DISCOVERY LIMITED - Disclosure of acquisition and disposal of Discovery securities

Release Date: 03/07/2018 10:30
Code(s): DSY DSBP
 
Wrap Text
Disclosure of acquisition and disposal of Discovery securities

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Ordinary share code: DSY and ISIN ZAE000022331
Preference share code: DSBP and ISIN: ZAE000158564
JSE bond company code: DSYI
(“Discovery” or “the Company”)

DISCLOSURE OF ACQUISITION AND DISPOSAL OF DISCOVERY SECURITIES

Shareholders are referred to the announcement released by Rand
Merchant Investment Holdings Limited (“RMI”) on the Stock
Exchange News Service, simultaneously with this announcement.

In accordance with section 122(3)(b) of the Companies Act, 71 of
2008 (“the Act”) and paragraph 3.83(b) of the JSE Limited
Listings Requirements, shareholders are advised as follows:

  -   RMI has, on 29 June 2018, notified the Company that it has
      decreased its beneficial interest in the Company from 25.036%
      to 0% in terms of an internal group restructure; and

  -   RMI Asset Holdings Proprietary Limited, a wholly-owned
      subsidiary of RMI has, on 29 June 2018, notified the Company
      that it has acquired a 25.036% beneficial interest in the
      Company from RMI.


As required in terms of section 122(3)(a) of the Act, Discovery
has filed the required notices with the Takeover Regulation
Panel.

Sandton
3 July 2018

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

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