To view the PDF file, sign up for a MySharenet subscription.

DSY - Discovery - Dealings in Securities by Directors

Release Date: 02/03/2012 07:30
Code(s): DSY
Wrap Text

DSY - Discovery - Dealings in Securities by Directors Discovery Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06 Share code: DSY ISIN: ZAE000022331 ("Discovery") DEALINGS IN SECURITIES BY DIRECTORS Shareholders are referred to the announcement of 30 December 2009 which described the hedging transactions entered into by Mr. Gore and Mr. Swartzberg, over a portion of their respective holdings in Discovery shares. The shares subject to the collar amount to 22% (12.12 million shares) and 15% (4.26 million shares) of Mr. Gore and Mr. Swartzberg`s holdings of Discovery shares respectively. Mr. Gore and Mr. Swartzberg have agreed with the counter-party to increase the strike price of the collar as indicated in the table below. All other terms of the hedging transactions as announced on 30 December 2009 remain unchanged: Director : Adrian Gore Date of transaction : 29 December 2009 Original 29 February 2012 Revision
Class of shares : Options over Discovery ordinary shares Nature of interest : Indirect beneficial Nature of transaction : Off-market adjustment to call strike price of zero-cost collar options Number of options : 12,124,590 Clearance obtained : Yes Table of Options: Tranc Number of Expiry Duration Original Revised Call he Options Call strike strike
1 2,424,918 2-Mar-13 40 months 48.22 48.35 2 2,424,918 2-May-13 42 months 48.22 48.35 3 2,424,918 1-Jul-13 44 months 48.22 48.35 4 2,424,918 2-Sep-13 46 months 48.22 48.35 5 2,424,918 1-Nov-13 48 months 48.22 48.35 Director : Barry Swartzberg Date of transaction : 29 December 2009 Original 29 February 2012 Revision
Class of shares : Options over Discovery ordinary shares Nature of interest : Indirect beneficial Nature of transaction : Off-market adjustment to call strike price of zero-cost collar options Number of options : 4,259,990 Clearance obtained : Yes Table of Options: Tranche Number Expiry Duration Original Revised Call of Call strike Options strike 1 851,998 2-Mar-13 40 months 48.22 48.51 2 851,998 2-May-13 42 months 48.22 48.51 3 851,998 1-Jul-13 44 months 48.22 48.51 4 851,998 2-Sep-13 46 months 48.22 48.51 5 851,998 1-Nov-13 48 months 48.22 48.51 Sandton 02 March 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/03/2012 07:30:01 Supplied by www.sharenet.co.za 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.

Share This Story