Director/PDMR Shareholding

RNS Number : 2268B

Investec PLC

31 March 2017

 

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

As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") 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) and persons closely associated with them, 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 Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

TRANSACTIONS BY DIRECTOR IN INVESTEC LIMITED ORDINARY SHARES.

Investec has been advised that, pursuant to a realignment of B Kantor's portfolio, the nature of B Kantor's interest over 900,000 Investec Limited ordinary shares of ZAR0.0002 each (the INL Shares) has changed from indirect beneficial to direct beneficial. Furthermore, pursuant to the portfolio realignment, B Kantor has disposed 500,000 INL Shares.

Following the transaction, B Kantor has interests over 2,300,500 INL Shares and 1,164,359 Investec plc ordinary shares of GBP0.0002 each (the INP Shares).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bernard Kantor
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec Limited
b)	LEI	n/a
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	INL Shares ZAE000081949
b)	Nature of the transaction	Change in interest over 900,000 INL Shares from indirect to direct beneficial
c)	Price(s) and volume(s)	Price(s) Volume(s) ZAR94.63 900,000
d)	Aggregated information - Aggregated volume - Price	900,000 ZAR94.63
e)	Date of the transaction	28 March 2017
f)	Place of the transaction	Johannesburg

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following additional information is disclosed in respect of the transaction as disclosed above:

Volume weighted average price	ZAR94.63
Total value of transaction	ZAR85,167,000
Highest price	ZAR94.63
Lowest price	ZAR94.63
Nature of interest	Indirect beneficial
Nature of the transaction	Off-market

As noted above, B Kantor disposed of  500,000 INL Shares:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bernard Kantor
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec Limited
b)	LEI	n/a
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	INL Shares ZAE000081949
b)	Nature of the transaction	Disposal of 500,000 INL Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) ZAR94.63 500,000
d)	Aggregated information - Aggregated volume - Price	500,000 ZAR94.63
e)	Date of the transaction	28 March 2017
f)	Place of the transaction	Johannesburg

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following additional information is disclosed in respect of the transaction as disclosed above:

Volume weighted average price	ZAR94.63
Total value of transaction	ZAR47,315,000
Highest price	ZAR94.63
Lowest price	ZAR94.63
Nature of interest	Indirect beneficial
Nature of the transaction	Off-market

Clearance was obtained for the above dealings in securities.

Johannesburg and London

31 March 2017

Sponsor:

Investec Bank Limited

 

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