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INL INP
INL INP
INL/INP - Investec Limited/ Investec plc - Award of nil cost options in Investec
plc ordinary shares
Investec Limited Investec plc
Incorporated in the Republic of Incorporated in England and
South Africa Wales
Registration number Registration number 3633621
1925/002833/06 JSE share code: INP
JSE share code: INL ISIN: GB00B17BBQ50
ISIN: ZAE000081949
(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")
Award of nil cost options in Investec plc ordinary shares
On 10 December 2010, Investec made 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 10 December 2014 and the remaining 25% of the options are
exercisable on 10 December 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 Persons Discharging
Managerial Responsibility ("PDMRs"):
PDMR NUMBER OF OPTIONS AWARDED
Stephen Elliott 185,000
Johannesburg and London
14 December 2010
Sponsor:
Investec Bank Limited
Date: 14/12/2010 17:00:01 Produced by the JSE SENS Department.
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