Director/PDMR Shareholding

RNS Number : 4247G

Investec PLC

03 March 2015

 



Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06       JSE ordinary share code: INL   NSX ordinary share code: IVD BSE ordinary 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 (together "Investec")

As part of the dual listed company structure, Investec plc and Investec Limited 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 the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.

Investec received notification on the 03 March 2015 of the following changes to attributable interests in the ordinary shares of Investec Limited which Investec notifies in compliance with Rule 3.14R(1)(a) of the UKLA's Disclosure and Transparency Rules:
 

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

1)         Transactions by a PDMR - Allen Zimbler

Nature of transaction	Sale of Ordinary Shares
Number of Securities	600,000
Volume weighted average selling price	ZAR104.62
Total value of transaction	ZAR62,774,292.00
Highest price	ZAR104.78
Lowest price	ZAR104.60
Nature of interest	Indirect beneficial
Date and place of transaction	25 February 2015, Johannesburg

2)         Transactions by a PDMR - David van der Walt

David van der Walt entered into a zero cost collar hedge on the 02 March 2015 and the following information in relation to David van der Walt's indirect beneficial interests is disclosed:

(a)        Purchase of put options

Date of transaction:	02 March 2015
Nature of transaction:	Purchase of put options expiring on 02 March 2017
Number of shares:	500,000 Ordinary Shares
Price per share:	ZAR98.19
Nature of interest:	Direct beneficial

(b)        Sale of call options

Date of transaction:	02 March 2015
Nature of transaction:	Sale of call options expiring on 02 March 2017
Number of shares:	500,000 Ordinary Shares
Price per share:	ZAR142.64
Nature of interest:	Direct beneficial

Pursuant to the above hedge transaction, David van der Walt pledged 500,000 Ordinary Shares as security for the due performance of his obligations arising out of the collar arrangement. David van der Walt retains the voting rights on these Ordinary Shares.

Clearance was obtained for the above dealings in securities.

Johannesburg and London

03 March 2015

Sponsor:

Investec Bank Limited

 

END

 

 

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