Wrap Text
Transactions in Investec plc ordinary shares
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 Listings
Requirements.
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH
1. Forfeiture of Shares by Executive Directors
1.1 Forfeiture of Shares by Bernard Kantor
Bernard Kantor stepped down from his role as executive director of the Investec group,
on 08 August 2019. As disclosed in the Investec group’s 2019 Annual Report, this has
resulted in a pro rata forfeiture of the Long-Term Conditional Awards for 2017 and 2018
and the Fixed Allowance Award for 2019.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Bernard Kantor
2 Reason for the notification
a) Position/status Director
b) Initial notification Initial Notification
/Amendment
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 Ordinary shares of GBP0.0002 each
instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction Pro rata forfeiture of the Long-Term Conditional
Awards for 2017 and 2018 and the Fixed
Allowance Award for 2019
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 199,655 shares
forfeited in respect of
Long-Term Conditional
Awards for 2017 and
2018
Nil 30,397 shares forfeited
in respect of the Fixed
Allowance Award for
2019
d) Aggregated information
- Aggregated volume 230,052
- Price Nil
e) Date of the transaction 08 August 2019
f) Place of the transaction London
1.2 Forfeiture of Shares by Stephen Koseff
Stephen Koseff stepped down from his role as executive director of the Investec group,
on 08 August 2019. As disclosed in the Investec group’s 2019 Annual Report, this has
resulted in a pro rata forfeiture of the Long-Term Conditional Awards for 2017 and 2018
and the Fixed Allowance Award for 2019.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Stephen Koseff
2 Reason for the notification
a) Position/status Director
b) Initial notification Initial Notification
/Amendment
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 Ordinary shares of GBP0.0002 each
instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction Pro rata forfeiture of the Long-Term Conditional
Awards for 2017 and 2018 and the Fixed
Allowance Award for 2019
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 199,655 shares
forfeited in respect of
Long-Term Conditional
Awards for 2017 and
2018
Nil 30,397 shares forfeited
in respect of the Fixed
Allowance Award for
2019
d) Aggregated information
- Aggregated volume 230,052
- Price Nil
e) Date of the transaction 08 August 2019
f) Place of the transaction London
TRANSACTION IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH
2. Correction of a previous RNS announcement
2.1 Correction of the RNS announcement dated 31 May 2019 confirming the award of
35,000 forfeitable shares for nil consideration to Stuart Spencer
Further to the announcement of 31 May 2019 confirming the award of 35,000 forfeitable
shares for nil consideration to Stuart Spencer, we note a typographical error in section
4(c) of the table detailing the transaction in that the volume of shares awarded is
recorded as 123,864. The correct number of shares awarded was, as per sections 4(a)
and (d) 35,000 forfeitable shares. We confirm all other details disclosed in relation to
this transaction are correct.
TRANSACTIONS BY PDMR IN INVESTEC LIMITED AND INVESTEC PLC ORDINARY
SHARES
3. Unwinding of a zero premium collar
Ciaran Whelan entered into a zero premium collar on the 5th September 2016 and the
information in relation to that collar was announced in a regulatory announcement on
6th September 2016. Investec have been advised Ciaran has entered into transactions
for the purchase and sale of options in order to unwind the collars. Accordingly we
advise of the following:
3.1 Investec Limited
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 Initial notification
/Amendment
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 Ordinary shares of ZAR0.0002 each (INL Shares)
instrument
ZAE000081949
Identification code
b) Nature of the transaction Unwinding of a zero premium collar entered into on
05 September 2016 through the following:
The buy back by Investec of the sold put options at
a strike price of ZAR86.48 per share expiring on 5
September 2019 and the sale by Investec of the
bought call options at a strike price of ZAR120 per
share expiring on 5 September 2019.
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR7.80 FOR EACH 338,333
PUT OPTION
ZAR0.14 FOR EACH 338,333
CALL OPTION
d) Aggregated information
- Aggregated volume PUT OPTIONS - 338,333
CALL OPTIONS – 338,333
- Price
PUT OPTIONS - ZAR7.80PER OPTION
CALL OPTIONS – ZAR0.14 PER OPTION
e) Date of the transaction 08 August 2019
f) Place of the transaction Johannesburg
Number of shares 338,333
Volume weighted average selling N/A
price
Total value of transaction ZAR 2,351,066.48
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Date and place of transaction 08 August 2019
3.2 Investec plc
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 Initial notification
/Amendment
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 Ordinary shares of GBP0.0002 each (INP Shares)
instrument
GB00B17BBQ50
Identification code
b) Nature of the transaction Unwinding of a zero premium collar entered into on
05 September 2016 through the following:
The buy back by Investec of the sold put options at
a strike price of ZAR86.48 per share expiring on 5
September 2019 and the sale by Investec of the
bought call options at a strike price of ZAR120 per
share expiring on 5 September 2019.
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR7.80 FOR EACH 61,257
PUT OPTION
ZAR0.14 FOR EACH 61,257
CALL OPTION
d) Aggregated information
- Aggregated volume PUT OPTIONS – 61,257
CALL OPTIONS – 61,257
- Price
PUT OPTIONS - ZAR7.80PER OPTION
CALL OPTIONS – ZAR0.14 PER OPTION
e) Date of the transaction 08 August 2019
f) Place of the transaction Johannesburg
Number of shares 61,257
Volume weighted average selling N/A
price
Total value of transaction ZAR 469,343.62
Highest price N/A
Lowest price N/A
Nature of interest Direct beneficial
Date and place of transaction 08 August 2019
Clearance was obtained for the above dealings in securities.
Johannesburg and London
12 August 2019
Sponsor:
Investec Bank Limited
Date: 12/08/2019 05:45:00
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