Dealings in securities
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US6315122092
(“Naspers” or “the company”)
DEALINGS IN SECURITIES
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following
information is disclosed :
Executive Director: Bob van Dijk
Transaction date: 23 July 2019
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 16 July 2019:
R3 494,00
Number of shares: 15 835 Naspers shares
Value: R55 327 490
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the
MIH Services FZ LLC employee share incentive
scheme to Bob van Dijk. The offer of an option to
purchase shares was made at market value on 16 July
2019 at R3 494,00, being the closing price on the
JSE Limited on that day. The offer was accepted on
23 July 2019. The first quarter of the options vest on
16 July 2020, the second quarter vests on 16 July
2021, the third quarter vests on 16 July 2022 and the
final quarter vests on 16 July 2023.
Post this allocation and as at 31 March 2020 the fair
value of Bob van Dijk’s share-based incentives will
be balanced based on the performance of the
ecommerce segment specifically (through share
appreciation rights), the performance of Naspers
as a whole (through Naspers share options), and
through Naspers PSUs1
Note:
1 The award of performance share units (PSUs) is subject to
shareholders approving the amendments to the Naspers
Restricted Stock Trust deed at the annual general meeting on
23 August 2019.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph
3.66 of the JSE Listings Requirements
Executive Director: Basil Sgourdos
Transaction date: 23 July 2019
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 16 July 2019:
R3 494,00
Number of shares: 8 211 Naspers shares
Value: R28 689 234.00
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the
MIH Services FZ LLC employee share incentive
scheme to Basil Sgourdos. The offer of an option to
purchase shares was made at market value on 16 July
2019 at R3 494,00, being the closing price on the
JSE Limited on that day. The offer was accepted on
23 July 2019. The first quarter of the options vest on
16 July 2020, the second quarter vests on 16 July
2021, the third quarter vests on 16 July 2022 and the
final quarter vests on 16 July 2023.
Post this allocation and as at 31 March 2020 the fair
value of Basil Sgourdos’s share-based incentives will
be balanced based on the performance of the
ecommerce segment specifically (through share
appreciation rights), the performance of Naspers
as a whole (through Naspers share options), and
through Naspers PSUs 1
Note:
1 The award of performance share units (PSUs) is subject to
shareholders approving the amendments to the Naspers
Restricted Stock Trust deed at the annual general meeting on
23 August 2019.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph
3.66 of the JSE Listings Requirements
Cape Town
24 July 2019
Sponsor: Investec Bank Limited
Date: 24/07/2019 05:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.