(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’)
In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following
information is disclosed:-
Amended for additional disclosure: Exercised 43 490 Naspers options and the full net gain after tax
on the disposal of 11 007 Naspers N ordinary shares was reinvested in Naspers N ordinary shares
resulting in the acquisition of 32 483 Naspers N ordinary shares.
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
3 August 2018
Sponsor: Investec Bank Limited
Date: 03/08/2018 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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