Director/PDMR Shareholding

RNS Number : 8504K

Investec PLC

26 September 2016

 

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

TRANSACTIONS BY DIRECTOR IN INVESTEC PLC ORDINARY SHARES.

Ian Kantor entered into a sale of Investec plc ordinary shares and the purchase of call options over Investec plc ordinary shares on 23 September 2016 and the following information in relation to Ian Kantor's indirect beneficial interests is disclosed:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Kantor
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	n/a
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	Sale of 2,400,000 INP Shares for GBP4.74 per share
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP4.74 2,400,000
d)	Aggregated information - Aggregated volume - Price	2,400,000 GBP4.74
e)	Date of the transaction	23 September 2016
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 (INP Shares) GB00B17BBQ50
b)	Nature of the transaction	European Style Call - purchase of 600,000 call options at a strike price of GBP3.79 per share expiring on 22 March 2021
c)	Price(s) and volume(s)	Price(s) Volume(s) PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.79 600,000
d)	Aggregated information - Aggregated volume - Price	CALL OPTIONS - 600,000 CALL OPTIONS - STRIKE PRICE OF GBP3.79
e)	Date of the transaction	23 September 2016
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 (INP Shares) GB00B17BBQ50
b)	Nature of the transaction	European Style Call - purchase of 600,000 call options at a strike price of GBP3.56 per share expiring on 22 June 2021
c)	Price(s) and volume(s)	Price(s) Volume(s) PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.56 600,000
d)	Aggregated information - Aggregated volume - Price	CALL OPTIONS - 600,000 CALL OPTIONS - STRIKE PRICE OF GBP3.56
e)	Date of the transaction	23 September 2016
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 (INP Shares) GB00B17BBQ50
b)	Nature of the transaction	European Style Call - purchase of 600,000 call options at a strike price of GBP3.32 per share expiring on 22 September 2021
c)	Price(s) and volume(s)	Price(s) Volume(s) PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.32 600,000
d)	Aggregated information - Aggregated volume - Price	CALL OPTIONS - 600,000 CALL OPTIONS - STRIKE PRICE OF GBP3.32
e)	Date of the transaction	23 September 2016
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 (INP Shares) GB00B17BBQ50
b)	Nature of the transaction	European Style Call - purchase of 600,000 call options at a strike price of GBP3.08 per share expiring on 22 December 2021
c)	Price(s) and volume(s)	Price(s) Volume(s) PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.08 600,000
d)	Aggregated information - Aggregated volume - Price	CALL OPTIONS - 600,000 CALL OPTIONS - STRIKE PRICE OF GBP3.08
e)	Date of the transaction	23 September 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 in respect of the sale of 2,400,000 INP Shares as disclosed above:

Volume weighted average price	GBP4.74
Total value of transaction	GBP11,376,000
Highest price	GBP4.74
Lowest price	GBP4.74
Nature of interest	Indirect beneficial
Nature of the transaction	Off-market

Clearance was obtained for the above dealings in securities.

Johannesburg and London

26 September 2016

Sponsor:

Investec Bank Limited

 

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