Director/PDMR Shareholding

RNS Number : 3758Z

Investec PLC

14 December 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 Guidance and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

TRANSACTION BY A PDMR IN INVESTEC PLC ORDINARY SHARES.

Investec has been advised that David van der Walt disposed of the following number of ordinary shares in Investec plc (INP Shares) on 13 December 2017 in order to settle a tax liability related to prior year share awards which have now vested.  At the same time, David van der Walt took up shares per the disclosure below.

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 shares to cover taxation due on vesting of conditional awards.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP4.75 23,547
d)	Aggregated information - Aggregated volume - Price	23,547 GBP4.75
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London

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	Take up of shares on vesting of conditional awards.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP4.75 26,453
d)	Aggregated information - Aggregated volume - Price	26,453 GBP4.75
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London

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

Transaction Dated	13 December 2017
Volume weighted average price	GBP4.75
Total value of transaction	GBP111,894.71
Highest price	GBP4.774
Lowest price	GBP4.724
Nature of interest	Direct beneficial

Transaction Dated	13 December 2017
Volume weighted average price	GBP4.75
Total value of transaction	GBP125,703.94
Highest price	GBP4.774
Lowest price	GBP4.724
Nature of interest	Direct beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg and London

14 December 2017

Sponsor:

Investec Bank Limited

 

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