Director/PDMR Shareholding

RNS Number : 8552H

Investec PLC

12 June 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) 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 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.

On 8 June 2017, the Remuneration Committee of Investec met and agreed the awards of conditional shares to Investec staff. Accordingly, we advise of the following transactions in shares:

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

1.    Executive Directors: interests in Investec plc Ordinary Shares

1.1  Award of forfeitable shares to S Koseff, B Kantor and GR Burger (together the "Executive Directors")

On 8 June 2017 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following forfeitable share award (being the deferred portion of the Executive Directors' short term incentive awards) in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five  year period from date of award.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Koseff and 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 plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 191 745 forfeitable shares for nil consideration to each of Stephen Koseff and Bernard Kantor
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 191,745 to each of Stephen Koseff and Bernard Kantor
d)	Aggregated information - Aggregated volume - Price	191,745 each Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glynn Burger
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 plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 168,081 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 168,081
d)	Aggregated information - Aggregated volume - Price	168,081 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1.2  Award of fixed allowance shares to the Executive Directors

Pursuant to the Executive Directors' remuneration policy approved by shareholders, each of the Executive Directors are to receive a contractual annual fixed allowance of £1 million each, payable in shares (the "Fixed Allowance Shares") and accordingly, on 8 June 2017, Investec made the following share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Plan.  These shares will vest on award and will be released in five equal tranches in each of the five years following the year of award.  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Koseff, Bernard Kantor and Glynn Burger
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 plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of fixed allowance of 170,358 shares for nil consideration, to each of Stephen Koseff, Bernard Kantor and Glynn Burger, to vest on award and be released over a period of five years following the year of award
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 170,358 to each of Stephen Koseff, Bernard Kantor and Glynn  Burger
d)	Aggregated information - Aggregated volume - Price	170,358 each Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1.3   Award of conditional shares to the Executive Directors

Pursuant to the Executive Directors' remuneration policy approved by shareholders, new long-term Incentive awards of conditional shares have been made to the Executives, as set out below.

In accordance with the Plan rules, the awards are at nil cost and will vest in five  tranches from years three to seven following the year of award  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Koseff and 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 plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 290,781 conditional shares to each of Stephen Koseff and Bernard Kantor for nil consideration to vest in five tranches from 08 June 2020 to 08 June 2024
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 290,781 to each of Stephen Koseff and Bernard Kantor.
d)	Aggregated information - Aggregated volume - Price	290,781 each Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glynn Burger
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 plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 259,914 conditional shares for nil consideration to vest in five  tranches from 08 June 2020 to 08 June 2014
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 259,914
d)	Aggregated information - Aggregated volume - Price	259,914 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

2.    PDMRs and Company Secretary: interests in Investec plc Ordinary Shares

2.1   Award of forfeitable shares to PDMRs

On 8 June 2017, Investec made forfeitable share awards (being the deferred portion of short term incentive awards) in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five year period from year of award.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David van der Walt
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 136,378 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 136,378
d)	Aggregated information - Aggregated volume - Price	136,378 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ciaran Whelan
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 102,215 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 102,215
d)	Aggregated information - Aggregated volume - Price	102,215 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marc Kahn
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 26,206 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 26,206
d)	Aggregated information - Aggregated volume - Price	26,206 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

2.2   Award of conditional shares to PDMRs

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the year of award:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Elliott
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 125,000 conditional shares for nil consideration to vest in three equal tranches on the third, fourth and fifth years from the date of award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 125,000
d)	Aggregated information - Aggregated volume - Price	125,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally between years three to seven from award date. The awards are subject to a further six month retention period after vesting.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David van der Walt
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 125,000 conditional shares for nil consideration which vest equally in years three to seven and are subject to a six month retention period
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 125,000
d)	Aggregated information - Aggregated volume - Price	125,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year five from date of award and are subject to a further six month retention period after vesting.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ciaran Whelan
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 125,000 conditional shares for nil consideration which vest equally in years two and half, three and a half and year five from date of award and are subject to a further six month retention period after vesting
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 125,000
d)	Aggregated information - Aggregated volume - Price	125,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year four and a half from date of award and are subject to a further six month retention period after vesting.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marc Kahn
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 75,000 conditional shares for nil consideration which vest equally in years two and half, three and a half and year four and a half from date of award and are subject to a further six month retention period after vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 75,000
d)	Aggregated information - Aggregated volume - Price	75,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

2.3   Award of conditional shares to PDMRs

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest in years six and seven from award date.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David van der Walt
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	Award of 44,670 conditional shares for nil consideration which vest in years six and seven and are subject to a six month retention period
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 44,670
d)	Aggregated information - Aggregated volume - Price	44,670 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

2.4   Disposal of shares by a PDMR

       The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, David van der Walt and Marc Kahn disposed of the following number of forfeitable shares on 8 June 2017:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David van der Walt
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	On market sale of 32,675 ordinary shares in order to settle a tax liability related to prior year share awards which have now vested.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP5.72 32,675
d)	Aggregated information - Aggregated volume - Price	32,675 GBP187,100.32
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:

Number of shares	32,675
Volume weighted average selling price	GBP5.72
Total value of transaction	GBP187,100.32
Highest price	GBP5.75
Lowest price	GBP5.71
Nature of interest	Direct beneficial
Date and place of transaction	08 June 2017, London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marc Kahn
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Investec plc
b)	LEI	2138007Z3U5GWDN3MY22
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	Ordinary shares of GBP0.0002 each GB00B17BBQ50
b)	Nature of the transaction	On market sale of 8,324 ordinary shares in order to settle a tax liability related to prior year share awards which have now vested.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP5.72 8,324
d)	Aggregated information - Aggregated volume - Price	8,324 GBP47,664.06
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	London

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:

Number of shares	8,324
Volume weighted average selling price	GBP5.72
Total value of transaction	GBP47,664.06
Highest price	GBP5.75
Lowest price	GBP5.71
Nature of interest	Direct beneficial
Date and place of transaction	08 June 2017, London

2.5   Award of forfeitable shares in Investec plc ordinary shares to Company Secretary

       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:

On 8 June 2017, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

Company Secretary:	Number of forfeitable shares:
David Miller	15000

3.    TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES") 

3.1   Award of conditional shares in Investec Limited ordinary shares to PDMRs 

On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Wainwright
2	Reason for the notification
a)	Position/status	PDMR
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	Ordinary shares of ZAR0.0002 each ZAE000081949
b)	Nature of the transaction	Award of 125,000 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 125,000
d)	Aggregated information - Aggregated volume - Price	125,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	Johannesburg

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nishlan Samujh
2	Reason for the notification
a)	Position/status	PDMR
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	Ordinary shares of ZAR0.0002 each ZAE000081949
b)	Nature of the transaction	Award of 75,000 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 75,000
d)	Aggregated information - Aggregated volume - Price	75,000 Nil
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	Johannesburg

3.2   Award of forfeitable shares in Investec Limited ordinary shares to Company Secretary

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

On 8 June 2017, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:

Company Secretary:	Number of forfeitable shares:
Niki van Wyk	15000

3.3   Disposal of Investec Limited ordinary shares

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marc Kahn
2	Reason for the notification
a)	Position/status	PDMR
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	Ordinary shares of ZAR0.0002 each ZAE000081949
b)	Nature of the transaction	On market sale of 93,750 shares following the vesting and exercise of nil cost options in terms of the Investec Limited Incentive Share Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) ZAR96.06 93,750
d)	Aggregated information - Aggregated volume - Price	93,750 96.06
e)	Date of the transaction	08 June 2017
f)	Place of the transaction	Johannesburg

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:

Number of shares	93,750
Volume weighted average selling price	ZAR96.06
Total value of transaction	ZAR9,006,159.38
Highest price	ZAR96.65
Lowest price	ZAR95.60
Nature of interest	Direct beneficial
Date and place of transaction	08 June 2017, Johannesburg

12 June 2017

Sponsor:

Investec Bank Limited

 

END

 

 

DSHGGUAAQUPMGCP