| Wed 15 Dec 2004, 16:11 | | Dealing in shares |
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Investec plc - Dealing in shares
Investec plc
(Incorporated in the United Kingdom)
(Registration number 3633621)
Share code: INP ISIN: GB0031773103
1. Notification pursuant to section 198 of the Companies Act 1985.
Investec plc (the `Company`) received notification on the 15th December 2004
that Fintique III BVI Limited (`Fintique`), an Investec leveraged equity plan,
disposed of 900,000 Investec plc ordinary shares of GBP0.001 each (`Ordinary
Shares`), being 1.2% of the issued Ordinary Shares of the Company on 15th
December 2004.
The total holdings of Fintique prior to the notification are laid out below:
Holdings Percentage
Fintique III (BVI) 4,564,920 6.10%
Limited
The total holdings of Fintique following the notification are laid out below:
Holdings Percentage
Fintique III (BVI) 3,664,920 4.90%
Limited
2.Notification of Directors` attributable interests
As a result of the disposal by Fintique, the Company received notification on
the 15th December 2004 that the interests of the directors in the Ordinary
Shares of Investec plc as set out in the table below have accordingly been
reduced.
Director Indirect Percentage of Price per
Beneficial issued class share
interest
S E Abrahams 7,264 <0.01% GBP15.50
H S Herman 52,887 0.07% GBP15.50
Following this notification, the directors` total beneficial and non-beneficial
holdings and the total percentage holdings of Investec plc Ordinary Shares are
as laid out in the table below:
Director Beneficial and non- Percentage of
beneficial issued class
holdings
S E Abrahams 8,000 0.01%
H S Herman 439,998 0.59%
As part of the dual listed company structure, Investec plc and Investec Limited
voluntarily notify both the London and Johannesburg Stock Exchanges of those
interests (and changes to those interests) of directors of both entities and the
respective company secretaries, and in certain instances the directors of
significant subsidiaries of Investec Limited, in the securities of Investec plc
and Investec Limited which are required to be disclosed under the Listing Rules
of the United Kingdom Listing Authority and/or the JSE Listing Requirements.
Accordingly, as a further result of the disposal by Fintique, we also advise the
following:
In accordance with the JSE Listing Requirements requiring disclosure of dealings
in securities of Investec plc and Investec Limited by the directors of major
subsidiaries of Investec Limited as well as by the Company Secretaries of
Investec Limited or Investec plc, the interests in the ordinary share capital of
Investec plc of Bradley Tapnack, a director of Investec Bank Limited (a company
incorporated in the Republic of South Africa), Selwyn Noik, Company Secretary
Investec Limited and Richard Vardy, Company Secretary of Investec plc, have
decreased as laid out in the table below:
Director Indirect beneficial Price per share
interest - Investec
plc
B Tapnack 11,274 GBP15.50
S Noik 808 GBP15.50
R Vardy 381 GBP15.50
At the same time The Investec Limited Security Purchase and Option Scheme 2000
Trust (` the SA Share Scheme`) purchased call options over 1,500,000 Ordinary
Shares in Investec plc at an exercise price of ZAR180.00, exercisable in equal
tranches on the 15th June 2005, 2006 and 2007.
Accordingly, the SA Share Scheme notified the Company on the 15th December 2004,
on behalf of the executive directors of the Company and pursuant to section 324
of the Companies Act 1985, that by virtue of the acquisition detailed above, all
the executive directors of the Company are interested in a further 1,500,000
Ordinary Shares in Investec plc. This is because the directors of the Company
(together with certain employees of the Company) are potential beneficiaries of
the SA Share Scheme and are therefore interested in all the unallocated Ordinary
Shares held by SA Share Scheme.
Enquiries:
Richard Vardy
Investec plc Group Company Secretary
+44 (0)207 597 4485
Date: 15/12/2004 04:05:26 PM
Produced by the JSE SENS Department
