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INVESTEC LIMITED - Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc

Release Date: 20/03/2019 17:00
Code(s): INL INP     PDF:  
 
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Transaction by PDMR , Director of Major Subsidiary and Company Secretary in Investec Limited and Investec plc

Investec Limited                                            Investec plc
Incorporated in the Republic of South Africa                Incorporated in England and Wales
Registration number 1925/002833/06                          Registration number 3633621
JSE share code: INL                                         LSE share code: INVP
NSX share code: IVD                                         JSE share code: INP
BSE share code: INVESTEC                                    ISIN: GB00B17BBQ50
ISIN: ZAE000081949


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.


TRANSACTION BY PDMR IN INVESTEC LIMITED ORDINARY SHARES


     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                                 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        Ordinary shares of ZAR0.0002 each
          instrument, type of instrument

          Identification code                 ZAE000081949


     b)   Nature of the transaction           On Market Sale of shares pursuant to the exercise and
                                              sale of nil cost options exercised.
     c)   Price(s) and volume(s)
                                                Price(s)                Volume(s)

                                                ZAR91.50                46,875




     d)   Aggregated information


          - Aggregated volume               46,875

          - Price                           ZAR91.50

     e)   Date of the transaction           18/03/2019


     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                       46,875
                Volume weighted average                ZAR91.50
                selling price
                Total value of transaction             ZAR4,289,062.50
                Highest price                          ZAR91.50
                Lowest price                           ZAR91.50
                Nature of interest                     Direct beneficial
                Date and place of transaction          18 March 2019, Johannesburg

TRANSACTION BY PDMR, AND DIRECTOR OF A MAJOR SUBSIDIARY, IN INVESTEC LIMITED
ORDINARY SHARES


     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                               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     Ordinary shares of ZAR0.0002 each
          instrument, type of instrument

          Identification code              ZAE000081949


     b)   Nature of the transaction        On Market Sale of shares to cover taxation following the
                                           vesting of conditional shares.

     c)   Price(s) and volume(s)
                                               Price(s)                 Volume(s)

                                               ZAR91.30                 22,638




     d)   Aggregated information


          - Aggregated volume              22,638

          - Price                          ZAR91.30

     e)   Date of the transaction          18/03/2019


     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 in respect of a director of a major subsidiary:


               Number of shares                       22,638
               Volume weighted average                ZAR91.30
               selling price
               Total value of transaction             ZAR2,066,849.40
               Highest price                          ZAR91.30
               Lowest price                           ZAR91.30
               Nature of interest                     Direct beneficial
               Date and place of transaction          18 March 2019, Johannesburg

TRANSACTION BY PDMR, AND DIRECTOR OF A MAJOR SUBSIDIARY, IN INVESTEC LIMITED
ORDINARY SHARES


     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                               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      Ordinary shares of ZAR0.0002 each
          instrument, type of instrument

          Identification code               ZAE000081949


     b)   Nature of the transaction         Take up of shares on vesting of conditional shares.


     c)   Price(s) and volume(s)
                                             Price(s)                   Volume(s)

                                             ZAR91.30                   27,362




     d)   Aggregated information


          - Aggregated volume               27,362

          - Price                           ZAR91.30

     e)   Date of the transaction           18/03/2019


     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 in respect of a director of a major subsidiary:
               Number of shares                       27,362
               Volume weighted average                ZAR91.30
               selling price
               Total value of transaction             ZAR2,498,150.60
               Highest price                          N/A
               Lowest price                           N/A
               Nature of interest                     Direct beneficial
               Date and place of transaction          18 March 2019, Johannesburg

TRANSACTION BY PDMR, AND DIRECTOR OF A MAJOR SUBSIDIARY, IN INVESTEC LIMITED
ORDINARY SHARES

    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                               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      Ordinary shares of ZAR0.0002 each
         instrument, type of instrument

         Identification code               ZAE000081949


    b)   Nature of the transaction         On Market Sale of shares to cover taxation pursuant to
                                           the exercise and sale of nil cost options exercised.

    c)   Price(s) and volume(s)
                                               Price(s)                Volume(s)

                                               ZAR91.30                42,446




    d)   Aggregated information
          - Aggregated volume               42,446

          - Price                           ZAR91.30

     e)   Date of the transaction           18/03/2019


     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 in respect of a director of a major subsidiary:


                Number of shares                     42,446
                Volume weighted average              ZAR91.30
                selling price
                Total value of transaction           ZAR3,875,319.80
                Highest price                        ZAR91.30
                Lowest price                         ZAR91.30
                Nature of interest                   Direct beneficial
                Date and place of transaction        18 March 2019, Johannesburg

TRANSACTION BY PDMR, AND DIRECTOR OF A MAJOR SUBSIDIARY, IN INVESTEC LIMITED
ORDINARY SHARES


     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                               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      Ordinary shares of ZAR0.0002 each
          instrument, type of instrument
          Identification code                 ZAE000081949


     b)   Nature of the transaction           Take up of shares on vesting of nil cost options.


     c)   Price(s) and volume(s)
                                               Price(s)                     Volume(s)

                                               ZAR91.30                     51,304




     d)   Aggregated information


          - Aggregated volume                 51,304

          - Price                             ZAR91.30

     e)   Date of the transaction             18/03/2019


     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 in respect of a director of a major subsidiary:


               Number of shares                        51,304
               Volume weighted average                 ZAR91.30
               selling price
               Total value of transaction              ZAR4,684,055.20
               Highest price                           N/A
               Lowest price                            N/A
               Nature of interest                      Direct beneficial
               Date and place of transaction           18 March 2019, Johannesburg




TRANSACTION BY A COMPANY SECRETARY IN INVESTEC LIMITED ORDINARY SHARES OF
ZAR0.0002 EACH

Transaction by the Company Secretary – Niki Van Wyk

The following on market sale of shares to cover taxation due to vesting of nil cost options is notified in
terms of Rules 3.63 – 3.74 of the JSE Listing Requirements:

     Number of shares                       2,547
     Volume weighted average                ZAR91.33
     selling price
     Total value of transaction             ZAR232,611.91
     Highest price                          ZAR91.42
     Lowest price                           ZAR91.30
     Nature of interest                     Direct beneficial
     Date and place of transaction          18 March 2019, Johannesburg
The following take up of shares on vesting of nil cost options is notified in terms of Rules 3.63 – 3.74 of
the JSE Listing Requirements:
     Number of shares                       3,078
     Volume weighted average                ZAR91.33
     selling price
     Total value of transaction             ZAR281,106.97
     Highest price                          N/A
     Lowest price                           N/A
     Nature of interest                     Direct beneficial
     Date and place of transaction          18 March 2019, Johannesburg


TRANSACTIONS BY A COMPANY SECRETARY IN INVESTEC PLC ORDINARY SHARES OF
GBP0.0002 EACH

Transactions by the Company Secretary – David Miller

The following on market sale of shares following the exercise and sale of nil cost options is notified in
terms of Rules 3.63 – 3.74 of the JSE Listing Requirements:

                                                 On Market Sale of shares following the exercise and sale of
  Nature of transaction
                                                 nil cost options
  Number of Securities                           5,625
  Volume weighted average selling price          GBP4.76
  Total value of transaction                     GBP26,775.58
  Highest Price                                  GBP4.76
  Lowest Price                                   GBP4.76
  Nature of interest                             Direct beneficial
  Date and place of transaction                  19 March 2019, London

Clearance was obtained for the above dealings in securities.


Johannesburg and London
20 March 2019

Sponsor:
Investec Bank Limited

Date: 20/03/2019 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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