Director/PDMR Shareholding

RNS Number : 2533A

Investec PLC

28 May 2021

 

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 LEI: 213800CU7SM6O4UWOZ70 Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22

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 LEI: 213800CU7SM6O4UWOZ70 Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22

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 Listing Requirements.

On 26 May 2021, the Remuneration Committee of Investec met and agreed the awards 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 - Executive Directors

1.1  Award of forfeitable shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")

On 27 May 2021 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following forfeitable share award (being the upfront 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"). These forfeitable share awards vest immediately on award and are subject to a twelve month retention period.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fani Titi
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 189,818 forfeitable shares for nil consideration to Fani Titi
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 189,818
d)	Aggregated information - Aggregated volume - Price	189,818 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ciaran Whelan and Richard Wainwright
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 148,553 forfeitable shares for nil consideration to each of Ciaran Whelan and Richard Wainright
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 148,553 to each
d)	Aggregated information - Aggregated volume - Price	148,553 each Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nishlan Samujh
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 94,909 forfeitable shares for nil consideration to Nishlan Samujh
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 94,909
d)	Aggregated information - Aggregated volume - Price	94,909 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

Disposal of shares by an executive director

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Fani Titi disposed of the following number of forfeitable shares on 27 May 2021.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fani Titi
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	On market sale of 87,498 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 87,498
d)	Aggregated information - Aggregated volume - Price	87,498 GBP 3.05
e)	Date of the transaction	27 May 2021
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	87,498
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 267 236.39
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

Disposal of shares by an executive director

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Richard Wainwright disposed of the following number of forfeitable shares on 27 May 2021

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Wainwright
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	On market sale of 66,983 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 66,983
d)	Aggregated information - Aggregated volume - Price	66,983 GBP 3.05
e)	Date of the transaction	27 May 2021
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	66,983
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 204,579.48
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

Disposal of shares by an executive director

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Nishlan Samujh disposed of the following number of forfeitable shares on 27 May 2021.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nishlan Samujh
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	On market sale of 42,812 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 42,812
d)	Aggregated information - Aggregated volume - Price	42,812 GBP 3.05
e)	Date of the transaction	27 May 2021
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	42,812
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 130,756.41
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

1.2  Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")

  On 27 May 2021 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following conditional share awards (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"). These conditional share awards vest from years one 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	Fani Titi
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 140,926 conditional shares for nil consideration to Fani Titi . These conditional share awards vest from one to seven years 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 140,926
d)	Aggregated information - Aggregated volume - Price	140,926 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ciaran Whelan and Richard Wainwright
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 109,902 conditional shares for nil consideration to each of Ciaran Whelan and Richard Wainright. These conditional share awards vest from one to seven years 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 109,902 each
d)	Aggregated information - Aggregated volume - Price	109,902 each Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nishlan Samujh
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 70,463 conditional shares for nil consideration to Nishlan Samujh. These conditional share awards vest from one to seven years 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 70,463
d)	Aggregated information - Aggregated volume - Price	70,463 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1.3  Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")

  Pursuant to the Executive Directors' remuneration policy approved by shareholders , long-term Incentive awards of conditional shares have been made to the Executives, as set out below. These conditional share awards vest from 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	Fani Titi
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 349,651 conditional shares to Fani Titi for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 349,651
d)	Aggregated information - Aggregated volume - Price	349,651 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ciaran Whelan and Richard Wainwright
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 279,721 conditional shares each to Ciaran Whelan and Richard Wainwright for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 279,721 each
d)	Aggregated information - Aggregated volume - Price	279,721 each Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nishlan Samujh
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 174,826 conditional shares to Nishlan Samujh for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 174,826
d)	Aggregated information - Aggregated volume - Price	174,826 Nil
e)	Date of the transaction	27 May 2021
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 27 May 2021, Investec made forfeitable share awards (being the upfront 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"). These forfeitable share awards vest immediately on award and are subject to a twelve month retention period.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Leas
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 48,802 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 48,802
d)	Aggregated information - Aggregated volume - Price	48,802 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lyndon Subroyen
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 52,642 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 52,642
d)	Aggregated information - Aggregated volume - Price	52,642 Nil
e)	Date of the transaction	27 May 2021
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 47,695 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 47,695
d)	Aggregated information - Aggregated volume - Price	47,695 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Currie
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 73,011 forfeitable shares for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 73,011
d)	Aggregated information - Aggregated volume - Price	73,011 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

Disposal of shares by a PDMR

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Ruth Leas disposed of the following number of forfeitable shares on 27 May 2021

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Leas
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	On market sale of 22,983 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 22,983
d)	Aggregated information - Aggregated volume - Price	22,983 GBP 3.05
e)	Date of the transaction	27 May 2021
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	22,983
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 70 194.68
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

Disposal of shares by a PDMR

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Lyndon Subroyen disposed of the following number of forfeitable shares on 27 May 2021

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lyndon Subroyen
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	On market sale of 24,792 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 24,792
d)	Aggregated information - Aggregated volume - Price	24,792 GBP 3.05
e)	Date of the transaction	27 May 2021
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	24,792
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 75,719.73
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

Disposal of shares by a PDMR

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Marc Kahn disposed of the following number of forfeitable shares on 27 May 2021

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Marc Kahn
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	On market sale of 22,462 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 22,462
d)	Aggregated information - Aggregated volume - Price	22,462 GBP 3.05
e)	Date of the transaction	27 May 2021
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	22,462
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 68,603.44
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

Disposal of shares by a PDMR

The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Mark Currie disposed of the following number of forfeitable shares on 27 May 2021

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Currie
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	On market sale of 32,921 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.05 32,921
d)	Aggregated information - Aggregated volume - Price	32,921 GBP 3.05
e)	Date of the transaction	27 May 2021
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	32,921
Volume weighted average selling price	GBP 3.05
Total value of transaction	GBP 100,547.32
Highest price	GBP 3.08
Lowest price	GBP 2.96
Nature of interest	Direct beneficial
Date and place of transaction	27 May 2021, London

2.2 Award of conditional shares to PDMRs

On 27 May 2021, Investec made conditional 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").

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 36,111 conditional shares for nil consideration to Marc Kahn which vest in three tranches from 27 May 2022 to 27 May 2024. These conditional share awards vest from years one to three 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 36,111
d)	Aggregated information - Aggregated volume - Price	36,111 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lyndon Subroyen
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 48,066 conditional shares for nil consideration to Lyndon Subroyen which vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 48,066
d)	Aggregated information - Aggregated volume - Price	48,066 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Leas
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 4,413 conditional shares for nil consideration to Ruth Leas which vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 4,413
d)	Aggregated information - Aggregated volume - Price	4,413 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

2.3 Award of conditional shares to PDMRs

On 27 May 2021, Investec made conditional share awards (being a long 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").

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 83,917 conditional shares for nil consideration to Marc Kahn which vest in three tranches from 27 May 2023 to 27 May 2025. These conditional share awards vest from years two to four 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 83,917
d)	Aggregated information - Aggregated volume - Price	83,917 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lyndon Subroyen
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 95,014 conditional shares for nil consideration to Lyndon Subroyen which vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 95,014
d)	Aggregated information - Aggregated volume - Price	95,014 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ruth Leas
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 69,931 conditional shares for nil consideration to Ruth Leas which vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 69,931
d)	Aggregated information - Aggregated volume - Price	69,931 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Currie
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 67,133 conditional shares for nil consideration to Mark Currie which vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven 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 67,133
d)	Aggregated information - Aggregated volume - Price	67,133 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	London

2.4 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 27 May 2021, 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	33,235

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 27 May 2021, 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 (being the deferred portion of the short term incentive) vest in three equal tranches in the first, second and third years from the date of award:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Henry Blumenthal
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 188,785  conditional shares for nil consideration to vest in three equal tranches in the first, second and third years from the date of award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 188,785
d)	Aggregated information - Aggregated volume - Price	188,785 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	Johannesburg

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Spencer
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 86,160 conditional shares for nil consideration to vest in three equal tranches in the first, second and third years from the date of award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 86,160
d)	Aggregated information - Aggregated volume - Price	86,160 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	Johannesburg

3.2 Award of conditional shares in Investec Limited ordinary shares to PDMRs 

On 27 May 2021, 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 (being a long term incentive) vest in three equal tranches in 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	Henry Blumenthal
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 118,453 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)	Price(s) Volume(s) Nil 118,453
d)	Aggregated information - Aggregated volume - Price	118,453 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	Johannesburg

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stuart Spencer
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 81,420 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)	Price(s) Volume(s) Nil 81,420
d)	Aggregated information - Aggregated volume - Price	81,420 Nil
e)	Date of the transaction	27 May 2021
f)	Place of the transaction	Johannesburg

3.3 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 27 May 2021, 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 of award:

Company Secretary:	Number of forfeitable shares:
Niki van Wyk	16,657

3.4 Disposal of shares by a Company Secretary

On the market sale of shares in personal capacity  (Please Amend wording as required)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Niki van Wyk
2	Reason for the notification
a)	Position/status	Company Secretary
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	213800CU7SM6O4UWOZ70
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 shares
c)	Price(s) and volume(s)	Price(s) Volume(s) ZAR56.06 10,000
d)	Aggregated information - Aggregated volume - Price	10,000 ZAR56.06
e)	Date of the transaction	27 May 2021
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:

Volume weighted average price	ZAR 56.06 per share
Total value of transaction	ZAR 560 600.00
Highest price	ZAR 56.06
Lowest price	ZAR 56.06
Nature of interest	Direct beneficial

Clearance was obtained for the above dealings in securities.

Johannesburg and London

28 May 2021

Sponsor:

Investec Bank Limited

 

END

 

 

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