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

DISCOVERY LIMITED - Dealing in securities by a director

Release Date: 18/04/2019 07:05
Code(s): DSY DSBP DSY03 DSY01 DSY02 DSY04     PDF:  
 
Wrap Text
Dealing in securities by a director

DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
JSE share code: DSY, DSYBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond code: DSYI
(“Discovery”)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed.

Ms De Bruyn entered into a financing agreement with a
financial institution which consists of a loan agreement
securitized by a simultaneous collar hedge and equity lending
transaction:

Director                                   :    Sonja Emilia Ncumisa De Bruyn
Position                                   :    Non-Executive Director
Company                                    :    Discovery
Date of transaction                        :    12 April 2019
On/off market                              :    Off market
Class of securities                        :    Options over Discovery ordinary shares
Number of options                          :    64 000
Expiry date                                :    14 April 2020
Nature of transaction                      :    Zero-cost collar European options
Nature of interest                         :    Direct beneficial
Clearance obtained                         :    Yes

Number   Duration     Reference   Put      Put Value       Call     Call Value
of                    price       Strike                   Strike
Options                           (%)*                     (%)*
64,000   12 months    R143.00     100.00   R9,152,000.00   112.66   R10,310,643.20
* Percentage of spot reference price


Sandton
18 April 2019

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

Date: 18/04/2019 07:05:00 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.

Email this JSE Sens Item to a Friend.

Share This Story