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DISCOVERY LIMITED - Dealing in securities by a director

Release Date: 19/06/2013 14:19
Code(s): DSY     PDF:  
Wrap Text
Dealing in securities by a director

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery”)

DEALING IN SECURITIES BY A DIRECTOR

Further to the announcements released on SENS on 30 December 2009
regarding zero-cost collar hedging transactions that were entered
into by Mr. Gore on 29 December 2009 and an announcement released
on 2 March 2012 advising of certain changes to the terms of the
collar agreement, shareholders are advised that Mr Gore has
entered into a further agreement to purchase tranches three, four
and five of the call options from Investec Bank Limited. As a
result thereof the applicable Discovery shares will not be sold
and there will be no change in the beneficial ownership in respect
of Mr Gore’s shareholding.

Director                          Adrian Gore
Date of transaction               14 June 2013
Nature of the transaction         Agreement to purchase options
Class of shares                   Options over Discovery shares
Number of options to be           Tranche 3: 2,424,918
purchased                         Tranche 4:2,424,918
                                  Tranche 5:2,424,918
Price                             Tranche 3: 10 business day VWAP
                                  to 28 Jun 13
                                  Tranche 4: 10 business day VWAP
                                  to 29 Aug 13
                                  Tranche 5: 10 business day VWAP
                                  to 29 Oct 13
Nature of interest                Indirect beneficial
On market/off market              Off market
Clearance obtained                Yes

Sandton
19 June 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/06/2013 02:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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