INVESTEC LIMITED - Transactions in Investec plc and Investec Limited Ordinary Shares
What this filing means
Investec announced routine share dealings by several PDMRs, primarily involving on-market sales to settle tax liabilities arising from the vesting of conditional share awards.
Several Investec executives received shares as part of their compensation and sold a portion of them to pay the required taxes. This is a standard administrative process and does not indicate any lack of confidence in the company.
Bull case
- The vast majority of the reported on-market sales were executed specifically to settle tax liabilities arising from the vesting process, rather than representing discretionary executive exits.
- Internal governance procedures were properly followed, with explicit clearance obtained for all the reported dealings in securities.
Bear case
- The aggregate volume of shares sold by multiple senior executives creates a minor near-term supply event in the market.
- No further filing-grounded bearish signal is disclosed in this filing.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
Investec has published a routine regulatory disclosure regarding share dealings by multiple PDMRs across its dual-listed structure. The transactions primarily consist of on-market sales to settle tax liabilities arising from the vesting of conditional share awards, alongside the off-market take-up of the remaining shares. This is a standard remuneration compliance step and does not represent discretionary executive selling or a change in insider conviction. Rating Context: This is a technical/administrative event with no direct equity impact.
Routine filing. No equity signal. No portfolio action required.
Decision framework
Current stance: Filing Neutral
Key drivers
- The vast majority of the reported on-market sales were executed specifically to settle tax liabilities arising from the vesting process, rather than representing discretionary executive exits.
- Internal governance procedures were properly followed, with explicit clearance obtained for all the reported dealings in securities.
Key risks
- The aggregate volume of shares sold by multiple senior executives creates a minor near-term supply event in the market.
- The cumulative liquidity events across the PDMR group mechanically place additional shares into market circulation.
What would change the view
- Guidance and cash-flow quality both improve materially from current baseline.
- Subsequent filings remove current uncertainty and confirm durable execution.
- Market structure/positioning shifts enough to support a directional thesis.
Evidence from the filing
Internal governance procedures were properly followed, with explicit clearance obtained for all the reported dealings in securities.
“Clearance was obtained for the above dealings in securities.”
The vast majority of the reported on-market sales were executed specifically to settle tax liabilities arising from the vesting process, rather than representing discretionary executive exits.
“TRANSACTIONS BY DIRECTORS/PDMRs IN INVESTEC PLC ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4700 161 d) Aggregated information - Aggregated volume 161 - Price GBP 6.4700 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4700 Total value of transaction GBP 1,041.67 Highest price GBP 6.47 Lowest price GBP 6.47 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4700 190 d) Aggregated information - Aggregated volume 190 - Price GBP 6.4700 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4700 Total value of transaction GBP 1,229.30 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 798 d) Aggregated information - Aggregated volume 798 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 5,147.82 Highest price GBP 6.47 Lowest price GBP 6.43 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 968 d) Aggregated information - Aggregated volume 968 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 6,244.47 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 4,365 d) Aggregated information - Aggregated volume 4,365 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 28,256.83 Highest price GBP 6.54 Lowest price GBP 6.41 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period, which are subject to retention c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 5,336 d) Aggregated information - Aggregated volume 5,336 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 34,542.60 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 4,968 d) Aggregated information - Aggregated volume 4,968 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 32,160.35 Highest price GBP 6.54 Lowest price GBP 6.41 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 6,048 d) Aggregated information - Aggregated volume 6,048 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 39,151.73 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 10,471 d) Aggregated information - Aggregated volume 10,471 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 67,547.37 Highest price GBP 6.47 Lowest price GBP 6.43 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 12,762 d) Aggregated information - Aggregated volume 12,762 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 82,326.39 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 6,001 d) Aggregated information - Aggregated volume 6,001 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 38,847.47 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 7,276 d) Aggregated information - Aggregated volume 7,276 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 47,101.19 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 13,142 d) Aggregated information - Aggregated volume 13,142 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 85,074.74 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 16,192 d) Aggregated information - Aggregated volume 16,192 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 104,818.91 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 11,875 d) Aggregated information - Aggregated volume 11,875 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 76,872.81 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 14,397 d) Aggregated information - Aggregated volume - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 93,198.98 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 17,019 d) Aggregated information - Aggregated volume 17,019 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 109,787.87 Highest price GBP 6.47 Lowest price GBP 6.43 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 21,191 d) Aggregated information - Aggregated volume 21,191 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735.”
The aggregate volume of shares sold by multiple senior executives creates a minor near-term supply event in the market.
“TRANSACTIONS BY DIRECTORS/PDMRs IN INVESTEC PLC ORDINARY SHARES 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4700 161 d) Aggregated information - Aggregated volume 161 - Price GBP 6.4700 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4700 Total value of transaction GBP 1,041.67 Highest price GBP 6.47 Lowest price GBP 6.47 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4700 190 d) Aggregated information - Aggregated volume 190 - Price GBP 6.4700 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4700 Total value of transaction GBP 1,229.30 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 798 d) Aggregated information - Aggregated volume 798 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 5,147.82 Highest price GBP 6.47 Lowest price GBP 6.43 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 968 d) Aggregated information - Aggregated volume 968 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 6,244.47 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 4,365 d) Aggregated information - Aggregated volume 4,365 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 28,256.83 Highest price GBP 6.54 Lowest price GBP 6.41 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period, which are subject to retention c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 5,336 d) Aggregated information - Aggregated volume 5,336 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 34,542.60 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 Lesley-Anne Gatter 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 4,968 d) Aggregated information - Aggregated volume 4,968 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 32,160.35 Highest price GBP 6.54 Lowest price GBP 6.41 Nature of interest Direct Beneficial 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Lesley-Anne Gatter 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 6,048 d) Aggregated information - Aggregated volume 6,048 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 39,151.73 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 10,471 d) Aggregated information - Aggregated volume 10,471 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 67,547.37 Highest price GBP 6.47 Lowest price GBP 6.43 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 12,762 d) Aggregated information - Aggregated volume 12,762 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 82,326.39 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 6,001 d) Aggregated information - Aggregated volume 6,001 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 38,847.47 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 7,276 d) Aggregated information - Aggregated volume 7,276 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 47,101.19 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 13,142 d) Aggregated information - Aggregated volume 13,142 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 85,074.74 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 16,192 d) Aggregated information - Aggregated volume 16,192 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 104,818.91 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 11,875 d) Aggregated information - Aggregated volume 11,875 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 76,872.81 Highest price GBP 6.54 Lowest price GBP 6.41 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 INVP - 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 from a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 14,397 d) Aggregated information - Aggregated volume - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735 Total value of transaction GBP 93,198.98 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4509 17,019 d) Aggregated information - Aggregated volume 17,019 - Price GBP 6.4509 e) Date of the transaction 29 May 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4509 Total value of transaction GBP 109,787.87 Highest price GBP 6.47 Lowest price GBP 6.43 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 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 INVP - 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 a prior period c) Price(s) and volume(s) Price(s) Volume(s) GBP 6.4735 21,191 d) Aggregated information - Aggregated volume 21,191 - Price GBP 6.4735 e) Date of the transaction 1 June 2026 f) Place of the transaction London In compliance with paragraphs 6.77 to 6.89 of the JSE Listings Requirements we disclose the following additional information: Volume weighted average price GBP 6.4735.”
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