Source - RNS
RNS Number : 0538J
Investec PLC
06 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 PDMR IN INVESTEC LIMITED ORDINARY SHARES.

 

Ciaran Whelan entered into a zero premium collar on the 5th September 2016 and the following information in relation to Ciaran Whelan's direct beneficial interests is disclosed:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Ciaran Whelan

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 (INL Shares)

 

ZAE000081949

 

b)

 

Nature of the transaction

 

 

Zero premium collar - purchase of 338,333 put options at a strike price of ZAR86.65 per share expiring on 5 September 2019 and sale of 338,333 call options at a strike price of ZAR164.64 per share expiring on 5 September 2019

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

PURCHASE OF PUT OPTIONS: STRIKE PRICE OF ZAR86.65

 

338,333

 

SALE OF CALL OPTIONS: STRIKE PRICE OF ZAR164.64

338,333

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

PUT OPTIONS - 338,333

CALL OPTIONS - 338,333

 

PUT OPTIONS - STRIKE PRICE OF ZAR86.65

CALL OPTIONS - STRIKE PRICE OF ZAR164.64

 

 

 

 

e)

 

Date of the transaction

 

 

5 September 2016

f)

 

Place of the transaction

 

 

Johannesburg

 

Pursuant to the above hedge transaction, Ciaran Whelan pledged 338,333 INL Shares as security for the due performance of his obligations arising out of the collar arrangement.

 

TRANSACTIONS BY PDMR IN INVESTEC PLC ORDINARY SHARES.

           

Ciaran Whelan entered into a zero premium collar on the 5th September 2016 and the following information in relation to Ciaran Whelan's direct beneficial interests is disclosed:

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Ciaran Whelan

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

 

 

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

 

 

Zero premium collar - purchase of 61,257 put options at a strike price of ZAR86.65 per share expiring on 5 September 2019 and sale of 61,257 call options at a strike price of ZAR164.64 per share expiring on 5 September 2019

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

PURCHASE PUT OPTION - STRIKE PRICE OF ZAR86.65

61,257

 

SALE CALL OPTION - STRIKE PRICE OF ZAR164.64

61,257

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

PUT OPTIONS - 61,257

CALL OPTIONS - 61,257

 

PUT OPTIONS - STRIKE PRICE OF ZAR86.65

CALL OPTIONS - STRIKE PRICE OF ZAR164.64

 

 

 

e)

 

Date of the transaction

 

 

5 September 2016

f)

 

Place of the transaction

 

 

Johannesburg

 

 

Pursuant to the above hedge transaction, Ciaran Whelan pledged 61,257 INP Shares as security for the due performance of his obligations arising out of the collar arrangement.

 

 

Clearance was obtained for the above dealings in securities.

 

 

Johannesburg and London

6 September 2016

 

Sponsor:

Investec Bank Limited


This information is provided by RNS
The company news service from the London Stock Exchange
 
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