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NASPERS LIMITED - Dealings in securities

Release Date: 24/07/2019 17:30
Code(s): NPN     PDF:  
Wrap Text
Dealings in securities

Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US6315122092
(“Naspers” or “the company”)


DEALINGS IN SECURITIES


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


Executive Director:                   Bob van Dijk
Transaction date:                     23 July 2019
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 16 July 2019:
                                      R3 494,00
Number of shares:                     15 835 Naspers shares
Value:                                R55 327 490
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC employee share incentive
                                      scheme to Bob van Dijk. The offer of an option to
                                      purchase shares was made at market value on 16 July
                                      2019 at R3 494,00, being the closing price on the
                                      JSE Limited on that day. The offer was accepted on
                                      23 July 2019. The first quarter of the options vest on
                                      16 July 2020, the second quarter vests on 16 July
                                      2021, the third quarter vests on 16 July 2022 and the
                                      final quarter vests on 16 July 2023.

                                      Post this allocation and as at 31 March 2020 the fair
                                      value of Bob van Dijk’s share-based incentives will
                                      be balanced based on the performance of the
                                      ecommerce segment specifically (through share
                                      appreciation rights), the performance of Naspers
                                      as a whole (through Naspers share options), and
                                      through Naspers PSUs1
                                      Note:
                                      1       The award of performance share units (PSUs) is subject to
                                              shareholders approving the amendments to the Naspers
                                              Restricted Stock Trust deed at the annual general meeting on
                                              23 August 2019.

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




                                                                                                         
Executive Director:                   Basil Sgourdos
Transaction date:                     23 July 2019
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 16 July 2019:
                                      R3 494,00
Number of shares:                     8 211 Naspers shares
Value:                                R28 689 234.00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC employee share incentive
                                      scheme to Basil Sgourdos. The offer of an option to
                                      purchase shares was made at market value on 16 July
                                      2019 at R3 494,00, being the closing price on the
                                      JSE Limited on that day. The offer was accepted on
                                      23 July 2019. The first quarter of the options vest on
                                      16 July 2020, the second quarter vests on 16 July
                                      2021, the third quarter vests on 16 July 2022 and the
                                      final quarter vests on 16 July 2023.

                                      Post this allocation and as at 31 March 2020 the fair
                                      value of Basil Sgourdos’s share-based incentives will
                                      be balanced based on the performance of the
                                      ecommerce segment specifically (through share
                                      appreciation rights), the performance of Naspers
                                      as a whole (through Naspers share options), and
                                      through Naspers PSUs 1
                                      Note:
                                      1       The award of performance share units (PSUs) is subject to
                                              shareholders approving the amendments to the Naspers
                                              Restricted Stock Trust deed at the annual general meeting on
                                              23 August 2019.

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



Cape Town
24 July 2019
Sponsor: Investec Bank Limited




                                                                                                         

Date: 24/07/2019 05:30:00
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