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INVESTEC PLC - Transactions by director in Investec plc ordinary shares

Release Date: 26/09/2016 17:00
Code(s): INP INL     PDF:  
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Transactions by director 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) 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 PLC ORDINARY SHARES.

Ian Kantor entered into a sale of Investec plc ordinary shares and the purchase of call options over Investec
plc ordinary shares on 23 September 2016 and the following information in relation to Ian Kantor’s indirect
beneficial interests is disclosed:

1    Details of the person discharging managerial responsibilities / person closely
     associated

     a)   Name                                 Ian 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 plc

     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 GBP0.0002 each (INP Shares)

          Identification code                  GB00B17BBQ50

     b)   Nature of the transaction            Sale of 2,400,000 INP Shares for GBP4.74 per share

     c)   Price(s) and volume(s)
                                               Price(s)                    Volume(s)
                                               GBP4.74                     2,400,000

     d)   Aggregated information
          
          - Aggregated volume                  2,400,000

          - Price                              GBP4.74

     e)   Date of the transaction              23 September 2016

     f)   Place of the transaction             London


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 (INP Shares)

          Identification code               GB00B17BBQ50


     b)   Nature of the transaction         European Style Call - purchase of 600,000 call options at
                                            a strike price of GBP3.79 per share expiring on 22 March
                                            2021
     
     c)   Price(s) and volume(s)
                                            Price(s)                    Volume(s)

                                            PURCHASE OF CALL            600,000
                                            OPTIONS: STRIKE
                                            PRICE OF GBP3.79
     d)   Aggregated information

          - Aggregated volume               CALL OPTIONS – 600,000

          - Price                           CALL OPTIONS – STRIKE PRICE OF GBP3.79

     e)   Date of the transaction           23 September 2016

     f)   Place of the transaction          London

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 (INP Shares)

          Identification code               GB00B17BBQ50

     b)   Nature of the transaction         European Style Call - purchase of 600,000 call options at
                                            a strike price of GBP3.56 per share expiring on 22 June
                                            2021
     c)   Price(s) and volume(s)
                                            Price(s)                    Volume(s)
    
                                            PURCHASE OF CALL            600,000
                                            OPTIONS: STRIKE
                                            PRICE OF GBP3.56
     d)   Aggregated information

          - Aggregated volume               CALL OPTIONS – 600,000

          - Price                           CALL OPTIONS – STRIKE PRICE OF GBP3.56

     e)   Date of the transaction           23 September 2016

     f)   Place of the transaction          London

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 (INP Shares)

          Identification code               GB00B17BBQ50

     b)   Nature of the transaction         European Style Call - purchase of 600,000 call options at
                                            a strike price of GBP3.32 per share expiring on 22
                                            September 2021
     c)   Price(s) and volume(s)
                                            Price(s)                    Volume(s)

                                            PURCHASE OF CALL            600,000
                                            OPTIONS: STRIKE
                                            PRICE OF GBP3.32
     d)   Aggregated information

          - Aggregated volume               CALL OPTIONS – 600,000

          - Price                           CALL OPTIONS – STRIKE PRICE OF GBP3.32



     e)   Date of the transaction           23 September 2016


     f)   Place of the transaction          London


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 (INP Shares)

          Identification code               GB00B17BBQ50

     b)   Nature of the transaction         European Style Call - purchase of 600,000 call options at
                                            a strike price of GBP3.08 per share expiring on 22
                                            December 2021
     c)   Price(s) and volume(s)
                                            Price(s)                    Volume(s)

                                            PURCHASE OF CALL            600,000
                                            OPTIONS: STRIKE
                                            PRICE OF GBP3.08

     d)   Aggregated information

          - Aggregated volume               CALL OPTIONS – 600,000

          - Price                           CALL OPTIONS – STRIKE PRICE OF GBP3.08

     e)   Date of the transaction           23 September 2016


     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 in respect of the sale of 2,400,000 INP Shares as disclosed above:

Volume weighted average price               GBP4.74
Total value of transaction                  GBP11,376,000
Highest price                               GBP4.74
Lowest price                                GBP4.74
Nature of interest                          Indirect beneficial
Nature of the transaction                   Off-market

Clearance was obtained for the above dealings in securities.

Johannesburg and London
26 September 2016

Sponsor:
Investec Bank Limited

Date: 26/09/2016 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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