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LONDON/JOHANNESBURG - Investec plc and Investec Limited have disclosed the acquisition of shares to satisfy obligations under their Share Incentive Plans 2021, according to a press release statement issued Thursday.
The Investec plc Share Incentive Plan 2021 purchased 200,000 ordinary shares across two transactions. On February 3, the plan acquired 100,000 shares at a price of £6.1470 per share, with a total value of £614,699.50. The following day, another 100,000 shares were purchased at £6.1976 per share, totaling £619,759.70.
Additionally, the Investec Limited Share Incentive Plan 2021 acquired 39,353 shares on February 3 at ZAR 135.7850 per share, with a total value of ZAR 5,343,547.11.
The transactions were conducted on the open market to fulfill the plans’ obligations to participants. Prior clearance for these dealings was obtained, as required by regulations.
The disclosure was made in compliance with the JSE Listings Requirements paragraphs 3.63 to 3.66 and 3.96, which mandate the disclosure of indirect beneficial on-market acquisitions of ordinary shares made to satisfy obligations to plan participants.
Investec operates under a dual-listed company structure, with listings on both the London Stock Exchange and the Johannesburg Stock Exchange (JSE).
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