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NASPERS LIMITED - Directors Dealing

Release Date: 15/01/2020 17:45
Code(s): NPN     PDF:  
Wrap Text
Directors 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’)

DIRECTORS DEALING

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


Director:                         Mr Bob van Dijk
Company:                          Naspers Limited

Transaction date:                 14 January 2020
Nature of transaction:            on market sale of securities
Class of shares:                  414 932 N ordinary
Total value of transaction:       R995 836 800.00
Volume weighted average
price per share:                  R2 400.00
Highest price per share:          R2 400.00
Lowest price per share:           R2 400.00
Date of vesting in the group
share-based incentive plan:       Share appreciation rights vested in five tranches in the
                                  share appreciation rights plan. The first tranche of
                                  1 493 226 appreciation rights vested on 12 September
                                  2015; the second tranche of 1 493 226 appreciation
                                  rights vested on 12 September 2016; the remaining
                                  tranches were not included in this transaction.

Nature of transaction:            Bob van Dijk exercised share appreciation rights in the
                                  Naspers Global Ecommerce Share Appreciation Rights
                                  plan (vesting on dates as per above) and received
                                  414 932 Naspers N ordinary shares in settlement of the
                                  gain. He then sold 414 932 Naspers N ordinary shares.

                                  The Naspers Global ecommerce share appreciation
                                  rights plan reflects the value of Naspers’s main internet
                                  businesses excluding Tencent. For a participant to make
                                  a gain under the scheme rules, the valuation on the
                                  exercise date must be greater than the value on the
                                  grant date. Any gains accrued are settled in Naspers
                                  shares. Further details of the scheme and its operation
                                  can be found in the Naspers Remuneration Report FY19
                                  on www.naspers.com.

                                  Bob van Dijk will reinvest most of the resulting funds
                                  back into the Naspers group in the form of bonds which
                                  he will buy on the open market. Bob van Dijk continues
                                  to exceed the CEO minimum shareholding requirement
                                  of 10X his salary.




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



Cape Town
15 January 2020


Sponsor: Investec Bank Limited




                                                                                     

Date: 15-01-2020 05:45:00
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