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Discovery Holdings Limited - Dealing In Securities By A Director

Release Date: 03/11/2004 15:44
Code(s): DSY
Wrap Text

Discovery Holdings Limited - Dealing In Securities By A Director DISCOVERY HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number : 1999/007789/06) ISIN : ZAE000022331 Share Code : DSY In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South Africa Listings Requirements, the following information is disclosed: Director : Mr. J M Robertson Class of security : Ordinary shares Nature of transaction : Sale Number of shares : 465 000 Date of transaction : 01 November 2004 Selling price : R16.5621 per ordinary share Total value of transaction : R7 701 395.70 Nature and extent of director"s interest : Indirect non-beneficial Clearance obtained : Yes Prior to the above transaction Mr. J M Robertson indirectly held 4,489,727 ordinary shares: 1,161,398 of these shares were acquired through Discovery"s capital raising exercise funded by personal debt. In order to reduce Mr. J M Robertson"s interest exposure he wishes to sell 700,000 shares of which 465,000 was sold on 01 November 2004 at R16.5621 per share. The intended sale constitutes approximately 15,59% of Mr. J M Robertson"s holdings. After the total intended sale, he will remain the holder of 3,789,727 ordinary shares. Sandton 03 November 2004 Merchant Bank and Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE Date: 03/11/2004 03:45:01 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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