INL,INP : Transactions by a Director in Investec plc ordinary shares

12/09/2019 14:00:00 - INP

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 P4.10 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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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