Transactions in Investec plc and Investec Limited Ordinary Shares
| Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL JSE hybrid code: INPR JSE debt code: INLV 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 29 May 2024, the Remuneration Committee of Investec met and agreed the awards to Investec staff. Accordingly, we advise of the following transactions in shares, dated 30 May 2024:
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
1. Interests in Investec plc Ordinary Shares - Executive Directors
On 30 May 2024 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
472 881
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting, subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
307 355
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
In addition, pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec
made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration
pursuant to the Investec plc Share Incentive Plan 2013 :
| 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 122 380 additional conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2021 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2021, subject to a 12 month retention period.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
122 380
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| 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 61 190 additional conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2021 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2021, subject to a 12 month retention period.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
61 190
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
2. Interests in Investec plc Ordinary Shares - PDMRs
On 30 May 2024 and pursuant to the Executive remuneration policy approved by the shareholders, Investec made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021 (the "Plan) :
| 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
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
68 553
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Richard Wainwright
| ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
71 979
Nil | ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
221 419
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
166 873
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 7 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
195 681
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 4 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 2 to 4 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
149 715
Nil | ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
| 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 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
|
1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 4 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 2 to 4 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
167 404
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Lesley-Anne Gatter
| ||||
| 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
|
1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 4 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 2 to 4 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
93 252
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| London | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Abey Mokgwatsane | ||||
| 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
| 1. Award of forfeitable shares representing the upfront component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with immediate vesting subject to a 12 month retention period.
2. Award of conditional shares representing the deferred component of Short Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 4 from award. Subject to a 12 month retention period upon vesting.
3. Award of conditional shares representing Long Term Incentive pursuant to the Investec plc Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 2 to 4 from award. Subject to a 12 month retention period upon vesting.
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
60 176
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| London | ||||
In addition, pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec
made the following awards in respect of ordinary shares in the capital of Investec plc for nil consideration
pursuant to the Investec plc Share Incentive Plan 2013 :
| 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
| 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 97 901 additional conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2021 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2021, subject to a 12 month retention period.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
97 901
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Richard Wainwright
| ||||
| 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 97 901 additional conditional shares pursuant to the Investec plc Executive Incentive Plan 2013 upon the fulfilment of predetermined performance conditions as per the June 2021 LTI award agreement. Issued for nil consideration, vesting as per the original award profile in years 3 to 7 from 2021, subject to a 12 month retention period.
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
97 901
Nil
| ||||
| e)
| Date of the transaction
| 30 May 2024 | ||||
| f)
| Place of the transaction
| London | ||||
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC PLC ORDINARY SHARES")
3. Interests in Investec plc Ordinary Shares - Company Secretary and person closely associated with 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 and person closely associated with the Company Secretary:
On 30 May 2024, Investec made forfeitable share awards in respect of ordinary shares in the capital of Investec plc for nil consideration pursuant to the Investec plc Share Incentive Plan 2021. 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 | 9 583 |
| Person closely associated with Company Secretary: | Number of forfeitable shares: |
| Jemima Baines | 1 839 |
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
1. Interests in Investec Limited Ordinary Shares - Directors of major subsidiaries
On 30 May 2024 and pursuant to the Executive Directors' remuneration policy approved by the shareholders, Investec made the following award in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan):
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Rupesh Govan
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Director of Major Subsidiary | ||||
| 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
| 1. Award of forfeitable shares representing Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 3 from award.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 5 from award. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
33 701
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Cumesh Moodliar
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| PDMR and Director of Major Subsidiary | ||||
| 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
| 1. Award of forfeitable shares representing the Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 3 from award.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 5 from award. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
183 577
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
2. Interests in Investec Limited Ordinary Shares - PDMRs
On 30 May 2024 and pursuant to the Executive remuneration policy approved by the shareholders, Investec made the following awards in respect of ordinary shares in the capital of Investec Limited for nil consideration pursuant to the Investec Limited Share Incentive Plan 2021 (the "Plan):
| 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
| 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
|
1. Award of forfeitable shares representing Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 3 from award.
| ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
44 933
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Richard Wainwright
| ||||
| 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
| 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
|
1. Award of forfeitable shares representing Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 3 from award.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 5 from award. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
148 440
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Joubert Hay
| ||||
| 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
| 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
|
1. Award of forfeitable shares representing Short Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 1 to 3 from award.
2. Award of forfeitable shares representing Long Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. Issued for nil consideration with a deferred vesting period in each of years 3 to 5 from award. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
96 286
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a) | Name
| Bradley Gatter
| ||||
| 2 | Reason for the notification
| |||||
| a) | Position/status
| Person closely associated with 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
| 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
| Award of forfeitable shares representing Long Term Incentive pursuant to The Investec Limited Share Incentive Plan 2021. Issued for nil consideration with deferred vesting period in each of years 3 to 5 from award. | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
- Aggregated volume
- Price
|
2 006
Nil
| ||||
| e) | Date of the transaction
| 30 May 2024 | ||||
| f) | Place of the transaction
| Johannesburg | ||||
| g) | Nature of interest: | Direct beneficial | ||||
3. Interests in Investec Limited Ordinary Shares - 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 30 May 2024, 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 2021. 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: |
| Niki van Wyk | 9 583 |
London and Johannesburg
31 May 2024
Sponsor
Investec Bank Limited
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