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JOHANNESBURG/LONDON - Investec (LON:INVP) Limited and Investec plc, operating as a dual listed company structure, have disclosed recent transactions related to their Share Incentive Plan 2021, which involved the on-market acquisition of Investec Limited ordinary shares. These acquisitions were made to fulfill obligations to participants of the Plan.
On Tuesday, Investec acquired 55,000 shares at a price of ZAR 125.9407 per share, amounting to a total value of ZAR 6,926,738.50. The following day, Wednesday, an additional 11,510 shares were purchased at ZAR 126.6266 each, totaling ZAR 1,457,472.17 in value. The transactions were conducted in compliance with the JSE Listings Requirements, specifically paragraphs 3.63 to 3.66 and 3.96, which necessitate the disclosure of such dealings.
Investec ensured that prior clearance was obtained before dealing in these shares, adhering to the regulatory framework governing such financial activities. The company has duly notified the London Stock Exchange (LON:LSEG) and the JSE Limited of these transactions, as is mandatory under the rules set by the Financial Conduct Authority and the JSE Listings Requirements.
Investec Bank Limited served as the sponsor for these transactions. The information provided is based on a press release statement and is intended to keep shareholders and the market informed of the company’s compliance with the necessary disclosure obligations.
These transactions illustrate Investec’s ongoing commitment to its Share Incentive Plan, which is designed to align the interests of its employees with those of its shareholders by offering them the opportunity to hold a stake in the company’s success.
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