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Discovery Holdings Limited - Dealing In Securities By A Director

Release Date: 04/11/2004 14:36
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. S D Whyte Class of security : Ordinary shares Nature of transaction : Mr S D Whyte has entered into a hedge over his shares in order to
secure a financing arrangement. The hedge comprises put and call options (an option collar) and expires on 2 May 2006. Floor price : R16.20 Cap price : R19.76 Number of shares : 350 000 Date of transaction : 01 November 2004 Price of transaction : R16.20 Total value of transaction : R5 670 000.00 Nature and extent of director"s interest : Direct beneficial Clearance obtained : Yes Sandton 04 November 2004 Merchant Bank and Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE Date: 04/11/2004 02:36:15 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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