AI assistant
Investec PLC Remuneration Information 2021
5231_def-14a_2021-05-28_d34133d2-b668-4ab9-97bf-d5228bb16752.html
Remuneration Information
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 2533A
Investec PLC
28 May 2021
| 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 LEI: 213800CU7SM6O4UWOZ70 |
Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22 |
| 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 LEI: 213800CU7SM6O4UWOZ70 |
Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22 |
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 Listing Requirements.
On 26 May 2021, the Remuneration Committee of Investec met and agreed the awards to Investec staff. Accordingly, we advise of the following transactions in shares:
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
1. Interests in Investec plc Ordinary Shares - Executive Directors
1.1 Award of forfeitable shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")
On 27 May 2021 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following forfeitable share award (being the upfront portion of the Executive Directors' short term incentive 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"). These forfeitable share awards vest immediately on award and are subject to a twelve month retention period.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
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
Award of 189,818 forfeitable shares for nil consideration to Fani Titi
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 189,818 |
d)
Aggregated information
- Aggregated volume
- Price
189,818
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ciaran Whelan and Richard Wainwright
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
Award of 148,553 forfeitable shares for nil consideration to each of Ciaran Whelan and Richard Wainright
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 148,553 to each |
d)
Aggregated information
- Aggregated volume
- Price
148,553 each
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
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
Award of 94,909 forfeitable shares for nil consideration to Nishlan Samujh
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 94,909 |
d)
Aggregated information
- Aggregated volume
- Price
94,909
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Fani Titi disposed of the following number of forfeitable shares on 27 May 2021.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
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
On market sale of 87,498 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 87,498 |
d)
Aggregated information
- Aggregated volume
- Price
87,498
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 87,498 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 267 236.39 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Richard Wainwright disposed of the following number of forfeitable shares on 27 May 2021
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Richard Wainwright
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
On market sale of 66,983 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 66,983 |
d)
Aggregated information
- Aggregated volume
- Price
66,983
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 66,983 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 204,579.48 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
Disposal of shares by an executive director
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Nishlan Samujh disposed of the following number of forfeitable shares on 27 May 2021.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
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
On market sale of 42,812 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 42,812 |
d)
Aggregated information
- Aggregated volume
- Price
42,812
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 42,812 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 130,756.41 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
1.2 Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")
On 27 May 2021 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following conditional share awards (being the deferred portion of the Executive Directors' short term incentive 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"). These conditional share awards vest from years one to seven from award date and are subject to a further twelve month retention period after each vesting date.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
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
Award of 140,926 conditional shares for nil consideration to Fani Titi. These conditional share awards vest from one to seven years from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 140,926 |
d)
Aggregated information
- Aggregated volume
- Price
140,926
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ciaran Whelan and Richard Wainwright
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
Award of 109,902 conditional shares for nil consideration to each of Ciaran Whelan and Richard Wainright.
These conditional share awards vest from one to seven years from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 109,902 each |
d)
Aggregated information
- Aggregated volume
- Price
109,902 each
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
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
Award of 70,463 conditional shares for nil consideration to Nishlan Samujh.
These conditional share awards vest from one to seven years from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 70,463 |
d)
Aggregated information
- Aggregated volume
- Price
70,463
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1.3 Award of conditional shares to F Titi, C Whelan, R Wainwright and N Samujh (together the "Executive Directors")
Pursuant to the Executive Directors' remuneration policy approved by shareholders, long-term Incentive awards of conditional shares have been made to the Executives, as set out below. These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Fani Titi
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
Award of 349,651 conditional shares to Fani Titi for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 349,651 |
d)
Aggregated information
- Aggregated volume
- Price
349,651
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ciaran Whelan and Richard Wainwright
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
Award of 279,721 conditional shares each to Ciaran Whelan and Richard Wainwright for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 279,721 each |
d)
Aggregated information
- Aggregated volume
- Price
279,721 each
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nishlan Samujh
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
Award of 174,826 conditional shares to Nishlan Samujh for nil consideration to vest in five tranches from 27 May 2024 to 27 May 2028. These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 174,826 |
d)
Aggregated information
- Aggregated volume
- Price
174,826
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
2. PDMRs and Company Secretary: interests in Investec plc Ordinary Shares
2.1 Award of forfeitable shares to PDMRs
On 27 May 2021, Investec made forfeitable share awards (being the upfront portion of short term incentive 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"). These forfeitable share awards vest immediately on award and are subject to a twelve month retention period.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ruth Leas
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 48,802 forfeitable shares for nil consideration
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 48,802 |
d)
Aggregated information
- Aggregated volume
- Price
48,802
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lyndon Subroyen
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 52,642 forfeitable shares for nil consideration
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 52,642 |
d)
Aggregated information
- Aggregated volume
- Price
52,642
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marc Kahn
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 47,695 forfeitable shares for nil consideration
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 47,695 |
d)
Aggregated information
- Aggregated volume
- Price
47,695
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Currie
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 73,011 forfeitable shares for nil consideration
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 73,011 |
d)
Aggregated information
- Aggregated volume
- Price
73,011
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Ruth Leas disposed of the following number of forfeitable shares on 27 May 2021
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ruth Leas
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
On market sale of 22,983 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 22,983 |
d)
Aggregated information
- Aggregated volume
- Price
22,983
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 22,983 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 70 194.68 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Lyndon Subroyen disposed of the following number of forfeitable shares on 27 May 2021
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lyndon Subroyen
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
On market sale of 24,792 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 24,792 |
d)
Aggregated information
- Aggregated volume
- Price
24,792
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 24,792 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 75,719.73 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Marc Kahn disposed of the following number of forfeitable shares on 27 May 2021
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marc Kahn
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
On market sale of 22,462 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 22,462 |
d)
Aggregated information
- Aggregated volume
- Price
22,462
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 22,462 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 68,603.44 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
Disposal of shares by a PDMR
The forfeitable shares which vest immediately on award incur a tax liability. In order to settle this liability, Mark Currie disposed of the following number of forfeitable shares on 27 May 2021
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Currie
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
On market sale of 32,921 ordinary shares in order to settle a tax liability related forfeitable share awards that vest immediately on award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 3.05 | 32,921 |
d)
Aggregated information
- Aggregated volume
- Price
32,921
GBP 3.05
e)
Date of the transaction
27 May 2021
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:
| Number of shares | 32,921 |
| Volume weighted average selling price | GBP 3.05 |
| Total value of transaction | GBP 100,547.32 |
| Highest price | GBP 3.08 |
| Lowest price | GBP 2.96 |
| Nature of interest | Direct beneficial |
| Date and place of transaction | 27 May 2021, London |
2.2 Award of conditional shares to PDMRs
On 27 May 2021, Investec made conditional share awards (being the deferred portion of short term incentive 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").
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marc Kahn
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 36,111 conditional shares for nil consideration to Marc Kahn which vest in three tranches from 27 May 2022 to 27 May 2024.
These conditional share awards vest from years one to three from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 36,111 |
d)
Aggregated information
- Aggregated volume
- Price
36,111
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lyndon Subroyen
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 48,066 conditional shares for nil consideration to Lyndon Subroyen which vest in five tranches from 27 May 2024 to 27 May 2028.
These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 48,066 |
d)
Aggregated information
- Aggregated volume
- Price
48,066
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ruth Leas
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 4,413 conditional shares for nil consideration to Ruth Leas which vest in five tranches from 27 May 2024 to 27 May 2028.
These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 4,413 |
d)
Aggregated information
- Aggregated volume
- Price
4,413
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
2.3 Award of conditional shares to PDMRs
On 27 May 2021, Investec made conditional share awards (being a long term incentive 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").
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marc Kahn
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 83,917 conditional shares for nil consideration to Marc Kahn which vest in three tranches from 27 May 2023 to 27 May 2025.
These conditional share awards vest from years two to four from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 83,917 |
d)
Aggregated information
- Aggregated volume
- Price
83,917
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Lyndon Subroyen
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 95,014 conditional shares for nil consideration to Lyndon Subroyen which vest in five tranches from 27 May 2024 to 27 May 2028.
These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 95,014 |
d)
Aggregated information
- Aggregated volume
- Price
95,014
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ruth Leas
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 69,931 conditional shares for nil consideration to Ruth Leas which vest in five tranches from 27 May 2024 to 27 May 2028.
These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 69,931 |
d)
Aggregated information
- Aggregated volume
- Price
69,931
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Currie
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
GB00B17BBQ50
b)
Nature of the transaction
Award of 67,133 conditional shares for nil consideration to Mark Currie which vest in five tranches from 27 May 2024 to 27 May 2028.
These conditional share awards vest from years three to seven from award date and are subject to a further twelve month retention period after each vesting date.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 67,133 |
d)
Aggregated information
- Aggregated volume
- Price
67,133
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
London
2.4 Award of forfeitable shares in Investec plc ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec plc by the Company Secretary:
On 27 May 2021, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec 1 Limited share Incentive Plan. These forfeitable share awards vest in three equal tranches in the third, fourth and fifth years from the date of award:
| Company Secretary: | Number of Forfeitable shares: |
| David Miller | 33,235 |
3. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
3.1 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 27 May 2021, Investec made Conditional share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These conditional share awards (being the deferred portion of the short term incentive) vest in three equal tranches in the first, second and third years from the date of award:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Henry Blumenthal
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
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 ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
Award of 188,785 conditional shares for nil consideration to vest in three equal tranches in the first, second and third years from the date of award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 188,785 |
d)
Aggregated information
- Aggregated volume
- Price
188,785
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Spencer
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
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 ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
Award of 86,160 conditional shares for nil consideration to vest in three equal tranches in the first, second and third years from the date of award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 86,160 |
d)
Aggregated information
- Aggregated volume
- Price
86,160
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
Johannesburg
3.2 Award of conditional shares in Investec Limited ordinary shares to PDMRs
On 27 May 2021, Investec made Conditional share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These conditional share awards (being a long term incentive) vest in three equal tranches in tranches in the third, fourth and fifth years from the date of award:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Henry Blumenthal
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
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 ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
Award of 118,453 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 118,453 |
d)
Aggregated information
- Aggregated volume
- Price
118,453
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
Johannesburg
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Spencer
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
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 ZAR0.0002 each
ZAE000081949
b)
Nature of the transaction
Award of 81,420 conditional shares for nil consideration to vest in three equal tranches in the third, fourth and fifth years from the date of award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 81,420 |
d)
Aggregated information
- Aggregated volume
- Price
81,420
Nil
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
Johannesburg
3.3 Award of forfeitable shares in Investec Limited ordinary shares to Company Secretary
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, we advise of the following changes to attributable interests in Investec Limited by the Company Secretary:
On 27 May 2021, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan. These of award:
| Company Secretary: | Number of forfeitable shares: |
| Niki van Wyk | 16,657 |
3.4 Disposal of shares by a Company Secretary
On the market sale of shares in personal capacity (Please Amend wording as required)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Niki van Wyk
2
Reason for the notification
a)
Position/status
Company Secretary
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
ZAE000081949
b)
Nature of the transaction
On market sale of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| ZAR56.06 | 10,000 |
d)
Aggregated information
- Aggregated volume
- Price
10,000
ZAR56.06
e)
Date of the transaction
27 May 2021
f)
Place of the transaction
Johannesburg
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements we disclose the following additional information:
| Volume weighted average price | ZAR 56.06 per share |
| Total value of transaction | ZAR 560 600.00 |
| Highest price | ZAR 56.06 |
| Lowest price | ZAR 56.06 |
| Nature of interest | Direct beneficial |
Clearance was obtained for the above dealings in securities.
Johannesburg and London
28 May 2021
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 [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHPPUPGAUPGGCR