Wrap Text
Transactions in Investec plc and 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) 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 31 May 2018, 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. 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 31 May 2018 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
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 108,564 forfeitable shares for nil
consideration to each of Stephen Koseff and
Bernard Kantor
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 108,564 to each of
Stephen Koseff and
Bernard Kantor
d) Aggregated information
- Aggregated volume 108,564 each
- Price Nil
e) Date of the transaction 31 May 2018
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 94,403 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 94,403
d) Aggregated information
- Aggregated volume 94,403
- Price Nil
e) Date of the transaction 31 May 2018
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, Bernard Kantor and Stephen Koseff disposed of the following number of
forfeitable shares on 31 May 2018:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Bernard Kantor
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 48,952 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)
GBP5.56 48,952
d) Aggregated information
- Aggregated volume 48,952
- Price GBP272,451.75
e) Date of the transaction 31 May 2018
f) Place of the transaction London
Number of shares 48,952
Volume weighted average GBP5.56
selling price
Total value of transaction GBP272,451.75
Highest price GBP5.61
Lowest price GBP5.51
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, London
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name
Stephen Koseff
2 Reason for the notification
a) Position/status Executive 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, Ordinary shares of GBP0.0002 each
type of instrument
GB00B17BBQ50
Identification code
b) Nature of the On market sale of 140,000 ordinary shares
transaction
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR93.58 140,000
d) Aggregated
information
- Aggregated volume 140,000
- Price ZAR13,102,184.00
e) Date of the transaction 31 May 2018
f) Place of the Johannesburg
transaction
Number of shares 140,000
Volume weighted average ZAR93.58
selling price
Total value of transaction ZAR13,102,184.00
Highest price ZAR93.65
Lowest price ZAR93.30
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, Johannesburg
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name
Stephen Koseff
2 Reason for the notification
a) Position/status Executive 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, Ordinary shares of GBP0.0002 each
type of instrument
GB00B17BBQ50
Identification code
b) Nature of the On market sale of 48,000 ordinary shares
transaction
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR93.95 48,000
d) Aggregated
information
- Aggregated volume 48,000
- Price ZAR4,509,609.60
e) Date of the transaction 01 June 2018
f) Place of the Johannesburg
transaction
Number of shares 48,000
Volume weighted average ZAR93.95
selling price
Total value of transaction ZAR4,509,609.60
Highest price ZAR94.10
Lowest price ZAR93.80
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, Johannesburg
1.2 Award of conditional shares to S Koseff, B Kantor and GR Burger
On 31 May 2018 and pursuant to the Executive Directors’ remuneration policy approved
by the shareholders, Investec made the following conditional 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”). 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
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 183,404 forfeitable shares for nil
consideration to each of Stephen Koseff and
Bernard Kantor. 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.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 183,404 to each of
Stephen Koseff and
Bernard Kantor
d) Aggregated information
- Aggregated volume 183,404 each
- Price Nil
e) Date of the transaction 31 May 2018
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 159,482 forfeitable shares for nil
consideration. 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.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 159,482
d) Aggregated information
- Aggregated volume 159,482
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
1.3 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 31 May 2018,
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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of fixed allowance of 178,891 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 178,891 to each of
Stephen Koseff,
Bernard Kantor and
Glynn Burger
d) Aggregated information
- Aggregated volume 178,891 each
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
Disposal of shares by an executive director
The fixed allowance forfeitable shares which vest immediately on award incur a tax liability.
In order to settle this liability, Bernard Kantor disposed of the following number of forfeitable
shares on 1 June 2018:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Bernard Kantor
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 80,663 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)
GBP451,107.10 80,663
d) Aggregated information
- Aggregated volume 80,663
- Price GBP451,107.10
e) Date of the transaction 31 May 2018
f) Place of the transaction London
1.4 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. 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.
In accordance with the Plan rules, the awards are at nil cost and will vest in seven tranches
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 264,759 conditional shares to each
of Stephen Koseff and Bernard Kantor for nil
consideration to vest in seven tranches from
31 May 2019 to 31 May 2025. 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)
264,759 to each of
Nil Stephen Koseff and
Bernard Kantor.
d) Aggregated information
- Aggregated volume 264,759 each
- Price Nil
e) Date of the transaction 31 May 2018
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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 239,066 conditional shares for nil
consideration to vest in seven tranches from
31 May 2019 to 31 May 2025 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 239,066
d) Aggregated information
- Aggregated volume 239,066
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
1.5 Purchase of shares by an Executive Director
On 31 May 2018, Hendrik du Toit, purchased the following number of shares:
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name
Hendrik du Toit
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, Ordinary shares of GBP0.0002 each
type of instrument
GB00B17BBQ50
Identification code
b) Nature of the On market purchase of 106,000 ordinary
transaction shares
c) Price(s) and volume(s)
Price(s) Volume(s)
106,000
GBP5.67
d) Aggregated
information
- Aggregated volume 106,000
- Price GBP601,688.86
e) Date of the transaction 31 May 2018
f) Place of the London
transaction
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements we disclose the
following additional information:
Number of shares 106,000
Volume weighted average GBP5.67
selling price
Total value of transaction GBP601,688.86
Highest price GBP5.67
Lowest price GBP5.67
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, London
2. PDMRs and Company Secretary: interests in Investec plc Ordinary Shares
2.1 Award of forfeitable shares to PDMRs
On 31 May 2018, 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
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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 68,739 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
68,739
Nil
d) Aggregated information
- Aggregated volume 68,739
Nil
- Price
e) Date of the transaction 31 May 2018
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 78,891 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 78,891
d) Aggregated information
- Aggregated volume 78,891
- Price Nil
e) Date of the transaction 31 May 2018
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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 37,952 forfeitable shares for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 37,952
d) Aggregated information
- Aggregated volume 37,952
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
1.6 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, Marc Kahn and Ciaran Whelan disposed of the following
number of forfeitable shares on 31 May 2018:
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 32,373 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)
GBP5.56 32,373
d) Aggregated information
- Aggregated volume 32,373
GBP180,178.15
- Price
e) Date of the transaction 31 May 2018
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 32,373
Volume weighted average selling GBP5.56
price
Total value of transaction GBP180,178.15
Highest price GBP5.61
Lowest price GBP5.51
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, 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 14,451 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)
GBP5.56 14,451
d) Aggregated information
- Aggregated volume 14,451
- Price GBP80,429.82
e) Date of the transaction 31 May 2018
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 14,451
Volume weighted average selling GBP5.56
price
Total value of transaction GBP80,429.82
Highest price GBP5.61
Lowest price GBP5.51
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, 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
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 37,154 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)
GBP5.56 37,154
d) Aggregated information
- Aggregated volume 37,154
- Price GBP206,787.72
e) Date of the transaction 31 May 2018
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 37,154
Volume weighted average selling GBP5.56
price
Total value of transaction GBP206,787.72
Highest price GBP5.61
Lowest price GBP5.51
Nature of interest Direct beneficial
Date and place of transaction 31 May 2018, London
2.2 Award of conditional shares to PDMRs
On 31 May 2018, 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
Identification code GB00B17BBQ50
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 31 May 2018
f) Place of the transaction London
On 31 May 2018, 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 twelve 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
Identification code GB00B17BBQ50
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 twelve 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 31 May 2018
f) Place of the transaction London
On 31 May 2018, 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 twelve 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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 125,000 conditional shares for nil
consideration which vest equally in years two , three
and a half and year five from date of award and are
subject to a further twelve 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 31 May 2018
f) Place of the transaction London
On 31 May 2018, 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 twelve 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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 75,000 conditional shares for nil
consideration which vest equally in years two, three
and year four from date of award and are subject to
a further twelve 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 31 May 2018
f) Place of the transaction London
2.3 Award of conditional shares to PDMRs
On 31 May 2018, 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 from years three
to seven from award date and are subject to a further twelve 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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 151,439 conditional shares for nil
consideration which vest in years three to seven
and are subject to a six month retention period
after each vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 151,439
d) Aggregated information
- Aggregated volume 151,439
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
On 31 May 2018, 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 over five years
and are subject to a further twelve 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 77,558 conditional shares for nil
consideration which vest over five years and are
subject to a twelve month retention period after
vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 77,558
d) Aggregated information
- Aggregated volume 77,558
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction London
On 31 May 2018, 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 over three years
and are subject to a further twelve 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
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 27,083 conditional shares for nil
consideration which vest over three years and
are subject to a further twelve month retention
period after vesting..
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 27,083
d) Aggregated information
- Aggregated volume 27,083
- Price Nil
e) Date of the transaction 31 May 2018
f) Place of the transaction 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 31 May 2018, 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 20,000
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 31 May 2018, 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 31 May 2018
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 31 May 2018
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 31 May 2018, 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 20,000
01 June 2018
Sponsor:
Investec Bank Limited
Date: 01/06/2018 05:00:00 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.
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