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Transactions in Investec plc and Investec Limited Ordinary Shares
Investec Limited Investec plc
Incorporated in the Republic of South Africa Incorporated in England and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL LSE share code: INVP
JSE hybrid code: INPR JSE share code: INP
JSE debt code: INLV ISIN: GB00B17BBQ50
NSX share code: IVD LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
Transactions in Investec plc and Investec Limited Ordinary Shares
As part of the dual listed company structure, Investec plc and Investec Limited (together "Investec") notify
both the London and Johannesburg Stock Exchanges of those interests (and changes to those interests)
of persons discharging managerial responsibilities (PDMRs) across the group in the securities of Investec
plc and Investec Limited which are required to be disclosed under Article 19 of the Market Abuse Regulation
(Regulation 596/2014), the Disclosure Guidance and Transparency Rules of the United Kingdom Listing
Authority (the "UKLA") and/or the JSE Listings Requirements.
TRANSACTIONS BY PDMRs IN INVESTEC PLC ORDINARY SHARES
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marle van der Walt
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 44 413
d) Aggregated information
- Aggregated volume 44 413
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 229,890.57
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Lyndon Subroyen
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 292 758
d) Aggregated information
- Aggregated volume 292 758
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 1,515,373.96
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 7 827
d) Aggregated information
- Aggregated volume 7 827
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 40,514.12
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares to settle a tax liability arising
from the vesting of conditional share awards from prior
periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 740
d) Aggregated information
- Aggregated volume 740
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 3,380.39
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Off market take up of shares on vesting of conditional
share awards which are subject to retention
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 822
d) Aggregated information
- Aggregated volume 822
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 4,254.84
Highest price N/A
Lowest price N/A
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marc Kahn
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.2793 69 082
d) Aggregated information
- Aggregated volume 69 082
- Price GBP 5.2793
e) Date of the transaction 12 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.2793
Total value of transaction GBP 364,705.23
Highest price GBP 5.2925
Lowest price GBP 5.2650
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares to settle a tax liability arising
from the vesting of conditional share awards from prior
periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 152 803
d) Aggregated information
- Aggregated volume 152 803
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 790,938.89
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Off market take up of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 171 573
d) Aggregated information
- Aggregated volume 171 573
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 888,096.16
Highest price N/A
Lowest price N/A
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ruth Leas
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.2800 171 573
d) Aggregated information
- Aggregated volume 171 573
- Price GBP 5.2800
e) Date of the transaction 15 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.2800
Total value of transaction GBP 905,912.86
Highest price GBP 5.2850
Lowest price GBP 5.2800
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Currie
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares to settle a tax liability arising
from the vesting of conditional share awards from prior
periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 98 862
d) Aggregated information
- Aggregated volume 98 862
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 511,729.48
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Currie
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Off market take up of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 120 489
d) Aggregated information
- Aggregated volume 120 489
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 623,675.16
Highest price N/A
Lowest price N/A
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Abey Mokgwatsane
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction On market sale of shares to settle a tax liability arising
from the vesting of conditional share awards from prior
periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 850
d) Aggregated information
- Aggregated volume 850
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 4,399.77
Highest price GBP 5.1762
Lowest price GBP 5.1762
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Abey Mokgwatsane
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec plc
b) LEI 2138007Z3U5GWDN3MY22
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of GBP0.0002 each
Identification code GB00B17BBQ50
b) Nature of the transaction Off market take up of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 5.1762 948
d) Aggregated information
- Aggregated volume 948
- Price GBP 5.1762
e) Date of the transaction 11 December, 2025
f) Place of the transaction London
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price GBP 5.1762
Total value of transaction GBP 4,907.04
Highest price GBP N/A
Lowest price GBP N/A
Nature of interest Direct Beneficial
TRANSACTIONS BY DIRECTORS / PDMRs IN INVESTEC LIMITED ORDINARY SHARES
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Stuart Spencer
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec Limited
b) LEI 213800CU7SM6O4UWOZ70
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction On market sale of shares on the vesting of conditional
share awards from prior periods
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR 117.1600 30 829
d) Aggregated information
- Aggregated volume 30 829
- Price ZAR 117.1600
e) Date of the transaction 11 December, 2025
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price ZAR 117.1600
Total value of transaction ZAR 3,611,925.64
Highest price ZAR 117.1600
Lowest price ZAR 117.1600
Nature of interest Direct Beneficial
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Marle van der Walt
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Investec Limited
b) LEI 213800CU7SM6O4UWOZ70
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have
been conducted
a) Description of the financial
instrument, type of instrument Ordinary shares of ZAR0.0002 each
Identification code ZAE000081949
b) Nature of the transaction On market sale of shares on the vesting of forfeitable
share award from prior period
c) Price(s) and volume(s)
Price(s) Volume(s)
ZAR 117.8741 12 928
d) Aggregated information
- Aggregated volume 12 928
- Price ZAR 117.8741
e) Date of the transaction 12 December, 2025
f) Place of the transaction Johannesburg
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements we disclose the following
additional information:
Volume weighted average price ZAR 117.8741
Total value of transaction ZAR 1,523,876.36
Highest price ZAR 118.1200
Lowest price ZAR 117.5300
Nature of interest Direct Beneficial
Clearance was obtained for the above dealings in securities.
London and Johannesburg
15 December, 2025
Sponsor
Investec Bank Limited
Date: 15-12-2025 04:00:00
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