Director/PDMR Shareholding

RNS Number : 4799R

Investec PLC

09 December 2016

 

Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE share code: INL NSX share code: INL    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 IN INVESTEC PLC ORDINARY SHARES.

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	TBC
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 (INP Shares) GB00B17BBQ50
b)	Nature of the transaction	On 2 June 2016 Investec made forfeitable share awards (being a 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. A portion of these forfeitable share awards vested immediately on award and were subject to a six month retention period, with the remaining forfeitable shares vesting in two equal tranches (each subject to a six month retention period after vesting) over a two year period from date of award. The shares below are being disposed following the conclusion of the retention period.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP5.27 per share 52,741
d)	Aggregated information - Aggregated volume - Price	52,741 GBP5.27
e)	Date of the transaction	9 December 2016
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:

Volume weighted average price	GBP5.27
Total value of transaction	GBP227,945.07
Highest price	GBP5.27
Lowest price	GBP5.27
Nature of interest	Direct beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg and London

9 December 2016

Sponsor:

Investec Bank Limited

 

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