| Mon 19 Apr 2010, 15:27 | | INL/INP - Investec Limited/Investec Plc - Rule 8.1 of the UK City Code on |
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INL INP
INL INP
INL/INP - Investec Limited/Investec Plc - Rule 8.1 of the UK City Code on
Takeovers and Merger
Investec Limited Investec plc
Incorporated in the Republic of Incorporated in England and Wales
South Africa Registration number 3633621
Registration number JSE share code: INP
1925/002833/06 ISIN: GB00B17BBQ50
JSE share code: INL
ISIN: ZAE000081949
As part of the dual listed company ("DLC") structure, disclosures made pursuant
to requirements applicable to the London Stock Exchange or the JSE Limited are
released on both exchanges.
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Identity of the party to the offer or INVESTEC PLC (DEALINGS BY
person acting in concert making the disclosure: INVESTEC SECURITIES LTD)
(b) Owner or controller of interests and short
positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies
is insufficient
(c) Name of offeror/offeree in relation to INVESTEC LTD
whose relevant securities this form relates:
Use a separate form for each
offeror/offeree
(d) Status of person making the disclosure: OFFEROR
e.g. offeror, offeree, person acting in
concert with the offeror/offeree (specify name
of offeror/offeree)
(e) Date dealing undertaken: 16/04/2010
(f) Has the party previously disclosed, or is YES
it today disclosing, under the Code in respect
of any other party to this offer?
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing
Class of relevant security: ZAR 0.02 ordinary
Interests Short positions
Number % Number %
(1) Relevant securities owned 20,697,408 8.2183
and/or controlled:
(2) Derivatives (other than
options):
(3) Options and agreements to 88,400 0.0351
purchase/sell:
20,697.408 8.2183 88,400 0.0351
TOTAL:
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, or agreements to purchase or
sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).
Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors` and other
executive options)
Class of relevant security in
relation to which subscription right
exists:
Details, including nature of the
rights concerned and relevant
percentages:
If there are positions or rights to subscribe to disclose in more than one class
of relevant securities of the offeror or offeree named in 1(c), copy table 2(a)
or (b) (as appropriate) for each additional class of relevant security.
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant Purchase/sale Number of Price per unit
security securities
ZAR 0.02 ordinary Purchase 613 ZAR 64.68
Purchase 613 ZAR 64.90
Purchase 253,072 ZAR 64.95
Purchase 1,226 ZAR 65.08
Purchase 613 ZAR 65.11
Purchase 706 ZAR 65.20
Purchase 111 ZAR 65.22
Purchase 613 ZAR 65.27
(b) Derivatives transactions (other than options)
Class of Product Nature of dealing Number of Price per
relevant description e.g. opening/closing a reference unit
security e.g. CFD long/short position, securities
increasing/reducing a
long/short position
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number of
relevant description purchasing, securities to
security e.g. call selling, which option
option varying etc. relates
Table continued
Exercise Type Expiry Option money paid/
price per e.g. American, date received per unit
unit European etc.
(ii) Exercising
Class of Product Number of Exercise price per
relevant description securities unit
security e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of Nature of dealing Details Price per unit
relevant e.g. subscription, (if applicable)
security conversion
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of
the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which
may be an inducement to deal or refrain from dealing entered into by the
party to the offer or person acting in concert making the disclosure and
any other person:
If there are no such agreements, arrangements or understandings, state
"none"
(b) Agreements, arrangements or understandings relating to options or
derivatives
Details of any agreement, arrangement or understanding, formal or
informal, between the party to the offer or person acting in concert
making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state
"none"
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) YES
Supplemental Form 8 (SBL) NO
Date of disclosure: 19/04/2010
Contact name: DAVID BURFOOT
Telephone number: 0207 597 4394
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panel`s Market Surveillance Unit is available
for consultation in relation to the Code`s dealing disclosure requirements on
+44 (0)20 7638 0129.
The Code can be viewed on the Panel`s website at www.thetakeoverpanel.org.uk.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL
ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Identity of person whose open positions are INVESTEC SECURITIES LTD
being disclosed:
Name of offeror/offeree in relation to whose INVESTEC PLC
relevant securities the disclosure relates:
2. OPTIONS AND DERIVATIVES
Class of Product Written Number of Exercise Type Expiry date
relevant description or securities price e.g.
security e.g. call purchased to which per unit American,
option option or European
derivative etc.
relates
ZAR 0.02 Call Option Purchased 1,000 40 Rand European 23/09/2010
ordinary
ZAR 0.02 Futures Written 87,900 European 17/06/2010
ordinary
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the
interest or position can be fully understood:
It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
The Panel`s Market Surveillance Unit is available for consultation in relation
to the Code`s dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel`s website at www.thetakeoverpanel.org.uk.
19 April 2010
Sponsor: Investec Bank Limited
Date: 19/04/2010 15:27:01 Produced by the JSE SENS Department.
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