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 and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
On 8 June 2017, 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. Executive Directors: interests in Investec plc Ordinary Shares
1.1 Award of forfeitable shares to S Koseff, B Kantor and GR Burger (together the "Executive Directors")
On 8 June 2017 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following forfeitable share award (being the deferred portion of the Executive Directors' 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 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five year period from date of award.
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Stephen Koseff and Bernard 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
|
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 191 745 forfeitable shares for nil consideration to each of Stephen Koseff and Bernard Kantor
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
191,745 each
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Glynn Burger |
||||
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 168,081 forfeitable shares for nil consideration
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
168,081
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
1.2 Award of fixed allowance shares to the Executive Directors
Pursuant to the Executive Directors' remuneration policy approved by shareholders, each of the Executive Directors are to receive a contractual annual fixed allowance of £1 million each, payable in shares (the "Fixed Allowance Shares") and accordingly, on 8 June 2017, 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 five equal tranches in each of the five years following the year of award.
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Stephen Koseff, Bernard Kantor and Glynn Burger |
||||
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 allowance of 170,358 shares for nil consideration, to each of Stephen Koseff, Bernard Kantor and Glynn Burger, to vest on award and be released over a period of five years following the year of award
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
170,358 each
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
1.3 Award of conditional shares to the Executive Directors
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.
In accordance with the Plan rules, the awards are at nil cost and will vest in five tranches from years three to seven following the year of award
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Stephen Koseff and Bernard 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
|
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 290,781 conditional shares to each of Stephen Koseff and Bernard Kantor for nil consideration to vest in five tranches from 08 June 2020 to 08 June 2024
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
290,781 each
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Glynn Burger |
||||
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 259,914 conditional shares for nil consideration to vest in five tranches from 08 June 2020 to 08 June 2014
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
259,914
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
2. PDMRs and Company Secretary: interests in Investec plc Ordinary Shares
2.1 Award of forfeitable shares to PDMRs
On 8 June 2017, Investec made forfeitable share awards (being the 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 (the "Plan"). A portion of these forfeitable share awards vest immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting (each subject to a six month retention period after vesting) over a five year period from year of award.
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
David van der Walt |
||||
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
|
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 136,378 forfeitable shares for nil consideration
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
136,378
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
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
|
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 102,215 forfeitable shares for nil consideration
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
102,215
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Marc Kahn |
||||
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
|
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 26,206 forfeitable shares for nil consideration
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
26,206
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
2.2 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the year of award:
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Stephen Elliott |
||||
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
|
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 125,000 conditional shares for nil consideration to vest in three equal tranches on the third, fourth and fifth years from the date of award.
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
125,000
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally between years three to seven from award date. The awards are subject to a further six month retention period after vesting.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
David van der Walt |
||||
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 |
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 125,000 conditional shares for nil consideration which vest equally in years three to seven and are subject to a six month retention period |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
125,000 Nil |
||||
e) |
Date of the transaction |
08 June 2017 |
||||
f) |
Place of the transaction |
London |
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year five from date of award and are subject to a further six month retention period after vesting.
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 |
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 125,000 conditional shares for nil consideration which vest equally in years two and half, three and a half and year five from date of award and are subject to a further six month retention period after vesting |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
125,000 Nil |
||||
e) |
Date of the transaction |
08 June 2017 |
||||
f) |
Place of the transaction |
London |
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest equally in years two and half, three and a half and year four and a half from date of award and are subject to a further six month retention period after vesting.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Marc Kahn |
||||
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 |
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 75,000 conditional shares for nil consideration which vest equally in years two and half, three and a half and year four and a half from date of award and are subject to a further six month retention period after vesting. |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
75,000 Nil |
||||
e) |
Date of the transaction |
08 June 2017 |
||||
f) |
Place of the transaction |
London |
2.3 Award of conditional shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan"). These conditional share awards vest in years six and seven from award date.
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
David van der Walt |
||||
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
|
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 44,670 conditional shares for nil consideration which vest in years six and seven and are subject to a six month retention period |
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
44,670
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
London |
2.4 Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, David van der Walt and Marc Kahn disposed of the following number of forfeitable shares on 8 June 2017:
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
David van der Walt |
||||
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
|
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
|
On market sale of 32,675 ordinary shares in order to settle a tax liability related to prior year share awards which have now vested.
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
32,675
GBP187,100.32
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
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:
Number of shares |
32,675 |
Volume weighted average selling price |
GBP5.72 |
Total value of transaction |
GBP187,100.32 |
Highest price |
GBP5.75 |
Lowest price |
GBP5.71 |
Nature of interest |
Direct beneficial |
Date and place of transaction |
08 June 2017, London |
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Marc Kahn |
||||
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
|
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
|
On market sale of 8,324 ordinary shares in order to settle a tax liability related to prior year share awards which have now vested.
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
8,324
GBP47,664.06
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
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:
Number of shares |
8,324 |
Volume weighted average selling price |
GBP5.72 |
Total value of transaction |
GBP47,664.06 |
Highest price |
GBP5.75 |
Lowest price |
GBP5.71 |
Nature of interest |
Direct beneficial |
Date and place of transaction |
08 June 2017, London |
2.5 Award of forfeitable shares in Investec plc ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec plc by the Company Secretary:
On 8 June 2017, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share incentive plan. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
Company Secretary: |
Number of forfeitable shares: |
David Miller |
15000 |
3. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
3.1 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 8 June 2017, Investec made conditional share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These conditional share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Richard Wainwright |
||||
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 Limited |
||||
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 ZAR0.0002 each
ZAE000081949
|
||||
b)
|
Nature of the transaction
|
Award of 125,000 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
125,000
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
Johannesburg |
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
a)
|
Name
|
Nishlan Samujh |
||||
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 Limited |
||||
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 ZAR0.0002 each
ZAE000081949
|
||||
b)
|
Nature of the transaction
|
Award of 75,000 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
|
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information
- Aggregated volume
- Price
|
75,000
Nil
|
||||
e)
|
Date of the transaction
|
08 June 2017 |
||||
f)
|
Place of the transaction
|
Johannesburg |
3.2 Award of forfeitable shares in Investec Limited ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec Limited by the Company Secretary:
On 8 June 2017, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
Company Secretary: |
Number of forfeitable shares: |
Niki van Wyk |
15000 |
3.3 Disposal of Investec Limited ordinary shares
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Marc Kahn |
||||
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 Limited |
||||
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 ZAR0.0002 each ZAE000081949 |
||||
b) |
Nature of the transaction |
On market sale of 93,750 shares following the vesting and exercise of nil cost options in terms of the Investec Limited Incentive Share Incentive Plan. |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
93,750 96.06 |
||||
e) |
Date of the transaction |
08 June 2017 |
||||
f) |
Place of the transaction |
Johannesburg |
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:
Number of shares |
93,750 |
Volume weighted average selling price |
ZAR96.06 |
Total value of transaction |
ZAR9,006,159.38 |
Highest price |
ZAR96.65 |
Lowest price |
ZAR95.60 |
Nature of interest |
Direct beneficial |
Date and place of transaction |
08 June 2017, Johannesburg |
12 June 2017
Sponsor:
Investec Bank Limited