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INVESTEC PLC - Transactions by Director in Investec Limited Ordinary Shares.

Release Date: 31/03/2017 17:00
Code(s): INP INL     PDF:  
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Transactions by Director 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 DIRECTOR IN INVESTEC LIMITED ORDINARY SHARES.

Investec has been advised that, pursuant to a realignment of B Kantor’s portfolio, the nature of B Kantor’s
interest over 900,000 Investec Limited ordinary shares of ZAR0.0002 each (the INL Shares) has changed
from indirect beneficial to direct beneficial. Furthermore, pursuant to the portfolio realignment, B Kantor has
disposed 500,000 INL Shares.

Following the transaction, B Kantor has interests over 2,300,500 INL Shares and 1,164,359 Investec plc
ordinary shares of GBP0.0002 each (the INP 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                                   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        INL Shares

         Identification code                   ZAE000081949


    b)   Nature of the transaction             Change in interest over 900,000 INL Shares from indirect
                                            to direct beneficial

    c)   Price(s) and volume(s)
                                             Price(s)                    Volume(s)

                                             ZAR94.63                    900,000




    d)   Aggregated information


         - Aggregated volume                900,000


         - Price                            ZAR94.63
    e)   Date of the transaction            28 March 2017


    f)   Place of the transaction           Johannesburg



In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following additional information is
disclosed in respect of the transaction as disclosed above:


    Volume weighted average price              ZAR94.63
    Total value of transaction                 ZAR85,167,000
    Highest price                              ZAR94.63
    Lowest price                               ZAR94.63
    Nature of interest                         Indirect beneficial
    Nature of the transaction                  Off-market


As noted above, B Kantor disposed of 500,000 INL 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                                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     INL Shares

         Identification code                ZAE000081949


    b)   Nature of the transaction          Disposal of 500,000 INL Shares


    c)   Price(s) and volume(s)
                                             Price(s)                    Volume(s)

                                             ZAR94.63                    500,000




    d)   Aggregated information


         - Aggregated volume                500,000


         - Price                            ZAR94.63
    e)   Date of the transaction            28 March 2017


    f)   Place of the transaction           Johannesburg



In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following additional information is
disclosed in respect of the transaction as disclosed above:

    Volume weighted average price              ZAR94.63
    Total value of transaction                 ZAR47,315,000
    Highest price                              ZAR94.63
    Lowest price                               ZAR94.63
    Nature of interest                         Indirect beneficial
    Nature of the transaction                  Off-market


Clearance was obtained for the above dealings in securities.


Johannesburg and London
31 March 2017

Sponsor:
Investec Bank Limited

Date: 31/03/2017 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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