| Fri 26 Jun 2009, 16:30 | | INL/INP - Investec Limited/Investec plc - Transactions In Investec Plc |
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INL INP
INL INP
INL/INP - Investec Limited/Investec plc - Transactions In Investec Plc
Ordinary Shares
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:
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 2009, the
following directors of Investec plc were granted an award under the Investec
Share Matching Plan 2005 (the `Incentive Plan`).
In terms of the Incentive Plan an award under the Incentive Plan comprises
conditional entitlements to a number of Matching Shares, subject to
performance conditions, taking the form of nil cost options over Investec plc
ordinary shares, as set out in the table below.
Director Normal date of Number of Total Number of
vesting Incentive Plan Matching Shares
Matching Shares held following the
awarded award
Glynn Burger Tranches - 75%
June 2013; 25% 300,000 1,050,000
June 2014
Bernard Tranches - 75%
Kantor June 2013; 25% 300,000 1,050,000
June 2014
Stephen Tranches - 75%
Koseff June 2013; 25% 300,000 1,050,000
June 2014
Award of nil cost options in Investec plc ordinary shares
On the 25th June 2009, Investec made forfeitable awards in respect of nil
cost options in the capital of Investec plc 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 2013 and the remaining 25% of the
options are exercisable on 25 June 2014, 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.
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
Persons Discharging Managerial Responsibility ("PDMRs"):
PDMR NUMBER OF OPTIONS AWARDED
Bradley Fried 300,000
Steven Heilbron 300,000
David van der Walt 300,000
Hendrik du Toit 250,000
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:
NUMBER OF OPTIONS AWARDED
David Miller 20,000
2. TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the
"INVESTEC LIMITED ORDINARY SHARES")
Award of nil cost options in Investec Limited ordinary shares
On the 25th June 2009, Investec made forfeitable awards in respect of nil
cost options in the capital of 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 2013 and the remaining
25% of the options are exercisable on 25 June 2014, 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.
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
Andrew Leith 300,000
Sam Hackner 300,000
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements,
Investec Limited advises of the following changes to attributable interests
in Investec Limited by a director of a major subsidiary of Investec Limited:
NUMBER OF OPTIONS AWARDED
David Lawrence 100,000
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements,
Investec Limited advises of the following changes to attributable interests
in Investec Limited by the Company Secretary:
NUMBER OF OPTIONS AWARDED
Benita Coetsee 20,000
Johannesburg and London
26 June 2009
Sponsor:
Investec Bank Limited
Date: 26/06/2009 16:30:02 Produced by the JSE SENS Department.
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