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INVESTEC LIMITED - Transaction by PDMR in Investec Limited Ordinary Shares

Release Date: 04/07/2017 16:00
Code(s): INL INP     PDF:  
Wrap Text
Transaction by PDMR 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.



TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES


    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       Sale of shares pursuant to the exercise of options
                                         held in the Investec Limited Share Incentive Plan



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




                                          ZAR96.99                   56,250




    d)   Aggregated information




         - Aggregated volume             56,250




         - Price                         ZAR96.99




    e)   Date of the transaction         03 July 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 sale of INL Shares as disclosed above:


    Transaction Dated                          03 July 2017
    Volume weighted average price              ZAR96.99
    Total value of transaction                 ZAR5,455,642.50
    Highest price                              ZAR97.15
    Lowest price                               ZAR96.95
    Nature of interest                           Direct beneficial

TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES

On 27 May 2014 Investec made forfeitable share awards (being a deferred portion of short term incentive
awards) in respect of ordinary shares in the capital of Investec Limited for nil consideration (the “Forfeitable
Shares”). These awards vest in three equal tranches over a three year period from the date of award. The
shares below are being disposed following vesting.



    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       On market sale of shares – following the vesting of
                                         the Forfeitable Shares



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




                                          ZAR97.00                   12,249




    d)   Aggregated information




         - Aggregated volume             12,249




         - Price                         ZAR97.00




    e)   Date of the transaction         03 July 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 sale of INL Shares as disclosed above:


    Transaction Dated                          03 July 2017
    Volume weighted average price              ZAR97.00
    Total value of transaction                 ZAR1,188,165.25
    Highest price                              ZAR97.00
    Lowest price                               ZAR97.00
    Nature of interest                         Direct beneficial
TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES

   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   Ordinary shares of ZAR0.0002 each
        instrument, type of
        instrument

                                       ZAE000081949
        Identification code




   b)   Nature of the transaction      Take up of a forfeitable share award (being a
                                       deferred portion of short term incentive awards) in
                                       respect of ordinary shares in the capital of Investec
                                       Limited made on 01 June 2015 for nil consideration.

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




                                          ZAR97.85             12,729




    d)   Aggregated information




         - Aggregated volume            12,729




         - Price                        ZAR97.85




    e)   Date of the transaction        03 July 2017




    f)   Place of the transaction       Johannesburg




Clearance was obtained for the above dealings in securities.


Johannesburg and London
04 July 2017

Sponsor:
Investec Bank Limited

Date: 04/07/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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