NASPERS LIMITED - Directors Dealing

Release Date: 02/08/2018 17:50
Code(s): NPN
 
Wrap Text
Director’s Dealing

NASPERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
Share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
(‘Naspers’ or ‘the company’)

Director’s Dealing

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

Director:                           Mr V Sgourdos
Company:                            Naspers Limited
Transaction date:                   1 August 2018
Nature of transaction:              on market sale of securities
Number of shares:                   11 007 Naspers shares
Class of shares:                    N ordinary
Total value of transaction:         R35 828 955.60
Volume weighted average
price per share:                    R3 255.11
Highest price per share:            R3 258.60
Lowest price per share:             R3 254.00

Nature of transaction:              off market purchase of securities
Number of shares:                   32 483 Naspers shares
Class of shares:                    N ordinary
Total value of transaction:         R106 191 474.62
Price per share:                    R3 269.14

Date of vesting in the group
share-based incentive plan:         The trades relate to an offer of Naspers N ordinary share
                                    options made and accepted on 19 September 2011 in the MIH
                                    Services FZ LLC Share Trust (the Trust). The options vested
                                    in three tranches. The first tranche, 7 081 share options, vested
                                    on 19 September 2014, the second tranche, 7 081 share
                                    options vested on 19 September 2015 and the final tranche, 7
                                    082 share options, vested on 19 September 2016.

                                    An offer of Naspers N ordinary share options made and
                                    accepted on 2 July 2012 in the MIH Services FZ LLC Share
                                    Trust (the Trust). The options vested in three tranches of
                                    which two tranches were exercised. The first tranche, 11 123
                                    share options, vested on 2 July 2015 and the second tranche,
                                    11 123 share options vested on 2 July 2016.

                                    On 1 August 2018 a total of 11 007 Naspers N ordinary shares
                                    were sold by Mr Sgourdos and 32 483 Naspers N ordinary
                                    shares will be delivered to Mr Sgourdos upon payment of the
                                    amount of R17 061 494.12 (being the listed market value on
                                    the date of the offer) from the proceeds of the sale of the
                                    11 007 Naspers N ordinary shares (distributed to

                                                                                                   
                                 Mr Sgourdos), to settle the amount due to the MIH Services
                                 FZ LLC Share Trust.

Nature of transaction:           Sale of 11 007 vested Naspers N ordinary shares from MIH
                                 Services FZ LLC Share Trust and delivery of 32 483 vested
                                 Naspers N ordinary shares held in the MIH Services FZ LLC
                                 Share Trust by Mr Sgourdos.

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



Cape Town
2 August 2018
Sponsor: Investec Bank Limited




                                                                                            

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