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Investec PLC — Director's Dealing 2015
Mar 3, 2015
5231_dirs_2015-03-03_9cbbab49-23c7-4fdf-9757-c9ea36c9cb58.html
Director's Dealing
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RNS Number : 4247G
Investec PLC
03 March 2015
| Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE ordinary share code: INL NSX ordinary share code: IVD BSE ordinary 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 |
(together "Investec")
As part of the dual listed company structure, Investec plc and Investec Limited 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 the Disclosure and Transparency Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
Investec received notification on the 03 March 2015 of the following changes to attributable interests in the ordinary shares of Investec Limited which Investec notifies in compliance with Rule 3.14R(1)(a) of the UKLA's Disclosure and Transparency Rules:
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "ORDINARY SHARES").
1) Transactions by a PDMR - Allen Zimbler
| Nature of transaction | Sale of Ordinary Shares |
| Number of Securities | 600,000 |
| Volume weighted average selling price | ZAR104.62 |
| Total value of transaction | ZAR62,774,292.00 |
| Highest price | ZAR104.78 |
| Lowest price | ZAR104.60 |
| Nature of interest | Indirect beneficial |
| Date and place of transaction | 25 February 2015, Johannesburg |
2) Transactions by a PDMR - David van der Walt
David van der Walt entered into a zero cost collar hedge on the 02 March 2015 and the following information in relation to David van der Walt's indirect beneficial interests is disclosed:
(a) Purchase of put options
| Date of transaction: | 02 March 2015 |
| Nature of transaction: | Purchase of put options expiring on 02 March 2017 |
| Number of shares: | 500,000 Ordinary Shares |
| Price per share: | ZAR98.19 |
| Nature of interest: | Direct beneficial |
(b) Sale of call options
| Date of transaction: | 02 March 2015 |
| Nature of transaction: | Sale of call options expiring on 02 March 2017 |
| Number of shares: | 500,000 Ordinary Shares |
| Price per share: | ZAR142.64 |
| Nature of interest: | Direct beneficial |
Pursuant to the above hedge transaction, David van der Walt pledged 500,000 Ordinary Shares as security for the due performance of his obligations arising out of the collar arrangement. David van der Walt retains the voting rights on these Ordinary Shares.
Clearance was obtained for the above dealings in securities.
Johannesburg and London
03 March 2015
Sponsor:
Investec Bank Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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