| Thu 11 Aug 2011, 14:50 | | INL / INP - Investec Limited / Investec plc - Dealings by a Director of |
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INL INP
INL INP
INL / INP - Investec Limited / Investec plc - Dealings by a Director of
Investec plc and Investec Limited - Peter Malungani
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
As part of the dual listed company structure, Investec plc and Investec Limited
(together "Investec") 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.
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH.
Dealings by a Director of Investec plc and Investec Limited - Peter Malungani
As announced on 15 May, 2003, Investec Limited entered into various black
economic empowerment transactions (the "BEE Transaction") as part of their
commitment to broadening both the ownership and representative components of
black economic empowerment.
In 2003 the BEE Transaction required financing arrangements that facilitated the
purchase of Investec Limited ordinary shares. This was an eight year transaction
which has matured and some of the parties to the BEE Transaction have agreed to
a refinancing of these arrangements which results in various transactions in
relation to both Investec Limited and Investec plc ordinary shares.
After the conclusion of this refinancing, the Entrepreneurship Development Trust
will hold 23,001,108 Investec Limited ordinary shares (shareholding as at 31
March 2011: 14,000,000) and Tiso INL Investments 1 (Pty) Limited (a 100% held
company by Kagiso Tiso Holdings Limited) will hold 7,062,635 Investec Limited
ordinary shares (shareholding as at 31 March 2011: 14,000,000) and Peu INL
Investments 1 (Pty) Limited (a 100% held company by Peu Group Limited) will hold
zero Investec Limited ordinary shares (shareholding as at 31 March
2011:5,555,555).
As a result of these transactions, Investec Limited received notification on 11
August 2011 that Peu Group Pty Limited ("Peu"), one of the BEE parties being a
wholly black-owned and managed investment holding company led by Mr Peter
Malungani, a director of Investec Limited, Investec plc and Investec Bank
Limited, has unwound its remaining interest in Investec Limited.
As a consequence of this transaction by Peu, the following information in
relation to Mr Malungani`s interests in Investec Limited is disclosed:
Sale of shares:
Nature of transaction Reduction in attributable interest as a
result of the disposal by Peu of 5,555,555
Investec Limited ordinary shares
Number of Securities 3,288,890
Volume weighted average ZAR51.55
selling price
Total value of transaction ZAR169, 542, 279
Highest price ZAR51.55
Lowest price ZAR51.55
Nature of interest Indirect beneficial
Date and place of 11 August, 2011: Johannesburg
transaction
Clearance was obtained for the above dealings in securities.
Johannesburg and London
11 August 2011
Sponsor:
Investec Bank Limited
Date: 11/08/2011 14:50:10 Produced by the JSE SENS Department.
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