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JOHANNESBURG/LONDON - Investec (LON:INVP) Limited and Investec plc, operating under a dual listed company structure, have disclosed recent transactions made to satisfy obligations under the Investec Limited Share Incentive Plan 2021. The company has notified both the London Stock Exchange (LON:LSEG) (LSE) and the JSE Limited (JSE) in compliance with the rules set by the Financial Conduct Authority (FCA) and the JSE Listings Requirements.
The transactions involved the on-market acquisition of Investec Limited ordinary shares on three consecutive days. On Monday, Investec acquired 200,000 shares at a price of ZAR 119.8937 per share, totaling ZAR 23,978,740.00. The following day, Tuesday, the company purchased 181,603 shares at ZAR 120.0193 each, amounting to ZAR 21,795,864.94. The final acquisition occurred on Wednesday, with another 200,000 shares bought at ZAR 119.1649 per share, for a total value of ZAR 23,832,980.00.
Prior clearance for these transactions was obtained as required. These acquisitions are part of the regular operations to fulfill the commitments of the Share Incentive Plan to its participants. The Plan is designed to align the interests of employees with those of shareholders by providing incentives through company shares.
Investec Bank Limited acted as the sponsor for these transactions. The news service of the London Stock Exchange, RNS, provided this information, which is regulated by the Financial Conduct Authority in the UK. The transactions are part of the standard disclosures required by financial authorities to ensure transparency in the dealings of publicly listed companies.
Investors and stakeholders in the market often monitor such transactions as they can indicate a company’s commitment to its incentive plans and the potential retention of key employees through share-based compensation. This information is based on a press release statement.
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