Investec reports share purchases for incentive plan

JOHANNESBURG - Investec (LON:INVP) Limited and Investec plc, operating under a dual listed company structure, have disclosed recent transactions related to their Share Incentive Plan 2021, which involved the acquisition of ordinary shares to fulfill obligations to the Plan’s participants.

The transactions took place over three consecutive days, beginning on Monday, February 6, 2025, and concluding on Wednesday, February 10, 2025. Each day, 200,000 Investec Limited ordinary shares were acquired at varying prices, resulting in a total expenditure of ZAR 72,107,080.00. The share prices ranged from ZAR 119.1373 to ZAR 120.9581 over the course of the three days.

The company confirmed that all necessary clearances to conduct these transactions were duly obtained prior to the acquisitions. The details of the share purchases were made in compliance with the JSE Listings Requirements, specifically paragraphs 3.63 to 3.66 and 3.96, which mandate the disclosure of indirect beneficial acquisitions of shares.

Investec Limited is registered in the Republic of South Africa and is listed on multiple stock exchanges including the Johannesburg Stock Exchange (JSE), Namibia Stock Exchange (NSX), and Botswana Stock Exchange (BSE). Its counterpart, Investec plc, is incorporated in England and Wales and is listed on the London Stock Exchange (LON:LSEG) (LSE) and the JSE.

This information, based on a press release statement, was provided by RNS, the news service of the London Stock Exchange and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280) as a Primary Information Provider. Terms and conditions relating to the use and distribution of this information may apply.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.