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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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