Form 8.3 - INVESTEC PLC
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: BARCLAYS PLC
(b) Owner or controller of interests and short
positions disclosed, if different from
1(a):
The naming of nominee or vehicle companies
is insufficient
(c) Name of offeror/offeree in relation to
whose relevant securities this form
relates: INVESTEC PLC
Use a separate form for each
offeror/offeree
(d) If an exempt fund manager connected with
an offeror/
offeree, state this and specify identity
of offeror/offeree:
(e) Date position held/dealing undertaken: 14 June 2010
(f) Has the discloser previously disclosed, or YES
are they today disclosing, under the Code
in respect of any other party
to this offer?
If YES, specify which:
Rensburg Sheppards Plc
Investec Ltd
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: ORDINARY
Interests Short positions
Number % Number %
(1) Relevant
securities
wned and/or
controlled: 3,252,360 0.69% 2,299,373 0.49%
(2) Derivatives
(other
than options): 1,894,030 0.40% 113,997 0.02%
(3) Options and
agreements to
purchase/sell: 2,285,500 0.48% 1,514,000 0.32%
TOTAL: 7,431,890 1.57% 3,927,370 0.83%
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:
Details, including nature of the rights concerned and relevant percentages:
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 Purchase/sale Number of Price per
relevant securities unit
security
ORD Purchase 124 55.2400 ZAR
ORD Purchase 179 54.6000 ZAR
ORD Purchase 179 55.3200 ZAR
ORD Purchase 213 54.7500 ZAR
ORD Purchase 216 54.7300 ZAR
ORD Purchase 216 55.1700 ZAR
ORD Purchase 285 55.1100 ZAR
ORD Purchase 304 55.3300 ZAR
ORD Purchase 323 54.9300 ZAR
ORD Purchase 392 55.2900 ZAR
ORD Purchase 497 55.1800 ZAR
ORD Purchase 554 55.1200 ZAR
ORD Purchase 558 55.2800 ZAR
ORD Purchase 759 4.9220 GBP
ORD Purchase 829 55.0900 ZAR
ORD Purchase 986 54.7100 ZAR
ORD Purchase 1,181 4.9318 GBP
ORD Purchase 1,502 4.8878 GBP
ORD Purchase 1,583 55.3400 ZAR
ORD Purchase 2,000 55.2200 ZAR
ORD Purchase 2,159 55.3100 ZAR
ORD Purchase 2,175 54.7200 ZAR
ORD Purchase 2,918 55.2700 ZAR
ORD Purchase 2,929 4.8976 GBP
ORD Purchase 3,052 55.3000 ZAR
ORD Purchase 3,240 55.2600 ZAR
ORD Purchase 3,263 55.2300 ZAR
ORD Purchase 3,433 55.2000 ZAR
ORD Purchase 4,792 55.2500 ZAR
ORD Purchase 5,644 4.9264 GBP
ORD Purchase 5,940 4.9031 GBP
ORD Purchase 10,239 55.3500 ZAR
ORD Purchase 16,671 55.1000 ZAR
ORD Purchase 26,518 4.9082 GBP
ORD Purchase 36,061 4.9043 GBP
ORD Purchase 100,736 4.8937 GBP
ORD Purchase 110,229 4.8803 GBP
ORD Sale 200 4.9360 GBP
ORD Sale 200 54.6700 ZAR
ORD Sale 235 54.7400 ZAR
ORD Sale 599 55.3100 ZAR
ORD Sale 799 55.2100 ZAR
ORD Sale 800 54.9700 ZAR
ORD Sale 926 55.1500 ZAR
ORD Sale 1,000 54.6000 ZAR
ORD Sale 1,000 54.6400 ZAR
ORD Sale 1,078 54.9000 ZAR
ORD Sale 1,090 55.2700 ZAR
ORD Sale 1,311 55.3300 ZAR
ORD Sale 1,717 54.9300 ZAR
ORD Sale 1,800 54.6600 ZAR
ORD Sale 1,859 55.2900 ZAR
ORD Sale 2,000 55.5000 ZAR
ORD Sale 2,023 55.3400 ZAR
ORD Sale 2,035 54.9500 ZAR
ORD Sale 2,280 54.8100 ZAR
ORD Sale 2,487 55.2600 ZAR
ORD Sale 3,031 54.7800 ZAR
ORD Sale 3,330 55.2300 ZAR
ORD Sale 3,408 55.2400 ZAR
ORD Sale 3,766 55.2500 ZAR
ORD Sale 3,920 4.9040 GBP
ORD Sale 3,980 55.2000 ZAR
ORD Sale 4,000 54.5200 ZAR
ORD Sale 4,559 4.9181 GBP
ORD Sale 4,746 4.9088 GBP
ORD Sale 4,800 54.6900 ZAR
ORD Sale 5,349 4.8670 GBP
ORD Sale 9,105 4.8980 GBP
ORD Sale 10,458 54.6500 ZAR
ORD Sale 10,800 4.8988 GBP
ORD Sale 11,007 4.9174 GBP
ORD Sale 13,000 54.8000 ZAR
ORD Sale 14,190 4.9158 GBP
ORD Sale 15,401 4.9039 GBP
ORD Sale 15,961 4.9077 GBP
ORD Sale 17,500 55.3500 ZAR
ORD Sale 20,668 4.9107 GBP
ORD Sale 27,153 55.1000 ZAR
ORD Sale 30,461 55.3000 ZAR
ORD Sale 57,441 4.9093 GBP
ORD Sale 80,473 4.9175 GBP
(b) Derivatives transactions (other than options)
Class of Product Nature of dealing Number of Price
relevant description e.g. opening/ reference per unit
security e.g. CFD closing a long/ securities
short position,
increasing/reducing
a long/short position
ORD CFD Long 1,035 54.8971 ZAR
ORD CFD Long 2,358 54.9252 ZAR
ORD CFD Long 3,920 4.9040 GBP
ORD CFD Long 5,349 4.8670 GBP
ORD CFD Long 10,800 4.8988 GBP
ORD CFD Long 34,183 54.7768 ZAR
ORD CFD Long 45,695 55.2115 ZAR
ORD CFD Long 50,618 55.2056 ZAR
ORD CFD Long 57,441 4.9093 GBP
ORD CFD Short 985 55.2268 ZAR
ORD CFD Short 1,181 4.9318 GBP
ORD CFD Short 6,200 55.2623 ZAR
ORD CFD Short 13,622 55.1708 ZAR
ORD CFD Short 26,518 4.9082 GBP
ORD CFD Short 29,811 55.2163 ZAR
ORD CFD Short 83,271 55.0194 ZAR
ORD CFD Short 100,736 4.8937 GBP
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number Exercise Type Expiry Option
relevant description purchasing, of Price e.g. date Money
security e.g. selling, securities per unit paid/
call varying to which American, received
option etc. option European per unit
relates etc.
(ii) Exercising
Class of Product Number of Exercise
relevant description securities price
security e.g. call per unit
option
(d) Other dealings (including subscribing for new securities)
Class of Nature of Details Price per
Relevant dealing e.g. unit
security subscription, (if applicable)
conversion
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"
(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"
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? YES
Date of disclosure: 15 Jun 2010
Contact name: Geoff Smith
Telephone number: 020 7116 2913
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 monitoring@disclosure.org.uk.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO
PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Identity of the person whose positions/dealings
are being disclosed: Barclays PLC.
Name of offeror/offeree in relation to whose
relevant securities this from relates: INVESTEC
2. OPTIONS AND DERIVATIVES
Class of Product Writing, Number of Exercise Type Expiry
relevant description purchasing, securities price date
security selling, to which per unit
varying etc option
relates
ORD Futures Selling -260,000 17 Jun 2010
ORD Futures Purchased 540,800 16 Sep 2010
ORD Put Options Purchased 19,400 47.3000 American 16 Sep 2010
ORD Put Options Written -19,400 59.1300 American 16 Sep 2010
ORD Call Options Purchased 19,400 68.0000 American 16 Sep 2010
ORD Put Options Purchased 1,234,600 52.0000 American 16 Sep 2010
ORD Call Options Purchased 471,300 54.0000 American 17 Jun 2010
ORD Call Options Written -1,234,600 70.0000 American 16 Sep 2010
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the interest or position can be fully
understood:
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to
contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.