Investec PLC Director/PDMR Shareholding (2694J)
December 03 2018 - 9:00AM
UK Regulatory
TIDMINVP
RNS Number : 2694J
Investec PLC
03 December 2018
Investec Limited Investec plc
Incorporated in the Republic of South Incorporated in England and
Africa 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 Disclosure and
Transparency Rules of the United Kingdom Listing Authority (the
"UKLA") and/or the JSE Listing Requirements.
TRANSACTIONS BY PDMR IN INVESTEC LIMITED ORDINARY SHARES.
On the 6(th) July 2017 Investec disclosed information in
relation to Bernard Kantor's direct beneficial interests in
Investec Limited ordinary shares as a result of Mr Kantor entering
into a zero premium collar on the 6(th) July 2017 (the "Collar
Transaction"). Pursuant to the Collar Transaction, Mr Kantor has
advised that he has exercised put options at a strike price of
ZAR100.00 per share resulting in the sale of 600,000 Investec
Limited ordinary shares on 3 December 2018. Accordingly, we
disclose the following in relation to Mr Kantor's interests in
Investec Limited ordinary shares:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Bernard Kantor
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Director
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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, Ordinary shares of ZAR0.0002 each
type of instrument (INL Shares)
Identification code ZAE000081949
--------------------------- --------------------------------------
b) Nature of the transaction Exercise of 600,000 put options over
Investec Limited ordinary shares
at a strike price of ZAR100.00 per
share resulting in the disposal of
600,000 shares
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
EXERCISE OF PUT
OPTIONS: STRIKE
PRICE OF ZAR100.00
RESULTING IN SALE 600,000
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 600,000
- Price STRIKE PRICE OF ZAR100.00
--------------------------- --------------------------------------
e) Date of the transaction 3 December 2018
--------------------------- --------------------------------------
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 600,000
Volume weighted average selling ZAR100.00 per share
price
------------------------------
Total value of transaction ZAR60,000,000.00
------------------------------
Highest price ZAR100.00
------------------------------
Lowest price ZAR100.00
------------------------------
Nature of interest Direct beneficial
------------------------------
Date and place of transaction 3 December 2018, Johannesburg
------------------------------
Clearance was obtained for the above dealings in securities.
Johannesburg and London
3 December 2018
Sponsor:
Investec Bank Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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