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NASPERS LIMITED - Dealings in securities

Release Date: 16/07/2021 17:50
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:                  15 July 2021
On/off market:                     Off market
Price at which share options
were offered:                      Closing price on the JSE Limited on 13
                                   July 2021: R2 819.37
Number of shares:                  9 264 Naspers N ordinary share options
Value:                             R10 843 929 (approximately US$742 056).
                                   Value is determined as being fair value of the
                                   award on  grant date determined in
                                   accordance with International   Financial
                                   Reporting Standards 2 – Share-based
                                   Payment, and as disclosed in the
                                   remuneration     report     included   in   the
                                   company’s 31 March 2021 integrated annual
                                   report.
Class of shares:                   N ordinary
Nature of transaction:             Offer of an option to purchase shares made by
                                   the MIH Internet Holdings B.V. employee
                                   share incentive scheme to Bob van Dijk. The
                                   offer of an option to purchase shares was
                                   made at market value on 13 July 2021 at
                                   R2 819.37, being the closing price on the JSE
                                   Limited on that day. The offer was accepted
                                   on 15 July 2021. The first quarter of the
                                   options vest on 13 July 2022, the second
                                   quarter vests on 13 July 2023, the third
                                   quarter vests on 13 July 2024 and the final
                                   quarter vests on 13 July 2025.

Price at which PSUs were offered: R0
Number of shares:                 27 796 Naspers performance stock units
Grant value:                      R84 501 139 (approximately US$5 936 445).
Class of shares:                  N ordinary
Nature of transaction:            Offer of performance share units (PSUs) by
                                  the Naspers Restricted Stock Plan Trust to
                                  Bob van Dijk. The offer of PSUs was made on
                                  21 June 2021. Vesting of PSUs, and the exact
                                  quantum      thereof, is   subject    to   the
                                  achievement of performance conditions set
                                  out in the remuneration report included in the
                                  integrated annual report on page 116. The                                                                                 
                                  offer was accepted on 15 July 2021. The
                                  options are expected to vest on or about
                                  21 June 2024.

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:                 15 July 2021
On/off market:                    Off market
Price at which share options
were offered:                     Closing price on the JSE Limited on 13 July
                                  2021: R2 819.37
Number of shares:                 5 489 Naspers N ordinary share options
Value:                            R6 425 944 (approximately US$439 731)
                                  Value is determined as being fair value of the
                                  award    on    grant    date    determined    in
                                  accordance     with    International   Financial
                                  Reporting Standards 2 – Share-based
                                  Payment,     and     as    disclosed   in   the
                                  remuneration report of the company’s
                                  31 March 2021 integrated annual report.

Class of shares:                  N ordinary
Nature of transaction:            Offer of an option to purchase shares made by
                                  the MIH Internet Holdings B.V. employee
                                  share incentive scheme to Basil Sgourdos.
                                  The offer of an option to purchase shares was
                                  made at market value on 13 July 2021 at
                                  R2 819.37, being the closing price on the JSE
                                  Limited on that day. The offer was accepted
                                  on 15 July 2021. The first quarter of the
                                  options vest on 13 July 2022, the second
                                  quarter vests on 13 July 2023, the third
                                  quarter vests on 13 July 2024 and the final
                                  quarter vests on 13 July 2025.

Price at which PSUs were offered: R0
Number of shares:                 16 472 Naspers performance stock units
Grant value:                      R50 074 061 (approximately US$3 517 845)
Class of shares:                  N ordinary
Nature of transaction:            Offer of performance share units (PSUs) by
                                  the Naspers Restricted Stock Plan Trust to
                                  Basil Sgourdos. The offer of PSUs was made
                                  on 21 June 2021. Vesting of PSUs, and the
                                  exact quantum thereof, is subject to the
                                  achievement of performance conditions set
                                  out in the remuneration report included in the
                                  integrated annual report on page 116. The
                                  offer was accepted on 15 July 2021. The
                                  options are expected to vest on or about
                                  21 June 2024.

Nature of interest:               Direct Beneficial

                                                                                
Clearance:                     Clearance has been received in terms of
                               paragraph   3.66 of   the  JSE   Listings
                               Requirements

Company secretary:             Lynelle Bagwandeen
Transaction date:              15 July 2021
On/off market:                 Off market
Price at which share options
were offered:                  Closing price on the JSE Limited on 13 July
                               2021: R2 819.37
Number of shares:              1 248 Naspers N ordinary share options
Value:                         R1 461 336 (approximately US$100 000)
                               Value is determined as being fair value of the
                               award on grant date determined in
                               accordance with International   Financial
                               Reporting Standards 2 – Share-based
                               Payment.
Class of shares:               N ordinary
Nature of transaction:         Offer of an option to purchase shares made by
                               the MIH Holdings employee share incentive
                               scheme to Lynelle Bagwandeen. The offer of
                               an option to purchase shares was made at
                               market value on 13 July 2021 at R2 819.37,
                               being the closing price on the JSE Limited on
                               that day. The offer was accepted on 15 July
                               2021. The first quarter of the options vest on
                               13 July 2022, the second quarter vests on 13
                               July 2023, the third quarter vests on 13 July
                               2024 and the final quarter vests on 13 July
                               2025.


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


Company secretary
of a major subsidiary:         Gillian Kisbey-Green
Transaction date:              16 July 2021
On/off market:                 Off market
Price at which share options
were offered:                  Closing price on the JSE Limited on 13 July
                               2021: R2 819.37
Number of shares:              2 809 Naspers N ordinary share options
Value:                         R3 288 007.00 (approximately US$ 225 000)
                               Value is determined as being fair value of the
                               award on grant date determined in
                               accordance with International Financial
                               Reporting Standards 2 – Share-based
                               Payment.
Class of shares:               N ordinary
Nature of transaction:         Offer of an option to purchase shares made by
                               the MIH Internet Holdings B.V. employee
                               share incentive scheme to Gillian Kisbey-
                               Green. The offer of an option to purchase                                                                             
                               shares was made at market value on 13 July
                               2021 at R2 819.37, being the closing price on
                               the JSE Limited on that day. The offer was
                               accepted on 16 July 2021. The first quarter of
                               the options vest on 13 July 2022, the second
                               quarter vests on 13 July 2023, the third
                               quarter vests on 13 July 2024 and the final
                               quarter vests on 13 July 2025.

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



Cape Town
16 July 2021
Sponsor: Investec Bank Limited




                                                                             

Date: 16-07-2021 05:50:00
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