Form 8 (DD) - Investec plc

RNS Number : 6310K

Investec PLC

22 April 2010

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL ISIN: ZAE000081949

Investec plc Incorporated in England and Wales Registration number 3633621 JSE share code: INP ISIN: GB00B17BBQ50

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Identity of the party to the offer or person acting in concert making the disclosure:	INVESTEC PLC (DEALINGS BY INVESTEC BANK PLC, INVESTEC SECURITIES LTD, INVESTEC ASSET MANAGEMENT (PTY) LTD)
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	INVESTEC PLC
(d) Status of person making the disclosure:      e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)	OFFEROR
(e) Date dealing undertaken:	21/04/2010
(f)  Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	YES - INVESTEC LTD

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

Class of relevant security:	0.02p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	44,321,672	9.4418
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:	527,100	0.1119	4,215,000	0.8947
TOTAL:	44,848,772	9.5197	4,215,000	0.8947

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:	0.02p ordinary
Details, including nature of the rights concerned and relevant percentages:	1,643,900 staff share options

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
0.02p ordinary	INVESTEC ASSET MANAGEMENT (PTY) LTD Sale INVESTEC BANK PLC Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale INVESTEC SECURITIES LTD Purchase Purchase Purchase Purchase Purchase Sale Sale Sale Sale Sale Sale Sale	71,696 5,511 106,227 729 30,128 110,402 955 18,698 803 4,037 2,108 309 3,535 803 19,048 796 8,101 7,133 3,773 15,000 15,000 15,000 22,500 22,500 60,253 3,105 27,455 3,159 48,002 1,070 1,070 1,070 21,000 222 740 500 1,000 40 7,391 225 496	ZAR 61.10 GBP 5.385 GBP 5.39 GBP 5.3925 GBP 539.5 GBP 5.40 GBP 5.4025 GBP 5.405 GBP 5.4075 GBP 5.41 GBP 5.335 GBP 5.3375 GBP 5.345 GBP 5.3475 GBP 5.35 GBP 5.3525 GBP 5.355 GBP 5.36 GBP 5.365 GBP 5.37 GBP 5.375 GBP 5.38 GBP 5.39 GBP 5.395 GBP 5.40 GBP 5.4025 GBP 5.405 GBP 5.4075 GBP 5.41 ZAR 61.10 ZAR 61.34 ZAR 61.40 ZAR 61.45 ZAR 61.81 ZAR 61.00 ZAR 61.15 ZAR 61.20 ZAR 61.40 ZAR 61.42 ZAR 61.55 ZAR 61.80

(b)        Derivatives transactions (other than options)

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
0.02p ordinary	Futures	Purchasing	1,500		European	17/06/2010

(ii)        Exercising

Class of relevant security	Product description e.g. call option	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person: If there are no such agreements, arrangements or understandings, state "none"

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	YES
Supplemental Form 8 (SBL)	NO

Date of disclosure:	22/04/2010
Contact name:	DAVID BURFOOT
Telephone number:	0207 597 4394

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Identity of person whose open positions are being disclosed:	INVESTEC SECURITIES LTD
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	INVESTEC PLC

2.         OPTIONS AND DERIVATIVES

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
0.02p ordinary	Call Option	Purchased	452,100	58 Rand	American	17/06/2010
0.02p ordinary	Call Option	Written	17,600	54 Rand	American	17/06/2010
0.02p ordinary	Call Option	Written	75,000	80 Rand	European	15/10/2010
0.02p ordinary	Put Option	Written	75,000	80 Rand	European	15/10/2010
0.02p ordinary	Futures	Written	269,100		European	17/06/2010
0.02p ordinary	Futures	Written	101,000		European	16/09/2010
0.02p ordinary	Futures	Written	1,865,800		European	15/12/2010
0.02p ordinary	Futures	Written	360,100		European	17/03/2011
0.02p ordinary	Futures	Written	1,526,400		European	17/06/2010

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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