Last checked at 9 Dec 2014 15:00
(together "Investec")
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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.
Investec received notification on 09 December 2014 of the following transaction:
Award of nil cost options in Investec Limited ordinary shares
On the 08 December 2014, 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 08 June 2018 and the remaining 25% of the options are exercisable on 08 June 2019, 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 |
Ciaran Whelan | 175,000 |
Johannesburg and London
09 December 2014
Sponsor:
Investec Bank Limited