Wrap Text
Transactions in Investec plc and Investec Limited 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 and
Transparency Rules of the United Kingdom Listing Authority (the “UKLA”) and/or the JSE
Listing Requirements.
On 8 June 2017, 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. Executive Directors: interests in Investec plc Ordinary Shares
1.1 Award of forfeitable shares to S Koseff, B Kantor and GR Burger (together the “Executive
Directors”)
On 8 June 2017 and pursuant to the Executive Directors’ remuneration policy approved
by the shareholders, Investec made the following forfeitable share award (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”). A portion of these forfeitable share awards
vest immediately on award and are subject to a six month retention period, with the
remaining forfeitable shares vesting (each subject to a six month retention period after
vesting) over a five year period from date of award.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Stephen Koseff and Bernard Kantor
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 191 745 forfeitable shares for nil
consideration to each of Stephen Koseff and
Bernard Kantor
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 191,745 to each of
Stephen Koseff and
Bernard Kantor
d) Aggregated information
- Aggregated volume 191,745 each
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Glynn Burger
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 168,081 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 168,081
d) Aggregated information
- Aggregated volume 168,081
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
1.2 Award of fixed allowance shares to the Executive Directors
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, each
of the Executive Directors are to receive a contractual annual fixed allowance of £1
million each, payable in shares (the “Fixed Allowance Shares”) and accordingly, on 8
June 2017, 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 five equal tranches in each of the five years following the
year of award.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Stephen Koseff, Bernard Kantor and Glynn Burger
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 fixed allowance of 170,358 shares for nil
consideration, to each of Stephen Koseff, Bernard
Kantor and Glynn Burger, to vest on award and be
released over a period of five years following the
year of award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 170,358 to each of
Stephen Koseff,
Bernard Kantor and
Glynn Burger
d) Aggregated information
- Aggregated volume 170,358 each
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
1.3 Award of conditional shares to the Executive Directors
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.
In accordance with the Plan rules, the awards are at nil cost and will vest in five
tranches from years three to seven following the year of award
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Stephen Koseff and Bernard Kantor
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 290,781 conditional shares to each of
Stephen Koseff and Bernard Kantor for nil
consideration to vest in five tranches from 08 June
2020 to 08 June 2024
c) Price(s) and volume(s)
Price(s) Volume(s)
290,781 to each of
Nil Stephen Koseff and
Bernard Kantor.
d) Aggregated information
- Aggregated volume 290,781 each
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Glynn Burger
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 259,914 conditional shares for nil
consideration to vest in five tranches from 08 June
2020 to 08 June 2014
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 259,914
d) Aggregated information
- Aggregated volume 259,914
- Price Nil
e) Date of the transaction 08 June 2017
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 8 June 2017, Investec made forfeitable 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”). A portion of these forfeitable share awards vest immediately on award and are
subject to a six month retention period, with the remaining forfeitable shares vesting
(each subject to a six month retention period after vesting) over a five year period from
year of award.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
David van der Walt
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 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 136,378 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
136,378
Nil
d) Aggregated information
- Aggregated volume 136,378
Nil
- Price
e) Date of the transaction 08 June 2017
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Ciaran Whelan
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 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 102,215 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 102,215
d) Aggregated information
- Aggregated volume 102,215
- Price Nil
e) Date of the transaction 08 June 2017
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 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 26,206 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 26,206
d) Aggregated information
- Aggregated volume 26,206
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
2.2 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional 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 conditional share awards vest in three equal tranches in the third,
fourth and fifth years from the year of award:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Stephen Elliott
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 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 125,000 conditional shares for nil
consideration to vest in three equal tranches on the
third, fourth and fifth years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 125,000
d) Aggregated information
- Aggregated volume 125,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
On 8 June 2017, Investec made conditional share 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 equally between years three to
seven from award date. The awards are subject to a further six month retention period after
vesting.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
David van der Walt
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 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 125,000 conditional shares for nil
consideration which vest equally in years three to
seven and are subject to a six month retention
period
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 125,000
d) Aggregated information
- Aggregated volume 125,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
On 8 June 2017, Investec made conditional share 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 equally in years two and half,
three and a half and year five from date of award and are subject to a further six month
retention period after vesting.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Ciaran Whelan
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 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 125,000 conditional shares for nil
consideration which vest equally in years two and
half, three and a half and year five from date of
award and are subject to a further six month
retention period after vesting
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 125,000
d) Aggregated information
- Aggregated volume 125,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
On 8 June 2017, Investec made conditional share 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 equally in years two and half,
three and a half and year four and a half from date of award and are subject to a further six
month retention period after vesting.
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 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 75,000 conditional shares for nil
consideration which vest equally in years two and
half, three and a half and year four and a half from
date of award and are subject to a further six month
retention period after vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 75,000
d) Aggregated information
- Aggregated volume 75,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
2.3 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional share 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 in years six and
seven from award date.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
David van der Walt
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 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 44,670 conditional shares for nil
consideration which vest in years six and seven and
are subject to a six month retention period
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 44,670
d) Aggregated information
- Aggregated volume 44,670
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction London
2.4 Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to
settle this liability, David van der Walt and Marc Kahn disposed of the following number
of forfeitable shares on 8 June 2017:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
David van der Walt
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 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 On market sale of 32,675 ordinary shares in order to
settle a tax liability related to prior year share awards
which have now vested.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.72 32,675
d) Aggregated information
- Aggregated volume 32,675
- Price GBP187,100.32
e) Date of the transaction 08 June 2017
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 32,675
Volume weighted average selling GBP5.72
price
Total value of transaction GBP187,100.32
Highest price GBP5.75
Lowest price GBP5.71
Nature of interest Direct beneficial
Date and place of transaction 08 June 2017, 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 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 On market sale of 8,324 ordinary shares in order to
settle a tax liability related to prior year share awards
which have now vested.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.72 8,324
d) Aggregated information
- Aggregated volume
8,324
- Price GBP47,664.06
e) Date of the transaction 08 June 2017
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 8,324
Volume weighted average selling GBP5.72
price
Total value of transaction GBP47,664.06
Highest price GBP5.75
Lowest price GBP5.71
Nature of interest Direct beneficial
Date and place of transaction 08 June 2017, London
2.5 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 8 June 2017, 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 15000
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 8 June 2017, 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 vest in three equal 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 Richard Wainwright
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 Ordinary shares of ZAR0.0002 each
instrument
ZAE000081949
Identification code
b) Nature of the transaction Award of 125,000 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 125,000
d) Aggregated information
- Aggregated volume 125,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction Johannesburg
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nishlan Samujh
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 Ordinary shares of ZAR0.0002 each
instrument
ZAE000081949
Identification code
b) Nature of the transaction Award of 75,000 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 75,000
d) Aggregated information
- Aggregated volume 75,000
- Price Nil
e) Date of the transaction 08 June 2017
f) Place of the transaction Johannesburg
3.2 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 8 June 2017, 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 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:
Niki van Wyk 15000
3.3 Disposal of Investec Limited ordinary shares
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 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 Ordinary shares of ZAR0.0002 each
instrument
ZAE000081949
Identification code
b) Nature of the transaction On market sale of 93,750 shares following the
vesting and exercise of nil cost options in terms of
the Investec Limited Incentive Share Incentive Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR96.06 93,750
d) Aggregated information
- Aggregated volume 93,750
- Price 96.06
e) Date of the transaction 08 June 2017
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 93,750
Volume weighted average selling ZAR96.06
price
Total value of transaction ZAR9,006,159.38
Highest price ZAR96.65
Lowest price ZAR95.60
Nature of interest Direct beneficial
Date and place of transaction 08 June 2017, Johannesburg
12 June 2017
Sponsor:
Investec Bank Limited
Date: 12/06/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
