Director/PDMR Shareholding

RNS Number : 1718Q

Investec PLC

15 June 2015

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP 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.

Investec was advised on 15 June 2015 of the following changes to attributable interests in the ordinary shares of Investec plc and Investec Limited:

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

1.    PDMR: interests in Investec plc Ordinary Shares

1.1   Award of forfeitable shares to a PDMR

On 12 June 2015, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to its Long Term Incentive Plan.

These forfeitable share awards vest as follows: 66.695% will vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting in three equal tranches (each subject to a six month retention period) over a three year period from the date of award: 

PDMR:	Number of forfeitable shares:
Allen Zimbler	55,368

1.2   Disposal of shares by a PDMR

       The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Allen Zimbler disposed of the following number of forfeitable shares on 12 June 2015:

Transaction notified in terms of:	DTR3.1.4R(1)(a)
Security	Investec plc ordinary shares of GBP0.0002 each
Nature of transaction	On market sale
Number of shares	17,392
Volume weighted average selling price	GBP5.82
Total value of transaction	GBP101,184.92
Highest price	GBP5.82
Lowest price	GBP5.81
Nature of interest	Direct beneficial
Date and place of transaction	12 June 2015, London

Clearance was obtained for the above dealings in securities. 

Johannesburg and London

15 June 2015

Sponsor:

Investec Bank Limited

 

END

 

 

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