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INVESTEC LIMITED - Transactions by a Director in Investec plc ordinary shares

Release Date: 12/09/2019 16:00
Code(s): INL INP     PDF:  
 
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Transactions by a Director 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”) and persons closely associated with them, 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 Listing Rules and the Disclosure Guidance and Transparency Rules of the United Kingdom Listing
Authority (the “UKLA”) and/or the JSE Listings Requirements.


TRANSACTIONS BY A DIRECTOR IN INVESTEC PLC ORDINARY SHARES

Further to the announcement released 26 September 2016, confirming Ian Kantor’s purchase of European
style call options over Investec plc ordinary shares (the “Call Options”), we disclose the following information
in respect of the unwind, and repricing of certain of the Call Options.

    1    Details of the person discharging managerial responsibilities / person closely
         associated

    a)   Name                             Ian 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     Ordinary shares of GBP0.0002 each
         instrument, type of
         instrument

         Identification code              GB00B17BBQ50


    b)   Nature of the transaction        Unwinding of a European style call option entered into on
                                          23 September 2016, through the following:
                                        The sale of European style call options with a strike price of
                                        GBP3.79 per option and an expiration date of 22 March 2021,
                                        for a volume weighted average price of GBP4.56 per option,
                                        providing a volume weighted average payment of GBP1.13 per
                                        option

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


                                          GBP1.13 per option         600,000


    d)   Aggregated information


         - Aggregated volume            600,000


         - Price                        GBP1.13 per option


    e)   Date of the transaction        10 September 2019


    f)   Place of the transaction       London




In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

    Volume weighted average price             GBP1.13 per option
    Total value of transaction                GBP676,800
    Highest price                             GBP1.14 per option
    Lowest price                              GBP1.11 per option
    Nature of interest                        Indirect beneficial


    1    Details of the person discharging managerial responsibilities / person closely
         associated

    a)   Name                           Ian 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   Ordinary shares of GBP0.0002 each
         instrument, type of
         instrument

         Identification code            GB00B17BBQ50


    b)   Nature of the transaction      Unwinding of a European style call option entered into on
                                        23 September 2016, through the following:

                                        The sale of European style call options with a strike price of
                                        GBP3.56 per option and an expiration date of 22 June 2021,
                                        for a volume weighted average price of GBP4.56 per option,
                                        providing a volume weighted average payment of GBP1.32 per
                                        option

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


                                          GBP1.32 per option         600,000


    d)   Aggregated information


         - Aggregated volume            600,000


         - Price                        GBP1.32 per option


    e)   Date of the transaction        10 September 2019


    f)   Place of the transaction       London




In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

    Volume weighted average price             GBP1.32 per option
    Total value of transaction                GBP793,800
    Highest price                             GBP1.33 per option
    Lowest price                              GBP1.31 per option
    Nature of interest                        Indirect beneficial
1    Details of the person discharging managerial responsibilities / person closely
     associated

a)   Name                           Ian 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   Ordinary shares of GBP0.0002 each
     instrument, type of
     instrument

     Identification code            GB00B17BBQ50


b)   Nature of the transaction      Unwinding of a European style call option entered into on
                                    23 September 2016, through the following:

                                    The sale of European style call options with a strike price of
                                    GBP3.32 per option and an expiration date of 22 September
                                    2021, for a volume weighted average price of GBP4.56 per
                                    option, providing a volume weighted average payment of
                                    GBP1.53 per option

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


                                     GBP1.53 per option          600,000


d)   Aggregated information


     - Aggregated volume            600,000


     - Price                        GBP1.53 per option
    e)   Date of the transaction        10 September 2019


    f)   Place of the transaction       London




In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

    Volume weighted average price             GBP1.53 per option
    Total value of transaction                GBP915,360
    Highest price                             GBP1.54 per option
    Lowest price                              GBP1.51 per option
    Nature of interest                        Indirect beneficial


    1    Details of the person discharging managerial responsibilities / person closely
         associated

    a)   Name                           Ian 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   Ordinary shares of GBP0.0002 each
         instrument, type of
         instrument

         Identification code            GB00B17BBQ50


    b)   Nature of the transaction      Restrike of a European style call option entered into on
                                        23 September 2016, through the following:

                                        The sale of European style call options with a strike price of
                                        GBP3.08 per option and an expiration date of 22 December
                                        2021, for a volume weighted average price of GBP4.56 per
                                        option, providing a volume weighted average payment of
                                        GBP1.73 per option, and the subsequent purchase of
                                        European style call options with a strike price of £4.10 and an
                                        expiration date of 22 December 2021, for a volume weighted
                                        average cost of GBP1.12 per option. The volume weighted
                                        average payment arising from the restrike of the European
                                        style call options is GBP0.61 per option.

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


                                          GBP0.61 per option         600,000


    d)   Aggregated information


         - Aggregated volume            600,000


         - Price                        GBP0.61 per option


    e)   Date of the transaction        10 September 2019


    f)   Place of the transaction       London




In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following additional
information:

    Volume weighted average price             GBP0.61 per option
    Total value of transaction                GBP368,940
    Highest price                             GBP0.62 per option
    Lowest price                              GBP0.60 per option
    Nature of interest                        Indirect beneficial


Clearance was obtained for the above dealings in securities.


Johannesburg and London
12 September 2019


Sponsor:
Investec Bank Limited

Date: 12/09/2019 04:00:00
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