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DSY - Discovery Holdings Limited - Directors Dealings
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
JSE share code: DSY
("Discovery")
DIRECTORS DEALINGS
Shareholders are referred to the announcement released on SENS on 13 September
2007 and published in the press on 14 September 2007 (the "terms
announcement"), relating to the detailed terms of the disposal of 3.6% of
Discovery by FirstRand Limited ("FirstRand") and the unbundling of FirstRand`s
remaining 53.4% to FirstRand shareholders.
As indicated in the announcement, FirstRand will, prior to the unbundling,
dispose of, in aggregate, 21,569,301 Discovery shares to Discovery senior
management, the Discovery share trust and RMB Holdings Limited. These
disposals are in terms of an existing pre-emptive right, and are conditional
on inter alia FirstRand shareholder approval to implement the unbundling. In
the terms announcement, it was announced that Adrian Gore and Barry Swartzberg
would collectively own 13.88% of Discovery, this has increased to 13.92% and
Discovery senior management`s shareholding has decreased to 3.53% from 3.58%
of Discovery.
In compliance with rule 3.63 to 3.66 of the JSE Limited Listings Requirements,
shareholders are advised of the following purchases by directors of Discovery:
Director: Adrian Gore
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 7,910,313 ordinary shares
Purchase price: R26.77
Transaction value: R211,759,080
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Director: Herschel Mayers
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 1,193,998 ordinary shares
Purchase price: R26.77
Transaction value: R31,963,318
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Director: Barry Swartzberg
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 4,733,546 ordinary shares
Purchase price: R26.77
Transaction value: R126,717,031
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Director: John Robertson
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 232,166 ordinary shares
Purchase price: R26.77
Transaction value: R6,215,090
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Director: Neville Koopowitz
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 218,900 ordinary shares
Purchase price: R26.77
Transaction value: R5,859,942
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Director: Alan Pollard
Date of transaction: 13 September 2007
Nature of transaction: Acquisition of Discovery shares
Number of securities: 122,716 ordinary shares
Purchase price: R26.77
Transaction value: R3,285,119
Director`s interest: Indirect beneficial
Clearance obtained: Yes
Sandton
21 September 2007
Financial advisor and transaction sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 21/09/2007 14:57:54 Supplied by www.sharenet.co.za
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