Director/PDMR Shareholding

RNS Number : 1775J

Investec PLC

28 November 2008

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06   JSE share code: INL   ISIN: ZAE000081949 Investec plc  Incorporated in England and Wales Registration number 3633621 JSE share code: INP ISIN: GB00B17BBQ50

ATTRIBUTABLE INTERESTS IN THE ORDINARY SHARE CAPITAL OF INVESTEC LIMITED

As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited 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 the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the 'UKLA') and/or the JSE Listing Requirements.

The Company received notification on the 28th November 2008 of the following changes to attributable interests in the ordinary shares of Investec Limited:

TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH. 

Transactions by a Director of Investec plc and Investec Limited - Bernard Kantor

Mr Kantor entered into a zero cost collar hedge on the 27th November 2008 and the following information in relation to Mr. Kantor's indirect beneficial interests is disclosed in compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements:

(a)    Purchase of put options

Date of transaction:	27 November 2008
Nature of transaction:	Purchase of put options expiring on 27 May 2009
Number of shares:	1,000,000 Investec Limited ordinary shares
Price per share:	ZAR40.00
Nature of interest:	Indirect beneficial

(b)     Sale of call options     

Date of transaction:	27 November 2008
Nature of transaction:	Sale of call options expiring on 27 May 2009
Number of shares:	2,000,000 Investec Limited ordinary shares
Price per share:	ZAR50.00
Nature of interest:	Indirect beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg and London 

28 November 2008

Sponsor:

Investec Bank Limited

 

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