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Investec PLC Director's Dealing 2015

May 29, 2015

5231_dirs_2015-05-29_6224e603-b79c-4048-90f8-881322f26715.html

Director's Dealing

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RNS Number : 6796O

Investec PLC

29 May 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.

On 29 May 2015, Investec received notification on of the following transaction as detailed below:

TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH

Transactions by a Director of Investec plc - Bernard Kantor

We advise of the following changes to attributable interests in the ordinary shares of Investec plc in compliance with Rule 3.1.4R(1)(a) of the UKLA's Disclosure and Transparency Rules:

As announced on the 29 May 2014, Investec made, on the 27 May 2014, forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Executive Incentive Plan 2013 (the "Plan") as follows:

Executive Directors Number of forfeitable shares
Bernard Kantor 305,427

These forfeitable share awards vested as follows: 25% immediately on award and are subject to a six month retention period, with the remaining forfeitable shares vesting in three equal tranches (each subject to a six month retention period) over a three year period from the date of award.

Accordingly, 25% of the forfeitable shares have now vested, immediately incurring a tax liability and we set out below details of the forfeitable shares disposed of on 27 May 2015 in order to settle that tax liability:

Nature of transaction On market sale
Number of Securities 35,961
Volume weighted average selling price GBP 6.1017
Total value of transaction GBP 219 423.23
Highest price GPB 6.12
Lowest price GPB 6.09
Nature of interest Direct beneficial
Date and place of transaction 27 May 2015, London
Interests following notification Following the transaction, B. Kantor holds 452,957 Investec plc ordinary shares representing 0.07% of the total issued ordinary share capital of Investec plc

Clearance was obtained for the above dealings in securities.

Johannesburg and London

29 May 2015

Sponsor:

Investec Bank Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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