Rule 8.1- (Investec plc)

RNS Number : 9694J

Investec PLC

09 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

Disclosure in accordance with Rule 8.1 of the UK City Code on Takeovers and Mergers (the "City Code")

As part of the dual listed company ("DLC") structure, disclosures made pursuant to requirements applicable to the London Stock Exchange or the JSE Limited are released on both exchanges.

We therefore advise of the following in accordance with Rule 8.1 of the City Code:

                                                                                                                                                FORM 8.1                                                                 

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the City Code on Takeovers and Mergers)

1.         KEY INFORMATION

Name of person dealing (Note 1)	INVESTEC PLC (DEALINGS BY INVESTEC BANK PLC & INVESTEC SECURITIES LTD)
Company dealt in	INVESTEC PLC
Class of relevant security to which the dealings being disclosed relate (Note 2)	ORDINARY SHARES
Date of dealing	08 APRIL 2010

2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)        Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

	Long		Short
	Number	(%)	Number	(%)
(1) Relevant securities	46,311,617	9.8303	0	0.0000
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell	527,100	0.1119	4,193,300	0.8901
Total	46,838,717	9.9421	4,193,300	0.8901

(b)  Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security: INVESTEC LTD ORDINARY SHARES	Long		Short
	Number	(%)	Number	(%)
(1) Relevant securities	20,297,550	8.0598	0	0.0000
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell	0	0.00	88,900	0.0353
Total	20,297,550	8.0598	88,900	0.0353

(c)        Rights to subscribe (Note 3)

Class of relevant security: Ordinary shares  GBP0.0002	Details
1,643,900	Staff share options

3.         DEALINGS (Note 4)

(a)        Purchases and sales

Purchase/sale	Number of securities	Price per unit (Note 5)
INVESTEC BANK PLC Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Sale INVESTEC SECURITIES LTD Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale	5,000 12,444 11,912 16,644 6,000 5,000 13,000 5,000 75,000 1,387 1,070 30 1,070 1,400 1,070 1,000 75,000 1,070 105 1,070 1,070 1,070 1,070 1,070 1,070 2,140 500 1,070 3,700 5,000 16,912 8,000 1,150 7,941 1,147 11,214 1,786 743 320 6,885 80 13,000 3,115	543p 543.5p 544p 544.5p 545.5p 546.5p 547.5p 548p 545.68p ZAR 60.59 ZAR 60.65 ZAR 60.70 ZAR 60.75 ZAR 60.75 ZAR 60.76 ZAR 60.80 ZAR 60.83 ZAR 60.83 ZAR 60.85 ZAR 60.87 ZAR 60.88 ZAR 60.89 ZAR 60.94 ZAR 60.95 ZAR 60.97 ZAR 60.99 ZAR 61.00 ZAR 61.00 ZAR 60.61 ZAR 60.65 ZAR 60.70 ZAR 60.75 ZAR 60.75 ZAR 60.80 ZAR 60.84 ZAR 60.85 ZAR 60.86 ZAR 60.91 ZAR 60.92 ZAR 60.95 ZAR 60.97 ZAR 61.00 ZAR 61.10

 (b)       Derivatives transactions (other than options)

Product name, e.g. CFD	Long/short (Note 6)	Number of securities (Note 7)	Price per unit (Note 5)

(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying

Product name, e.g. call option	Writing, selling,  purchasing, varying etc.	Number of securities to which the option relates (Note 7)	Exercise price	Type, e.g. American, European etc.	Expiry date	Option money paid/received per unit (Note 5)
Futures	Purchasing	400		European	17/06/2010

(ii)        Exercising

Product name, e.g. call option	Number of securities	Exercise price per unit (Note 5)

(d)        Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)	Details	Price per unit (if applicable) (Note 5)

4.         OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9)                                                 YES

Date of disclosure	09/04/2010
Contact name	IAN WRIGHT
Telephone number	020 7597 3865
Name of offeree/offeror with which associated	INVESTEC PLC
Specify category and nature of associate status (Note 10)	OFFEROR

SUPPLEMENTAL FORM 8

DETAILS OF OPEN POSITIONS

(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as appropriate)

OPEN POSITIONS (Note 1)

Product name, e.g. call option	Written or purchased	Number of securities to which the option or derivative relates	Exercise price (Note 2)	Type, e.g. American, European etc.	Expiry date
Call Options	Purchased	452,100	58Rand	American	17/06/2010
Call Options	Written	17,600	54Rand	American	17/06/2010
Call Options	Written	75,000	80Rand	European	15/10/2010
Put Options	Written	75,000	80Rand	European	15/10/2010
Futures	Written	269,100		European	17/06/2010
Futures	Written	101,000		European	16/09/2010
Futures	Written	1,865,800		European	15/12/2010
Futures	Written	360,100		European	17/03/2011
Futures	Written	1,504,700		European	17/06/2010

Notes

1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given.  Full details of any  existing agreements to purchase or to sell  should also be given on this form.  

2. For all prices and other monetary amounts, the currency must be stated.

For details of the Code's dealing disclosure requirements, see Rule 8 and its Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

 

END

 

 

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