RNS Number : 8504K
Investec PLC
26 September 2016
 

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) 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 DIRECTOR IN INVESTEC PLC ORDINARY SHARES.

 

Ian Kantor entered into a sale of Investec plc ordinary shares and the purchase of call options over Investec plc ordinary shares on 23 September 2016 and the following information in relation to Ian Kantor's indirect beneficial interests is disclosed:

 

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 /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Investec plc

b)

 

LEI

 

 

n/a

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

 

 

Sale of 2,400,000 INP Shares for GBP4.74 per share

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

GBP4.74

 

2,400,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

2,400,000

 

 

GBP4.74

 

 

e)

 

Date of the transaction

 

 

23 September 2016

f)

 

Place of the transaction

 

 

London

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

 

 

European Style Call - purchase of 600,000 call options at a strike price of GBP3.79 per share expiring on 22 March 2021

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.79

600,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

CALL OPTIONS - 600,000

 

 

CALL OPTIONS - STRIKE PRICE OF GBP3.79

 

 

 

e)

 

Date of the transaction

 

 

23 September 2016

f)

 

Place of the transaction

 

 

London

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

 

 

European Style Call - purchase of 600,000 call options at a strike price of GBP3.56 per share expiring on 22 June 2021

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.56

600,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

CALL OPTIONS - 600,000

 

 

CALL OPTIONS - STRIKE PRICE OF GBP3.56

 

 

 

e)

 

Date of the transaction

 

 

23 September 2016

f)

 

Place of the transaction

 

 

London

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

 

 

European Style Call - purchase of 600,000 call options at a strike price of GBP3.32 per share expiring on 22 September 2021

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.32

600,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

CALL OPTIONS - 600,000

 

 

CALL OPTIONS - STRIKE PRICE OF GBP3.32

 

 

 

e)

 

Date of the transaction

 

 

23 September 2016

f)

 

Place of the transaction

 

 

London

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

 

 

European Style Call - purchase of 600,000 call options at a strike price of GBP3.08 per share expiring on 22 December 2021

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

PURCHASE OF CALL OPTIONS: STRIKE PRICE OF GBP3.08

600,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

CALL OPTIONS - 600,000

 

 

CALL OPTIONS - STRIKE PRICE OF GBP3.08

 

 

 

e)

 

Date of the transaction

 

 

23 September 2016

f)

 

Place of the transaction

 

 

London

 

 

 

 

 

In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information in respect of the sale of 2,400,000 INP Shares as disclosed above:

 

 

Volume weighted average price

GBP4.74

Total value of transaction

GBP11,376,000

Highest price

GBP4.74

Lowest price

GBP4.74

Nature of interest

Indirect beneficial

Nature of the transaction

Off-market

 

 

Clearance was obtained for the above dealings in securities.

 

 

Johannesburg and London

26 September 2016

 

Sponsor:

Investec Bank Limited


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