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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