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Transactions 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) 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.
TRANSACTIONS BY A DIRECTOR IN INVESTEC PLC ORDINARY SHARES
Award of forfeitable shares
On 31 May 2018 and pursuant to the Executive Directors’ remuneration policy approved by the
shareholders, Investec made 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.
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability,
Glynn Burger disposed of the following number of forfeitable shares on 1 June 2018:
Disposal of shares by a director
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 45,959 ordinary shares in order to
settle a tax liability related to an upfront award of
forfeitable shares which vest immediately and subject
to a twelve month retention period.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.56 45,959
d) Aggregated information
- Aggregated volume 45,959
- Price GBP5.56
e) Date of the transaction 1 June 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 45,959
Volume weighted average GBP5.56
selling price
Total value of transaction GBP255,528.78
Highest price GBP5.57
Lowest price GBP5.56
Nature of interest Direct beneficial
Date and place of transaction 1 June 2018, London
Award of fixed allowance shares
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.
The fixed allowance forfeitable shares which vest immediately on award incur a tax liability. In order to
settle this liability, Glynn Burger disposed of the following number of forfeitable shares on 1 June 2018:
Disposal of shares by a director
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 6,325 ordinary shares in order to
settle a tax liability related to the award of forfeitable
shares which vest immediately.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.56 6,325
d) Aggregated information
- Aggregated volume 6,325
- Price GBP5.56
e) Date of the transaction 1 June 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 6,325
Volume weighted average GBP5.56
selling price
Total value of transaction GBP35,166.55
Highest price GBP5.57
Lowest price GBP5.56
Nature of interest Direct beneficial
Date and place of transaction 1 June 2018, London
Disposal of shares by a director
Sale of shares to settle tax liability pursuant to the vesting of forfeitable shares awarded in June 2015.
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 35,265 ordinary shares in order to
settle a tax liability related to the vesting forfeitable
shares awards made in June 2015.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.56 35,265
d) Aggregated information
- Aggregated volume 35,265
- Price GBP5.56
e) Date of the transaction 1 June 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 35,265
Volume weighted average GBP5.56
selling price
Total value of transaction GBP196,031.08
Highest price GBP5.60
Lowest price GBP5.52
Nature of interest Direct beneficial
Date and place of transaction 1 June 2018, London
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 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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of 37,639 ordinary shares in order to
settle a tax liability related to the vesting forfeitable
shares awards made in June 2015.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP5.56 37,639
d) Aggregated information
- Aggregated volume 37,639
- Price GBP5.56
e) Date of the transaction 1 June 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 37,639
Volume weighted average GBP5.56
selling price
Total value of transaction GBP209,227.67
Highest price GBP5.60
Lowest price GBP5.52
Nature of interest Direct beneficial
Date and place of transaction 1 June 2018, London
TRANSACTION BY A PDMR IN INVESTEC PLC ORDINARY SHARES.
Investec has been advised that David van der Walt disposed of the following number of ordinary shares
in Investec plc (INP Shares) on 01 June 2015 in order to settle a tax liabilities related to prior year share
awards which have now vested.
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 /Amendment Initial notification
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 Ordinary shares of GBP0.0002 each
instrument, type of instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction On market sale of 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 5,457
d) Aggregated information
- Aggregated volume 5,457
- Price GBP5.56
e) Date of the transaction 01 June 2018
f) Place of the transaction London
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 INP Shares as disclosed above:
Number of shares 5,457
Volume weighted average GBP5.56
selling price
Total value of transaction GBP30,334.37
Highest price GBP5.57
Lowest price GBP5.55
Nature of interest Direct beneficial
Date and place of transaction 1 June 2018, London
04 June 2018
Sponsor:
Investec Bank Limited
Date: 04/06/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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