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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.
On 04 June 2020, the Remuneration Committee of Investec met and agreed the awards 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 fixed allowance shares to the Executive Director
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, the Executive
Directors are to receive a contractual annual fixed allowance payable in shares (the “Fixed Allowance
Shares”) and accordingly, on 5 June 2020, Investec made an award of £666,000 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 two equal tranches in each of the two years following the year of
award.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Fani Titi
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 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 Award of fixed allowance of 426,924 shares for nil
consideration, to vest on award and be released over a
period of two years following the year of award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 426,924
d) Aggregated information
- Aggregated volume 426,924
- Price Nil
e) Date of the transaction 5 June 2020
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, Fani Titi disposed of the following number of forfeitable shares on 05 June 2020:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Fani Titi
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 67,337 ordinary shares in order to
settle a tax liability related to share award which has
vested.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 1.89 67,337
d) Aggregated information
- Aggregated volume 67,337
- Price GBP127,738.29
e) Date of the transaction 5 June 2020
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 67,337
Volume weighted average selling GBP1.89
price
Total value of transaction GBP127 738.29
Highest price GBP1.89
Lowest price GBP1.89
Nature of interest Direct beneficial
Date and place of transaction 5 June 2020, London
1.2 Award of fixed allowance shares to the Executive Director
Pursuant to the Executive Directors’ remuneration policy approved by shareholders, the Executive
Directors are to receive a contractual annual fixed allowance payable in shares (the “Fixed Allowance
Shares”) and accordingly, on 5 June 2020, Investec made an award of £333,000 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 two equal tranches in each of the two years following the year of
award.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Nishlan Samujh
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 213,462 shares for nil
consideration, to vest on award and be released
over a period of two years following the year of
award
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 213,462
d) Aggregated information
- Aggregated volume 213,462
- Price Nil
e) Date of the transaction 05 June 2020
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, Nishlan Samujh disposed of the following number of forfeitable shares on 5 June
2020:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nishlan Samujh
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 32,243 ordinary shares in order to
settle a tax liability related to share award which has
vested.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP1.89 32,243
,d) Aggregated information
- Aggregated volume 32,243
- Price GBP1.89
e) Date of the transaction 05 June 2020
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 32,243
Volume weighted average selling GBP1.89
price
Total value of transaction GBP61,164.97
Highest price GBP1.89
Lowest price GBP1.89
Nature of interest Direct beneficial
Date and place of transaction 5 June 2020, 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. 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.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Fani Titi
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 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 Award of 769,231 conditional shares for nil
consideration to vest in five tranches from 05 June
2023 to 05 June 2027. 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 769,231
d) Aggregated information
- Aggregated volume 769,231
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nishlan Samujh
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 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 Award of 384,616 conditional for nil consideration to
vest in five tranches from 8 June 2020 to 8 June
2027. 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)
384,616
Nil
d) Aggregated information
- Aggregated volume 384,616
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
2. Director interests in Investec plc Ordinary Shares
On 5 June 2020, Investec made conditional share awards in respect of ordinary shares in the capital
of Investec plc for nil consideration pursuant the Investec plc Executive Incentive Plan 2013. These
conditional share awards vest in five equal tranches from year three to seven from the date of award.
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 Ciaran Whelan
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 410,257 conditional shares for nil
consideration to vest in five equal tranches from
year three to seven from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 410,257
d) Aggregated information
- Aggregated volume 410,257
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
3. PDMRs interests in Investec plc Ordinary Shares
3.1 Award of conditional shares to PDMR
On 5 June 2020, Investec made conditional share awards in respect of ordinary shares in the capital
of Investec plc for nil consideration pursuant the Investec plc Executive Incentive Plan 2013. These
conditional share awards vest in three equal tranches in the third, fourth and fifth years from the year
of award. 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 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 192,308 conditional shares 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 192,308
d) Aggregated information
- Aggregated volume 192,308
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Malcolm Fried
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 128,206 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 128,206
d) Aggregated information
- Aggregated volume 128,206
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
3.2 Award of conditional shares to PDMR
On 5 June 2020, Investec made conditional share awards in respect of ordinary shares in the
capital of Investec plc for nil consideration pursuant the Investec plc Executive Incentive Plan
2013. These conditional share awards vest in five equal tranches from year three to seven from
the date of award. 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 Lyndon Subroyen
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 instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 128,206 conditional shares for nil
consideration to vest in five equal tranches from
year three to seven from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 128,206
d) Aggregated information
- Aggregated volume 128,206
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
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 Ordinary shares of GBP0.0002 each
instrument, type of instrument
Identification code GB00B17BBQ50
b) Nature of the transaction Award of 256,411 conditional shares for nil
consideration to vest in five equal tranches from
year three to seven from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 256,411
d) Aggregated information
- Aggregated volume 256,411
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction London
4. 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 5 June 2020, 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 24,722
5. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the
“INVESTEC LIMITED ORDINARY SHARES”)
5.1 Awards in Investec Limited ordinary shares to Directors
5.1.1 Award of conditional shares in Investec Limited ordinary shares to Directors of a Major
Subsidiary
On 5 June 2020, 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 first, second and third years from the date
of award:
1 Details of the director of a major subsidiary
a) Name Richard Wainwright
2 Reason for the notification
a) Position/status Director of a major subsidiary
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
Identification code ZAE000081949
b) Nature of the transaction Award of 292,955 conditional shares for nil
consideration to vest in three equal tranches in the
first, second and third years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 292,955
d) Aggregated information
- Aggregated volume 292,955
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
5.1.2 Award of conditional shares in Investec Limited ordinary shares to Directors of a Major
Subsidiary
On 5 June 2020, 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 one tranche, one year from the date of award:
1 Details of the director of a major subsidiary
a) Name Richard Wainwright
2 Reason for the notification
a) Position/status Director of a major subsidiary
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
Identification code ZAE000081949
b) Nature of the transaction Award of 288,010 conditional shares for nil
consideration to vest one year from date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 288,010
d) Aggregated information
- Aggregated volume 288,010
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
5.1.3 Award of forfeitable shares in Investec Limited ordinary shares to Directors of a Major
Subsidiary
On 5 June 2020, 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 tranches in the first, second and third years from the date of award:
1 Details of the director of a major subsidiary
a) Name Stuart Spencer
2 Reason for the notification
a) Position/status Director of a major subsidiary
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
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 46,354 forfeitable shares for nil
consideration to vest in three equal tranches in the
first, second and third years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 46,354
d) Aggregated information
- Aggregated volume 46,354
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
5.1.4 Award of Conditional shares in Investec Limited ordinary shares to Directors of a Major
Subsidiary
On 5 June 2020, 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
forfeitable 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 Director of a major subsidiary
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
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 309,024 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 309,024
d) Aggregated information
- Aggregated volume 309,024
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
5.1.5 Award of forfeitable shares in Investec Limited ordinary shares to Directors
On 5 June 2020, 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:
1 Details of a director of a major subsidiary
a) Name Stuart Spencer
2 Reason for the notification
a) Position/status Director of a major subsidiary
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
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 92,708 forfeitable 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 92,708
d) Aggregated information
- Aggregated volume 92,708
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
6. Awards in Investec Limited ordinary shares to PDMRs
6.1 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 5 June 2020, 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 first, second and third years from the date
of award:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Henry Blumenthal
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
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 265,143 conditional shares for nil
consideration to vest in three equal tranches in the
first, second and third years from the date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 265,143
d) Aggregated information
- Aggregated volume 265,143
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
6.2 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 5 June 2020, 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 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 Henry Blumenthal
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
instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction Award of 247,219 conditional shares for nil
consideration to vest in three equal tranches in the
tranches in the third, fourth and fifth years from the
date of award.
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 247,219
d) Aggregated information
- Aggregated volume 247,219
- Price Nil
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
7 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 5 June 2020, 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 24,722
8 TRANSACTION BY DIRECTOR OF A MAJOR SUBSIDIARY IN INVESTEC LIMITED ORDINARY
SHARES
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Stuart Spencer
2 Reason for the notification
a) Position/status Director of a major subsidiary
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Investec Limited
b) LEI 213800CU7SM6O4UWOZ70
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 ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction On Market Sale of shares following the release of
forfeitable shares
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR35.64 25,000
d) Aggregated information
- Aggregated volume 25,000
- Price ZAR35.64
e) Date of the transaction 4 June 2020
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price ZAR35.64 per share
Total value of transaction ZAR891,080.00
Highest price ZAR35.85 per share
Lowest price ZAR35.22 per share
Nature of interest Direct beneficial
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Stuart Spencer
2 Reason for the notification
a) Position/status Director of a major subsidiary
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name Investec Limited
b) LEI 213800CU7SM6O4UWOZ70
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 ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction On Market Sale of shares following the release of
forfeitable shares
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR35.64 20,529
d) Aggregated information
- Aggregated volume 20,529
- Price ZAR37.75
e) Date of the transaction 5 June 2020
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price ZAR37.75 per share
Total value of transaction ZAR775,166.83
Highest price ZAR37.80 per share
Lowest price ZAR37.75 per share
Nature of interest Direct beneficial
Clearance was obtained for the above dealings in securities.
Johannesburg and London
08 June 2020
Sponsor:
Investec Bank Limited
Date: 08-06-2020 05:30:00
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