| Tue 26 Jun 2007, 17:14 | | INL / INP - Investec Limited / Investec plc - Anno |
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INL INP
INL INP
INL / INP - Investec Limited / Investec plc - Announcement
Investec Limited
Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE share code: INL
ISIN: ZAE000081949
Investec plc
Incorporated in England and Wales
Registration number 3633621
JSE share code: INP
ISIN: GB00B17BBQ50
(together "Investec")
As part of the dual listed company structure, Investec plc and Investec Limited
notify both the London and Johannesburg Stock Exchanges of those interests (and
changes to those interests) of (i) directors of both entities and the respective
company secretaries, (ii) persons discharging managerial responsibilities
(PDMRs) across the group, and (iii) in certain instances the directors of major
subsidiaries of Investec Limited, in the securities of Investec plc and Investec
Limited which are required to be disclosed under the Disclosure and Transparency
Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE
Listing Requirements.
Accordingly, we advise of the following changes to attributable interests in the
ordinary shares of Investec plc and Investec Limited:
A. TRANSACTIONS BY A DIRECTOR OF INVESTEC PLC AND INVESTEC LIMITED
1. TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE
"INVESTEC PLC ORDINARY SHARES")
In accordance with Disclosure and Transparency Rules ("DTR") 3.1.4R (1) (a) and
3.1.4R(1)(b), Investec plc confirms that, on the 25th June 2007, a director of
Investec plc was granted an award under the Investec Share Matching Plan 2005
(the `Incentive Plan`).
In terms of The Incentive Plan, as approved by shareholders at Investec plc`s
Extraordinary General Meeting held on Monday, 14th November 2005, an award under
the Incentive Plan comprise conditional entitlements to a number of Matching
Shares, subject to perfomance conditions, taking the form of nil cost options
over Investec plc ordinary shares, as set out in the table below.
Director Normal date Number of Total Number
of vesting Incentive of Matching
Plan Matching Shares held
Shares following the
awarded award
Glynn Burger Tranches -
75% June 150,000 750,000
2011; 25%
June 2012
B. TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
On the 25th June 2007, Investec made forfeitable awards in respect of nil cost
options in the capital of Investec plc and Investec Limited for nil
consideration pursuant to its Long Term Incentive Plan ("LTIP"). In terms of the
LTIP plan rules, 75% of the options are exercisable on 25 June 2011 and the
remaining 25% of the options are exercisable on 25 June 2012, on condition that
the participant is still employed by Investec. The awards are in accordance with
the determination of the Remuneration Committee and with the rules of the LTIP
plan.
1. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the
"INVESTEC LIMITED ORDINARY SHARES")
1(a) Award of nil cost options in Investec Limited ordinary shares
PDMR NUMBER OF OPTIONS AWARDED
Andrew Leith 200,000
Sam Hackner 200,000
TRANSACTIONS IN INVESTEC PLC ORDINARY SHARES OF GBP0.0002 EACH (THE "INVESTEC
PLC ORDINARY SHARES")
2(a) Award of nil cost options in Investec plc ordinary shares
In accordance with Disclosure and Transparency Rules ("DTR") 3.1.4R (1) (a) and
3.1.4R (1) (b), Investec plc advises of the following transactions by PDMRs:
PDMR NUMBER OF OPTIONS AWARDED
Bradley Fried 200,000
Steven Heilbron 200,000
David van der Walt 200,000
Hendrik du Toit 375,000
Johannesburg and London
26 June 2007
Sponsor:
Investec Bank Limited
Date: 26/06/2007 17:14:13 Produced by the JSE SENS Department.
