To view the PDF file, sign up for a MySharenet subscription.

NASPERS LIMITED - Directors Dealings

Release Date: 21/09/2018 17:30
Code(s): NPN     PDF:  
Wrap Text
Directors Dealings

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’)

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


Director:                            Mr Mark Sorour
Company:                             Naspers Limited
Transaction date:                    19 September 2018
Nature of transaction:               Off market purchase and on market sale of securities: Mark
                                     Sorour exercised share appreciation rights in the Flipkart
                                     Private Limited share appreciation rights plan (vesting on
                                     dates as per above) and received 2 279 Naspers N ordinary
                                     shares in settlement of the gain. He then sold 1 034 Naspers
                                     N ordinary shares just to cover the tax on the exercise of the
                                     12 009 share appreciation rights. The balance of 1 245
                                     Naspers N ordinary shares was delivered to Mark Sorour.
Class of shares:                     1 034 N ordinary
Total value of transaction:          R3 291 811.38
Volume weighted average
price per share:                     R3 183.57
Highest price per share:             R3 183.57
Lowest price per share:              R3 183.57
Date of vesting in the group
share-based incentive plan:          Share appreciation rights vest in five tranches in the Flipkart
                                     Private Limited share appreciation rights plan.

                                     Offer dated 10 September 2014:
                                     The first tranche of 617 appreciation rights vested on 10
                                     September 2015; the second tranche of 617 appreciation
                                     rights vested on 10 September 2016; the third tranche of 617
                                     appreciation rights vested on 10 September 2017; due to
                                     Naspers’s disposal of its entire 11.18% stake in Indian
                                     ecommerce company Flipkart Online Services Pvt. Ltd (the
                                     “Flipkart” transaction), the fourth and fifth tranches of 617
                                     and 618 appreciation rights, respectively, vested on 7
                                     September 2018.

                                     Offer dated 11 September 2015:
                                     The first tranche of 942 appreciation rights vested on 11
                                     September 2016; the second tranche of 942 appreciation
                                     rights vested on 11 September 2017; due to Naspers’s
                                     disposal of its entire 11.18% stake in Indian ecommerce
                                     company Flipkart Online Services Pvt. Ltd (the “Flipkart”
                                     transaction), the third, fourth and fifth tranches of 942, 942
                                                                                                      
                                     and 946 appreciation rights, respectively, vested on 7
                                     September 2018.

                                     Offer dated 30 August 2016:
                                     The first tranche of 841 appreciation rights vested on 30
                                     August 2017; the second tranche of 841 appreciation rights
                                     vested on 30 August 2018; due to Naspers’s disposal of its
                                     entire 11.18% stake in Indian ecommerce company Flipkart
                                     Online Services Pvt. Ltd (the “Flipkart” transaction), the third,
                                     fourth and fifth tranches of 841, 841 and 845 appreciation
                                     rights, respectively, vested on 7 September 2018.

                                     Mark Sorour had a defined period in which to exercise the
                                     share appreciation rights, failing which they would have
                                     lapsed.

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


Cape Town
21 September 2018
Sponsor: Investec Bank Limited




                                                                                                

Date: 21/09/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story