 each
d) Aggregated information
- Aggregated volume 109,902 each
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Nishlan Samujh
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 70,463 conditional shares for nil
consideration to Nishlan Samujh.
These conditional share awards vest from
one to seven years 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 70,463
d) Aggregated information
- Aggregated volume 70,463
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1.3 Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the “Executive
Directors”)
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, long-term
Incentive awards of conditional shares have been made to the Executives, as set out below.
These conditional share awards vest from 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
Fani Titi
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 349,651 conditional shares to Fani Titi for
nil consideration to vest in five tranches from 27
May 2024 to 27 May 2028. These conditional share
awards vest from years three to seven 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 349,651
d) Aggregated information
- Aggregated volume 349,651
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Ciaran Whelan and Richard Wainwright
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 279,721 conditional shares each to Ciaran
Whelan and Richard Wainwright for nil
consideration to vest in five tranches from 27 May
2024 to 27 May 2028. These conditional share
awards vest from years three to seven 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 279,721 each
d) Aggregated information
- Aggregated volume 279,721 each
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Nishlan Samujh
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 174,826 conditional shares to Nishlan
Samujh for nil consideration to vest in five tranches
from 27 May 2024 to 27 May 2028. These
conditional share awards vest from years three to
seven 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 174,826
d) Aggregated information
- Aggregated volume 174,826
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
2. PDMRs and Company Secretary: interests in Investec plc Ordinary Shares
2.1 Award of forfeitable shares to PDMRs
On 27 May 2021, Investec made forfeitable share awards (being the upfront portion of short term
incentive awards) in respect of ordinary shares in the capital of Investec plc for nil consideration
pursuant to the Investec plc Executive Incentive Plan 2013 (the “Plan”). These forfeitable share
awards vest immediately on award and are subject to a twelve month retention period.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 48,802 forfeitable shares for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 48,802
d) Aggregated information
- Aggregated volume 48,802
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Lyndon Subroyen
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code
GB00B17BBQ50
b) Nature of the transaction Award of 52,642 forfeitable shares for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 52,642
d) Aggregated information
- Aggregated volume 52,642
- Price
Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 47,695 forfeitable shares for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 47,695
d) Aggregated information
- Aggregated volume 47,695
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Mark Currie
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code
GB00B17BBQ50
b) Nature of the transaction Award of 73,011 forfeitable shares for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 73,011
d) Aggregated information
- Aggregated volume 73,011
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Ruth Leas disposed of the following number of forfeitable shares on 27 May 2021
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 22,983 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 22,983
d) Aggregated information
- Aggregated volume 22,983
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 22,983
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 70 194.68
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Lyndon Subroyen disposed of the following number of forfeitable shares on 27 May 2021
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lyndon Subroyen
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 24,792 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 24,792
d) Aggregated information
- Aggregated volume 24,792
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 24,792
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 75,719.73
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Marc Kahn disposed of the following number of forfeitable shares on 27 May 2021
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 22,462 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 22,462
d) Aggregated information
- Aggregated volume 22,462
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 22,462
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 68,603.44
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this
liability, Mark Currie disposed of the following number of forfeitable shares on 27 May 2021
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Currie
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 32,921 ordinary shares in order to
settle a tax liability related forfeitable share awards
that vest immediately on award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 3.05 32,921
d) Aggregated information
- Aggregated volume 32,921
- Price GBP 3.05
e) Date of the transaction 27 May 2021
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the following
additional information:
Number of shares 32,921
Volume weighted average GBP 3.05
selling price
Total value of transaction GBP 100,547.32
Highest price GBP 3.08
Lowest price GBP 2.96
Nature of interest Direct beneficial
Date and place of 27 May 2021, London
transaction
2.2 Award of conditional shares to PDMRs
On 27 May 2021, Investec made conditional share awards (being the deferred portion of short
term incentive awards) in respect of ordinary shares in the capital of Investec plc for nil
consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the “Plan”).
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 36,111 conditional shares for nil consideration to
Marc Kahn which vest in three tranches from 27 May 2022
to 27 May 2024.
These conditional share awards vest from years one to
three 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 36,111
d) Aggregated information
- Aggregated volume 36,111
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lyndon Subroyen
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 48,066 conditional shares for nil consideration to
Lyndon Subroyen which vest in five tranches from 27 May
2024 to 27 May 2028.
These conditional share awards vest from years three to
seven 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 48,066
d) Aggregated information
- Aggregated volume 48,066
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 4,413 conditional shares for nil consideration to
Ruth Leas which vest in five tranches from 27 May 2024
to 27 May 2028.
These conditional share awards vest from years three to
seven 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 4,413
d) Aggregated information
- Aggregated volume 4,413
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
2.3 Award of conditional shares to PDMRs
On 27 May 2021, Investec made conditional share awards (being a long term incentive awards)
in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the
Investec plc Executive Incentive Plan 2013 (the “Plan”).
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 83,917 conditional shares for nil consideration to
Marc Kahn which vest in three tranches from 27 May 2023
to 27 May 2025.
These conditional share awards vest from years two to
four 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 83,917
d) Aggregated information
- Aggregated volume 83,917
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lyndon Subroyen
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 95,014 conditional shares for nil consideration to
Lyndon Subroyen which vest in five tranches from 27 May
2024 to 27 May 2028.
These conditional share awards vest from years three to
seven 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 95,014
d) Aggregated information
- Aggregated volume 95,014
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 69,931 conditional shares for nil consideration to
Ruth Leas which vest in five tranches from 27 May 2024
to 27 May 2028.
These conditional share awards vest from years three to
seven 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 69,931
d) Aggregated information
- Aggregated volume 69,931
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Currie
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial Notification
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 67,133 conditional shares for nil consideration to
Mark Currie which vest in five tranches from 27 May 2024
to 27 May 2028.
These conditional share awards vest from years three to
seven 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 67,133
d) Aggregated information
- Aggregated volume 67,133
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction London
2.4 Award of forfeitable shares in Investec plc ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following
changes to attributable interests in Investec plc by the Company Secretary:
On 27 May 2021, Investec made forfeitable share awards in respect of ordinary shares in the capital
of Investec plc for nil consideration pursuant to the Investec 1 Limited share Incentive Plan. These
forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date
of award:
Company Secretary: Number of Forfeitable shares:
David Miller 33,235
3. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the
“INVESTEC LIMITED ORDINARY SHARES”)
3.1 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 27 May 2021, Investec made Conditional share awards in respect of ordinary shares in the capital
of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These
conditional share awards (being the deferred portion of the short term incentive) vest in three equal
tranches in the first, second and third years from the date of award:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Henry Blumenthal
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 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
instrument, type of
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 188,785 conditional shares for nil
consideration to vest in three equal tranches in the
first, second and third years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 188,785
d) Aggregated information
- Aggregated volume 188,785
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction Johannesburg
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stuart Spencer
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 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
instrument, type of
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 86,160 conditional shares for nil
consideration to vest in three equal tranches in the
first, second and third years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 86,160
d) Aggregated information
- Aggregated volume 86,160
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction Johannesburg
3.2 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 27 May 2021, Investec made Conditional share awards in respect of ordinary shares in the capital
of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These
conditional share awards (being a long term incentive) vest in three equal tranches in tranches in
the third, fourth and fifth years from the date of award:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Henry Blumenthal
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 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
instrument, type of
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 118,453 conditional shares for nil
consideration to vest in three equal tranches in the
third, fourth and fifth years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 118,453
d) Aggregated information
- Aggregated volume 118,453
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction Johannesburg
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stuart Spencer
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 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
instrument, type of
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 81,420 conditional shares for nil
consideration to vest in three equal tranches in the
third, fourth and fifth years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 81,420
d) Aggregated information
- Aggregated volume 81,420
- Price Nil
e) Date of the transaction 27 May 2021
f) Place of the transaction Johannesburg
3.3 Award of forfeitable shares in Investec Limited ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following
changes to attributable interests in Investec Limited by the Company Secretary:
On 27 May 2021, Investec made forfeitable share awards in respect of ordinary shares in the capital
of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These
of award:
Company Secretary: Number of forfeitable shares:
Niki van Wyk 16,657
3.4 Disposal of shares by a Company Secretary
On the market sale of shares in personal capacity (Please Amend wording as required)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Niki van Wyk
2 Reason for the notification
a) Position/status Company Secretary
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
Identification code ZAE000081949
b) Nature of the transaction On market sale of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR56.06 10,000
d) Aggregated information
- Aggregated volume 10,000
- Price ZAR56.06
e) Date of the transaction 27 May 2021
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:
Volume weighted average price ZAR 56.06 per share
Total value of transaction ZAR 560 600.00
Highest price ZAR 56.06
Lowest price ZAR 56.06
Nature of interest Direct beneficial
Clearance was obtained for the above dealings in securities.
Johannesburg and London
28 May 2021
Sponsor:
Investec Bank Limited
Date: 28-05-2021 05:00:00
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