Director/PDMR Shareholding

RNS Number : 9362X

Investec PLC

14 December 2010

 



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

(together "Investec")

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

Accordingly, we advise of the following changes to attributable interests in the ordinary shares of Investec plc and Investec Limited:

1.         TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")

Award of nil cost options in Investec plc ordinary shares 

On 10 December 2010, Investec made awards in respect of nil cost options in the capital of Investec plc for nil consideration pursuant to its Long Term Incentive Plan ("LTIP"). In terms of the LTIP plan rules, 75% of the options are exercisable on 10 December 2014 and the remaining 25% of the options are exercisable on 10 December 2015, on condition that the participant is still employed by Investec. The awards are in accordance with the determination of the Remuneration Committee and with the rules of the LTIP plan.

In accordance with Disclosure and Transparency Rules ("DTR") 3.1.4R (1) (a) Investec plc advises of the following transactions by Persons Discharging Managerial Responsibility ("PDMRs"):

PDMR	NUMBER OF OPTIONS AWARDED
Stephen Elliott	185,000

Johannesburg and London

14 December 2010

Sponsor:

Investec Bank Limited

 

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