Director/PDMR Shareholding

RNS Number : 8811E

Investec PLC

03 March 2020

 

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

On 28 February 2020, 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.  Interests in Investec plc Ordinary Shares

1.1  Award of conditional shares to H du Toit, K McFarland,

 On 28 February 2020 and 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. These conditional share awards vest in the years three to seven from award date and are subject to a further twelve month retention period after each vesting date.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hendrik du Toit
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 278,352 conditional shares for nil consideration to Hendrik du Toit . These conditional share awards vest evenly in the third to seventh year from award date and are subject to a further twelve month retention period after each vesting date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 278,352 to Hendrik du Toit
d)	Aggregated information - Aggregated volume - Price	278,352 each Nil
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kim McFarland
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   222,765 conditional shares for nil consideration to Kim McFarland . These conditional share awards vest evenly in the third to seventh year from award date and are subject to a further twelve month retention period after each vesting date.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 222,765 to Kim McFarland
d)	Aggregated information - Aggregated volume - Price	222,765 Nil
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London

1.2 Award of fixed remuneration shares to the Executive Director

Pursuant to the Executive Directors' remuneration policy approved by shareholders, the Executive Director is to receive a contractual annual fixed remuneration award of £609,590, payable in shares (the "Fixed Remuneration Shares") and accordingly, on 28 February 2020, Investec made the following share award in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Plan. These shares will on award and will be released in two equal tranches in each of the two years following the year of award. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hendrik du Toit
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 remuneration of 139,176 shares for nil consideration, to vest on award and be released over a period of two years following the year of award
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 139,176 to Hendrik du Toit
d)	Aggregated information - Aggregated volume - Price	139,176 Nil
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London

1.3 Award of fixed remuneration shares to the Executive Director

Pursuant to the Executive Directors' remuneration policy approved by shareholders, the Executive Director is to receive a contractual annual fixed remuneration award of £487,855, payable in shares (the "Fixed Remuneration Shares") and accordingly, on 28 February 2020, 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 two equal tranches in each of the two years following the year of award. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kim McFarland
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 remuneration of 111,383 shares for nil consideration, to each of the Directors, to vest on award and be released over a period of two years following the year of award
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 111,383 to Kim McFarland
d)	Aggregated information - Aggregated volume - Price	111,383 Nil
e)	Date of the transaction	28 February 2020
f)	Place of the transaction	London

03 March 2020

Sponsor:

Investec Bank Limited

 

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