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NASPERS LIMITED - Dealings in Securities

Release Date: 27/09/2017 17:50
Code(s): NPN     PDF:  
Wrap Text
Dealings in Securities

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
(“Naspers” or “the company”)


DEALINGS IN SECURITIES


  In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following
                               information is disclosed:-

Executive director:                   Mr Mark Sorour
Transaction date:                     28 August 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 28 August
                                      2017 : R2 948,00
Number of shares:                     11 049 Naspers shares
Value:                                R32 572 452,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Holdings employee share incentive scheme to
                                      Mr Mark Sorour. The offer of an option to purchase
                                      shares was made at market value on 28 August 2017
                                      at R2 948,00, being the closing price on the JSE
                                      Limited on that day. The offer was accepted on 26
                                      September 2017. The first quarter of the options vest
                                      on 28 August 2018, the second quarter vests on 28
                                      August 2019, the third quarter vests on 28 August
                                      2020 and the final quarter vests on 28 August 2021.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements

Executive Director:                   Mr Basil Sgourdos
Transaction date:                     8 September 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 8 September
                                      2017 : R2 863,84
Number of shares:                     5 776 Naspers shares
Value:                                R16 541 539,84
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC (previously MIH (Mauritius))
                                      employee share incentive scheme to Mr Basil
                                      Sgourdos. The offer of an option to purchase shares
                                      was made at market value on 8 September 2017 at
                                      R2 863,84, being the closing price on the JSE
                                      Limited on that day. The offer was accepted on 26
                                      September 2017. The first quarter of the options vest
                                      on 8 September 2018, the second quarter vests on 8
                                      September 2019, the third quarter vests on 8
                                      September 2020 and the final quarter vests on 8
                                      September 2021.

                                      Post this allocation the fair value of Mr Basil
                                      Sgourdos’s share-based incentives are balanced
                                      approximately as follows:
                                      - 50% based on ecommerce ventures specifically
                                      - 50% based on the performance of Naspers as a
                                          whole

Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements



Executive director of a major
subsidiary:                           Ms Uvashni Raman
Transaction date:                     28 August 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 28 August
                                      2017 : R2 948,00
Number of shares:                     4 199 Naspers shares
Value:                                R12 378 652,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Holdings employee share incentive scheme to
                                      Ms Uvashni Raman. The offer of an option to
                                      purchase shares was made at market value on 28
                                      August 2017 at R2 948,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 26 September 2017. The first quarter of the
                                      options vest on 28 August 2018, the second quarter
                                      vests on 28 August 2019, the third quarter vests on
                                      28 August 2020 and the final quarter vests on 28
                                      August 2021.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements



Executive Director:                   Mr Bob van Dijk
Transaction date:                     8 September 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 8 September
                                      2017 : R2 863,84
Number of shares:                     51 728 Naspers shares
Value:                                R148 140 715,50
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC (previously MIH (Mauritius))
                                      employee share incentive scheme to Mr Bob van
                                      Dijk. The offer of an option to purchase shares was
                                      made at market value on 8 September 2017 at
                                      R2 863,84, being the closing price on the JSE
                                      Limited on that day. The offer was accepted on 26
                                      September 2017. The first quarter of the options vest
                                      on 8 September 2018, the second quarter vests on 8
                                      September 2019, the third quarter vests on 8
                                      September 2020 and the final quarter vests on 8
                                      September 2021.

                                      Post this allocation the fair value of Mr Bob van
                                      Dijk’s share-based incentives are balanced
                                      approximately as follows:
                                      - 50% based on ecommerce ventures specifically
                                      - 50% based on the performance of Naspers as a
                                          whole

Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements



Company secretary:                    Mrs Gillian Kisbey-Green
Transaction date:                     28 August 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 28 August
                                      2017 : R2 948,00
Number of shares:                     1 989 Naspers shares
Value:                                R5 863 572,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      Naspers Limited employee share incentive scheme to
                                      Mrs Gillian Kisbey-Green. The offer of an option to
                                      purchase shares was made at market value on 28
                                      August 2017 at R2 948,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 26 September 2017. The first quarter of the
                                      options vest on 28 August 2018, the second quarter
                                      vests on 28 August 2019, the third quarter vests on
                                      28 August 2020 and the final quarter vests on 28
                                      August 2021.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements


Company secretary of a major
subsidiary:                           Mrs Carmen Koopman
Transaction date:                     28 August 2017
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 28 August
                                      2017 : R2 948,00
Number of shares:                     633 Naspers shares
Value:                                R1 866 084,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Holdings employee share incentive scheme to
                                      Mrs Carmen Koopman. The offer of an option to
                                      purchase shares was made at market value on 28
                                      August 2017 at R2 948,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 26 September 2017. The first quarter of the
                                      options vest on 28 August 2018, the second quarter
                                      vests on 28 August 2019, the third quarter vests on
                                      28 August 2020 and the final quarter vests on 28
                                      August 2021.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements


Cape Town
27 September 2017
Sponsor: Investec Bank Limited

Date: 27/09/2017 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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