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19 June 2025 15:00:44
- Source: Sharecast
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Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL JSE hybrid code: INPR JSE debt code: INLV NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 LEI: 213800CU7SM6O4UWOZ70 |
Investec plc Incorporated in England and Wales Registration number 3633621 LSE share code: INVP JSE share code: INP ISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22 |
TRANSACTIONS IN INVESTEC LIMITED ORDINARY SHARES OF ZAR0.0002 EACH (the "INVESTEC LIMITED ORDINARY SHARES")
Interests in Investec Limited Ordinary Shares - Directors of major subsidiaries
On 30 May 2025 the Group announced the award of forfeitable awards made to PDMRs and Directors of major subsidiaries ("the Award Announcement").
The Award Announcement confirmed the award of 20,904 forfeitable shares representing Long-Term Incentive ("LTI") awarded to Rupesh Govan, a Director of Investec Bank Limited, a major subsidiary of Investec Limited, pursuant to the Investec Limited Share Incentive Plan 2021. This award represented a portion of his full LTI award.
On the 30 May 2025 an election was made by Rupesh Govan to participate in the Share Appreciation Rights Plan in respect of 16.67% of his LTI award. Due to the administrative process associated with the Share Appreciation Rights Plan, the resulting details of this election relating to the portion of the LTI allocated in Share Appreciation Rights only became available on 13 June 2025, which are disclosed below.
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1 |
Details of the person discharging managerial responsibilities / person closely associated
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a) |
Name |
Rupesh Govan |
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2 |
Reason for the notification
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a) |
Position/status
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Director of Major Subsidiary |
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b) |
Initial notification/Amendment
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Amendment |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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Investec Limited |
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b) |
LEI
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213800CU7SM6O4UWOZ70
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of ZAR0.0002 each
ZAE000081949 |
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b) |
Nature of the transaction
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Further to the 20,904 Long-Term Incentive forfeitable shares previously disclosed on 30 May 2025, Rupesh Govan elected that the remaining portion of the LTI awards participate in the Share Appreciation Rights award type representing Long-Term Incentive pursuant to the Investec Limited Share Incentive Plan 2021. The Share Appreciation Rights were issued with a strike price of R119.60 with a deferred vesting period in each of years 3 to 5 from the date of award. |
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c) |
Nature on interest |
Indirect Beneficial |
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d) |
Price(s) and volume(s)
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e) |
Aggregated information - Aggregated volume - Price |
20,317 Nil |
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f) |
Date of the transaction |
13 June 2025 |
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g) |
Place of the transaction |
Johannesburg |
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Clearance was obtained for the above dealings in securities.
London and Johannesburg
19 June 2025
Sponsor
Investec Bank Limited
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