| Fri 2 Jul 2010, 17:00 | | INL / INP - Investec Limited / Investec plc - Share options and Incentive Plan |
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INL INP
INL INP
INL / INP - Investec Limited / Investec plc - Share options and Incentive Plan
awards
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 1st July 2010, 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
awarded the award
Glynn Burger Tranches - 75%
July 2014; 25% 750,000 1,200,000
July 2015
Bernard Tranches - 75%
Kantor June 2014; 25% 750,000 1,050,000
June 2015
Stephen Tranches - 75%
Koseff June 2014; 25% 750,000 1,237,500
June 2015
Award of nil cost options in Investec plc ordinary shares
On the 1st July 2010, 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 01 July 2014 and the remaining 25% of
the options are exercisable on 01 July 2015, 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
Steven Heilbron 750,000
David van der Walt 750,000
Hendrik du Toit 750,000
David Clarke 300,000
Allen Zimbler 275,000
Raymond van Niekerk 275,000
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 25,000
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 1st July 2010, 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 01 July 2014 and the
remaining 25% of the options are exercisable on 01 July 2015, 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)
Investec plc advises of the following transactions by PDMRs:
PDMR NUMBER OF OPTIONS AWARDED
Sam Hackner 750,000
Andrew Leith 750,000
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 25,000
Johannesburg and London
02 July 2010
Sponsor:
Investec Bank Limited
Date: 02/07/2010 17:00:07 Produced by the JSE SENS Department.
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