Director/PDMR Shareholding

RNS Number : 5886U

Investec PLC

26 June 2009

 



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')

In accordance with Disclosure and Transparency Rules ('DTR') 3.1.4R (1) (a) and 3.1.4R(1)(b), Investec plc confirms that, on the 25th June 2009, the following directors of Investec plc were granted an award under the Investec Share Matching Plan 2005 (the 'Incentive Plan').  

In terms of the Incentive Plan an award under the Incentive Plan comprises conditional entitlements to a number of Matching Shares, subject to performance conditions, taking the form of nil cost options over Investec plc ordinary shares, as set out in the table below. 

Director	Normal date of vesting	Number of Incentive Plan Matching Shares awarded	Total Number of Matching Shares held following the award
Glynn Burger	Tranches - 75% June 2013; 25% June 2014	300,000	1,050,000
Bernard Kantor	Tranches - 75% June 2013; 25% June 2014	300,000	1,050,000
Stephen Koseff	Tranches - 75% June 2013; 25% June 2014	300,000	1,050,000

Award of nil cost options in Investec plc ordinary shares  

On the 25th June 2009, Investec made forfeitable 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 25 June 2013 and the remaining 25% of the options are exercisable on 25 June 2014, 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) and 3.1.4R (1) (b), Investec plc advises of the following transactions by Persons Discharging Managerial Responsibility ('PDMRs'):

PDMR	NUMBER OF OPTIONS AWARDED
Bradley Fried	300,000
Steven Heilbron	300,000
David van der Walt	300,000
Hendrik du Toit	250,000

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec plc by the Company Secretary:

	NUMBER OF OPTIONS AWARDED
David Miller	20,000

2.    TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the 'INVESTEC 
       LIMITED ORDINARY SHARES') 

Award of nil cost options in Investec Limited ordinary shares  

On the 25th June 2009, Investec made forfeitable awards in respect of nil cost options in the capital of Investec Limited 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 25 June 2013 and the remaining 25% of the options are exercisable on 25 June 2014, 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) and 3.1.4R (1) (b), Investec plc advises of the following transactions by PDMRs:

PDMR	NUMBER OF OPTIONS AWARDED
Andrew Leith	300,000
Sam Hackner	300,000

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, Investec Limited advises of the following changes to attributable interests in Investec Limited by a director of a major subsidiary of Investec Limited:

	NUMBER OF OPTIONS AWARDED
David Lawrence	100,000

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, Investec Limited advises of the following changes to attributable interests in Investec Limited by the Company Secretary:

	NUMBER OF OPTIONS AWARDED
Benita Coetsee	20,000

Johannesburg and London 

26 June 2009 

Sponsor:

Investec Bank Limited

 

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