Wrap Text
Transactions 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
JSE Hybrid code: INPR JSE share code: INP
JSE debt code: INLV ISIN: GB00B17BBQ50
NSX share code: IVD LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES
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
Guidance, Transparency Rules and Listing Rules of the Financial Conduct Authority and/or the JSE Listings
Requirements.
Exercise of Share Options and Sale of Shares in terms of the Investec Limited Share
Incentive Plan 2021 –Share Appreciations Rights (2022 Award)
In terms of the Investec Limited Incentive Plan 2021 - Share Appreciation Award (SAR), on the SAR exercise
date, the appreciation in each SAR is calculated by deducting the grant price from the exercise price
("Appreciation Value"). The deemed exercise price is the volume weighted average price (VWAP) over 20 days
to the vesting date and where participants have elected to sell the remaining shares, the same VWAP was used
for such sale. Following the exercise of the SAR the participant receives Investec Limited shares to the
equivalent of the Appreciation Value.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Cumesh Moodliar
2 Reason for the notification
a) Position/status PMDR / Director of 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 on interest Direct Beneficial
c) Nature of the transaction Off-market exercise of SAR
d) Number of SAR awards 20,977
e) Award Date 1 June 2022
f) Award/Strike Price ZAR89.21
g) Number of Investec Limited shares received on 6,300
exercise of SAR
h) Deemed exercise Price (20-day VWAP) ZAR127.5026
i) Total value of transaction ZAR803,263.87
j) Date of the transaction 10 July 2025
k) Place of the transaction Johannesburg
l) Clearance to deal obtained Yes
a) Nature of the transaction On-Market sale of Investec Limited shares
b) Number of securities 6,300
c) Deemed Price (20-day VWAP) ZAR127.5026
d) Highest Price ZAR 135.11
e) Lowest Price ZAR 119.00
f) Total value of transaction: ZAR803,263.87
g) Date of the transaction 10 July 2025
h) Place of the transaction Johannesburg
i) Clearance to deal obtained Yes
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Lesley-Anne Gatter
2 Reason for the notification
a) Position/status PMDR
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 on interest Direct Beneficial
c) Nature of the transaction Off-market exercise of SAR
d) Number of SAR awards 15,733
e) Award Date 1 June 2022
f) Award/Strike Price ZAR 89.21
g) Number of Investec Limited shares received on 4,725
exercise of SAR
h) Deemed exercise price (20-day VWAP) ZAR127.5026
i) Total value of transaction ZAR 602,457.48
j) Date of the transaction 10 July 2025
k) Place of the transaction Johannesburg
l) Clearance to deal obtained Yes
a) Nature of the transaction On-Market sale of Investec Limited shares to cover tax
and costs
b) Number of securities 2,181
c) Deemed Price (20-day VWAP) ZAR127.5026
d) Highest Price ZAR 135.11
e) Lowest Price ZAR 119.00
f) Total value of transaction: ZAR 278,083.17
g) Date of the transaction 10 July 2025
h) Place of the transaction Johannesburg
i) Clearance to deal obtained Yes
1 Transaction by the Company Secretary
a) Name Niki van Wyk
2 Reason for the notification
a) Position/status Company Secretary
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 on interest Direct Beneficial
c) Nature of the transaction Off-market exercise of SAR
d) Number of SAR awards 6,555
e) Award Date 1 June 2022
f) Award/Strike Price R89.21
g) Number of Investec Limited shares received on 1,969
exercise of SAR
h) Deemed exercise Price (20-day VWAP) ZAR127.5026
i) Total value of transaction ZAR 251,007.99
j) Date of the transaction 10 July 2025
k) Place of the transaction Johannesburg
l) Clearance to deal obtained Yes
a) Nature of the transaction On-Market sale of Investec Limited shares
b) Number of securities 1,969
c) Price per security ZAR127.5026
d) Highest Price ZAR 135.11
e) Lowest Price ZAR 119.00
f) Total value of transaction: ZAR 251,007.99
g) Date of the transaction 10 July 2025
h) Place of the transaction Johannesburg
i) Clearance to deal obtained Yes
Transaction by Company Secretary in Investec Limited Ordinary Shares
The following on market sale is notified in terms of Rules 3.63 – 3.74 of the JSE Listings Requirements:
1 Transaction by the Company Secretary
a) Name Niki van Wyk
2 Reason for the notification
a) Position/status Company Secretary
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 on interest Direct Beneficial
c) Nature of the transaction On market sale of shares following the release of
forfeitable shares
d) Number of Securities 1,786
e) Award Date 1 June 2022
f) Award Price R Nil
g) Volume Weighted Average Price ZAR 132.7668
h) Highest Price ZAR 132.90
i) Lowest Price ZAR 132.10
j) Total value of transaction ZAR 237,121.50
k) Date of the transaction 10 July 2025
l) Place of the transaction Johannesburg
Clearance was obtained for the above dealings in securities.
The Investec Limited Share Incentive Plan 2021 (The "Plan"): Dealings in Securities
Shareholders are advised that, in compliance with paragraphs 3.63 to 3.66 and 3.96 of the JSE Listings
Requirements, the Plan is required to disclose the details of the indirect beneficial off-market exercise of an
option to acquire Investec Limited ordinary shares made to satisfy the Plan's obligations to its participants and
accordingly the following deal is disclosed:
Date of transaction: 10 July 2025
Nature of the transaction Off-market exercise of option
Number of Investec Limited shares received on 646,955
exercise of option
Option Strike Price ZAR91.32
Total Value: ZAR59,079,930.60
Date of the transaction 10 July 2025
Place of the transaction Johannesburg
Johannesburg and London
11 July 2025
Sponsor:
Investec Bank Limited
Date: 11-07-2025 03:00:00
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.
Sharenet Sites 
