Director/PDMR Shareholding
Updated : 16:46
Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 | Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 |
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 /Amendment
| Initial Notification | ||||||
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 instrument
Identification code
|
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
| ||||||
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)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
230,052
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 /Amendment
| Initial Notification | ||||||
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 instrument
Identification code
|
Ordinary shares of GBP0.0002 each
GB00B17BBQ50
| ||||||
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)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
230,052
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 /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 instrument, type of instrument
Identification code
|
Ordinary shares of ZAR0.0002 each (INL Shares)
ZAE000081949
| ||||||
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)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price |
PUT OPTIONS - 338,333 CALL OPTIONS - 338,333
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 price | N/A |
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 /Amendment
| Initial notification | ||||||
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 instrument
Identification code
|
Ordinary shares of GBP0.0002 each (INP Shares)
GB00B17BBQ50
| ||||||
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)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price |
PUT OPTIONS - 61,257 CALL OPTIONS - 61,257
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 price | N/A
|
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
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.