Investec plc, a dual-listed financial services company, announced today that Fletcher Street No.2 Limited, an entity associated with Investec plc director James Kieran Colum Whelan, has conducted an on-market disposal of a significant number of ordinary shares. The transaction details were disclosed in compliance with regulatory requirements.
Fletcher Street No.2 Limited, identified as an entity associated with James Kieran Colum Whelan, promptly notified both the London Stock Exchange (LSE) and the Johannesburg Stock Exchange (JSE) of this transaction. The disclosure is in accordance with Article 19 of the Market Abuse Regulation (Regulation 596/2014), the Disclosure Guidance, Transparency Rules, and Listing Rules of the Financial Conduct Authority, as well as the JSE Listings Requirements.
According to the disclosed information, Fletcher Street No.2 Limited sold Investec plc ordinary shares in an on-market disposal. The financial instruments involved in the transaction were ordinary shares with an identification code of GB00B17BBQ50, denominated at GBP0.0002 each.
The transaction took place over two separate trades, executed on June 20 and June 21, 2023, respectively, in London. The share prices were recorded at GBP4.64579 and GBP4.56550. The volumes traded amounted to 446,276 and 400,000 shares, resulting in a combined total of 846,276 shares.
The volume-weighted average price for the transaction was GBP4.60784, with a total transaction value of GBP3,899,504.58. The highest price per share reached GBP4.64579, while the lowest price was GBP4.56550.
Importantly, the transaction by Fletcher Street No.2 Limited, associated with James Kieran Colum Whelan, was deemed to be a direct non-beneficial interest. All necessary clearances were obtained for the involved securities dealings.