Form 8.3 - Investec Plc

Form 8.3 - Investec Plc

Abax Investments Ltd

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:	Â	Abax Investments (Pty) Ltd
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient		Abax Investments (Pty) Ltd
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree		Investec PLC Share code: INP
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:		N/A
(e) Date position held/dealing undertaken:		5 December 2011
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?		NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	Â	INP
Â		Interests			Â	Short positions
		Number	Â	%		Number	Â	%
(1) Relevant securities owned and/or controlled:		22,275,744		4.10%		Â		Â
(2) Derivatives (other than options):		2,621,929		0.48%		Â		Â
(3) Options and agreements to purchase/sell:		Â		Â		Â		Â
TOTAL:		24,897,673		4.58%		Â		Â

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â	N/A
Details, including nature of the rights concerned and relevant percentages:		N/A

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
None

(b) Derivatives transactions (other than options)

Class of relevant security	Â	Product description e.g. CFD	Â	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Â	Number of reference securities	Â	Price per unit
None

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

N/A

(ii) Exercising

Class of relevant security	Â	Product description e.g. call option	Â	Number of securities	Â	Exercise price per unit
N/A

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Â	Nature of dealing e.g. subscription, conversion	Â	Details	Â	Price per unit (if applicable)
N/A

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”

  N/A

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

  N/A

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Â

NO

5. HISTORICAL TRADES

The following trades should have been disclosed previously.

Purchases and sales

Share code INP	Â				Â				Â		Â
Trade Date		Class of relevant security				Purchase/Sale				Number of securities		Price per unit
																	Â
18-11-2011		Ordinary				Purchase				66,512		45.115
18-11-2011		Ordinary				Purchase				207,852		45.115
18-11-2011		Ordinary				Purchase				748,268		45.115
21-11-2011		Ordinary				Purchase				13,488		44.8165
21-11-2011		Ordinary				Purchase				42,148		44.8165
21-11-2011		Ordinary				Purchase				151,732		44.8165
22-11-2011		Ordinary				Purchase				32,780		43.7993
22-11-2011		Ordinary				Purchase				102,441		43.7993
22-11-2011		Ordinary				Purchase				450,737		43.7993
22-11-2011		Ordinary				Purchase				7,200		44.0095
22-11-2011		Ordinary				Purchase				11,600		44.0095
22-11-2011		Ordinary				Purchase				49,800		44.0095
22-11-2011		Ordinary				Purchase				112,200		44.0095
22-11-2011		Ordinary				Purchase				250,000		44.0095
23-11-2011		Ordinary				Purchase				47,220		43.4386
23-11-2011		Ordinary				Purchase				147,559		43.4386
23-11-2011		Ordinary				Purchase				649,263		43.4386
24-11-2011		Ordinary				Purchase				7,000		43.3781
24-11-2011		Ordinary				Purchase				3,000		43.3781
24-11-2011		Ordinary				Purchase				11,490		43.3781
24-11-2011		Ordinary				Purchase				7,000		43.3781
24-11-2011		Ordinary				Purchase				7,000		43.3781
24-11-2011		Ordinary				Purchase				7,000		43.3781
24-11-2011		Ordinary				Purchase				48,510		43.3781
																	Â
Share code INP			Â				Â						Â		Â
Trade Date		Class of relevant security		Product description				Nature of dealing						Number of reference securities		Price per unit
				e.g. CFD				e.g. opening/closing a long/short position, increasing/reducing a long/short position
31-08-2011		Ordinary		CFD				open long						6,800		49.4067
31-08-2011		Ordinary		CFD				open long						1,089		49.4067
31-08-2011		Ordinary		CFD				open long						21,900		49.4067
31-08-2011		Ordinary		CFD				open long						3,200		49.4067
31-08-2011		Ordinary		CFD				open long						18,700		49.4067
31-08-2011		Ordinary		CFD				open long						89,500		49.4067
31-08-2011		Ordinary		CFD				open long						34,300		49.4067
31-08-2011		Ordinary		CFD				open long						48,400		49.4067
31-08-2011		Ordinary		CFD				open long						139,200		49.4067
01-09-2011		Ordinary		CFD				open long						3,900		49.0606
01-09-2011		Ordinary		CFD				open long						597		49.0606
01-09-2011		Ordinary		CFD				open long						12,700		49.0606
01-09-2011		Ordinary		CFD				open long						1,900		49.0606
01-09-2011		Ordinary		CFD				open long						10,800		49.0606
01-09-2011		Ordinary		CFD				open long						51,900		49.0606
01-09-2011		Ordinary		CFD				open long						20,000		49.0606
01-09-2011		Ordinary		CFD				open long						28,200		49.0606
01-09-2011		Ordinary		CFD				open long						80,800		49.0606
02-09-2011		Ordinary		CFD				open long						2,800		49.0054
02-09-2011		Ordinary		CFD				open long						414		49.0054
02-09-2011		Ordinary		CFD				open long						9,400		49.0054
02-09-2011		Ordinary		CFD				open long						1,300		49.0054
02-09-2011		Ordinary		CFD				open long						8,000		49.0054
02-09-2011		Ordinary		CFD				open long						38,600		49.0054
02-09-2011		Ordinary		CFD				open long						14,700		49.0054
02-09-2011		Ordinary		CFD				open long						20,900		49.0054
02-09-2011		Ordinary		CFD				open long						60,000		49.0054
08-09-2011		Ordinary		CFD				close long						-3,000		48.7113
02-11-2011		Ordinary		CFD				open long						5,500		46.613
02-11-2011		Ordinary		CFD				open long						25,900		46.613
02-11-2011		Ordinary		CFD				open long						5,100		46.613
02-11-2011		Ordinary		CFD				open long						46,587		46.613
02-11-2011		Ordinary		CFD				open long						88,172		46.613
02-11-2011		Ordinary		CFD				open long						500		46.613
02-11-2011		Ordinary		CFD				open long						70,000		46.613
02-11-2011		Ordinary		CFD				open long						31,000		46.613
02-11-2011		Ordinary		CFD				open long						110,913		46.613
02-11-2011		Ordinary		CFD				open long						97,828		46.613
21-11-2011		Ordinary		CFD				open long						16,000		44.2822
21-11-2011		Ordinary		CFD				open long						32,000		44.2822
23-11-2011		Ordinary		CFD				open long						2,811		43.3581
23-11-2011		Ordinary		CFD				open long						5,784		43.3581
23-11-2011		Ordinary		CFD				open long						6,426		43.3581
23-11-2011		Ordinary		CFD				open long						11,244		43.3581
23-11-2011		Ordinary		CFD				open long						5,623		43.3581
23-11-2011		Ordinary		CFD				open long						20,080		43.3581
23-11-2011		Ordinary		CFD				open long						8,033		43.3581
23-11-2011		Ordinary		CFD				open long						13,654		43.3581
23-11-2011		Ordinary		CFD				open long						26,345		43.3581
24-11-2011		Ordinary		CFD				open long						24,344		43.4105
24-11-2011		Ordinary		CFD				open long						49,062		43.4105
24-11-2011		Ordinary		CFD				open long						55,008		43.4105
24-11-2011		Ordinary		CFD				open long						92,925		43.4105
24-11-2011		Ordinary		CFD				open long						46,462		43.4105
24-11-2011		Ordinary		CFD				open long						166,890		43.4105
24-11-2011		Ordinary		CFD				open long						67,647		43.4105
24-11-2011		Ordinary		CFD				open long						116,334		43.4105
24-11-2011		Ordinary		CFD				open long						217,073		43.4105
25-11-2011		Ordinary		CFD				open long						9,462		43.326
25-11-2011		Ordinary		CFD				open long						19,071		43.326
25-11-2011		Ordinary		CFD				open long						21,383		43.326
25-11-2011		Ordinary		CFD				open long						36,122		43.326
25-11-2011		Ordinary		CFD				open long						18,061		43.326
25-11-2011		Ordinary		CFD				open long						64,873		43.326
25-11-2011		Ordinary		CFD				open long						26,295		43.326
25-11-2011		Ordinary		CFD				open long						45,222		43.326
25-11-2011		Ordinary		CFD				open long						84,380		43.326
28-11-2011		Ordinary		CFD				open long						167		43.698
28-11-2011		Ordinary		CFD				open long						337		43.698
28-11-2011		Ordinary		CFD				open long						378		43.698
28-11-2011		Ordinary		CFD				open long						638		43.698
28-11-2011		Ordinary		CFD				open long						319		43.698
28-11-2011		Ordinary		CFD				open long						1,145		43.698
28-11-2011		Ordinary		CFD				open long						465		43.698
28-11-2011		Ordinary		CFD				open long						798		43.698
28-11-2011		Ordinary		CFD				open long						1,490		43.698
28-11-2011		Ordinary		CFD				close long						-8,500		43.8851
05-12-2011		Ordinary		CFD				open long						8,216		45.7785
05-12-2011		Ordinary		CFD				open long						23,746		45.7785
05-12-2011		Ordinary		CFD				open long						1,805		45.7785
05-12-2011		Ordinary		CFD				open long						19,535		45.7785
05-12-2011		Ordinary		CFD				open long						97,012		45.7785
05-12-2011		Ordinary		CFD				open long						37,560		45.7785
05-12-2011		Ordinary		CFD				open long						54,992		45.7785
05-12-2011		Ordinary		CFD				open long						104,712		45.7785

Date of disclosure:	Â	7 December 2011
Contact name:		Edel Little
Telephone number:		[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.