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Directorate Change

1 Apr 2008 16:33

Naspers Limited01 April 2008 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: US 6315121003 REAPPOINTMENT OF JP BEKKER AS CHIEF EXECUTIVE DISCLOSURE IN COMPLIANCE WITH RULES 3.63 - 3.74 OF THE JSE LISTINGS REQUIREMENTS The Naspers board is pleased to announce the reappointment of Mr Koos Bekker aschief executive of the company for a fixed-term period of five years, commencingon 1 April 2008. Furthermore, the directors of the company resolved to,pursuant to the company's articles of association, appoint him as managingdirector. The employment contract was concluded on substantially the same terms andconditions as for the previous term. To create focus on building long-termshareholder value, no salary or bonus of any sort will be paid. No pension ormedical aid or car scheme of any type will apply. Upon termination of thecontract, no payments will be made. The sole benefit consists of an offer made on the day before assuming duty, i.e.on 31 March 2008, of an option in terms of the rules of the Naspers LimitedShare Trust to acquire 11 687 808 Naspers N ordinary shares, as before equal to3% of the company's outstanding shares. The purchase price was set at theclosing price of a Naspers N ordinary share on 31 March 2008, ie R141,00, butincreased by anticipated inflation over the course of the vesting periods of thethree tranches. Inflation expectations were calculated by the Bureau forEconomic Research of Stellenbosch University. The offer is divided into three tranches and vesting will taking place over afive-year period. The first tranche will vest at the end of year three at apurchase price per share of R167,23, the second a year later at a purchase priceper share of R176,11 and the last at the end of year five at a purchase priceper share of R185,56. Mr Bekker has accepted the offer. The nature of hisinterest is a direct, beneficial interest. Clearance has been received in terms of paragraph 3.66 of the JSE ListingsRequirements. Cape Town 1 April 2008 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
19th Dec 20193:05 pmRNSOffer Update
11th Dec 20198:30 amRNSOffer Update
10th Dec 20193:12 pmRNSUpdate on Increased Cash Offer
10th Dec 20193:00 pmRNSOffer Update
10th Dec 20197:00 amRNSOffer Update
9th Dec 20193:30 pmRNSOffer Update
9th Dec 20197:00 amRNSOffer Update
28th Nov 201912:56 pmRNSDirector/PDMR Shareholding
25th Nov 20191:00 pmRNSSTATEMENT REGARDING JUST EAT PLC CIRCULAR
22nd Nov 20191:00 pmRNSHalf-year Report
20th Nov 201910:30 amRNSSTATEMENT REGARDING TAKEAWAY.COM OFFER DOCUMENT
18th Nov 20191:30 pmRNSTrading Statement
11th Nov 20197:00 amRNSOffer Document Posted
22nd Oct 20199:38 amRNSCash offer for Just Eat by Prosus - Replacement
22nd Oct 20199:01 amRNSCash offer for Just East by Prosus
3rd Oct 20194:30 pmRNSDirector/PDMR Shareholding
3rd Oct 20198:33 amRNSAnnual information update
1st Oct 20194:30 pmRNSDirector/PDMR Shareholding
20th Sep 20194:30 pmRNSDirector/PDMR Shareholding
18th Sep 20194:30 pmRNSDirector/PDMR Shareholding
16th Sep 20199:45 amRNSRESULTS OF ELECTIONS UNDER CAPITALISATION ISSUE
12th Sep 20199:30 amRNSCASH VALUE FRACTIONAL ENTITLEMENTS NASPERS "N" ORD
11th Sep 20198:30 amRNSLISTING OF PROSUS N ORDINARY SHARES
10th Sep 20195:29 pmRNSDirector/PDMR Shareholding
5th Sep 20192:00 pmRNSCompletion share exchange transaction with Ctrip
29th Aug 20194:30 pmRNSDirector/PDMR Shareholding
27th Aug 20197:00 amRNSPUBLICATION OF THE PROSUS PROSPECTUS
23rd Aug 20193:00 pmRNSEGM results
23rd Aug 20193:00 pmRNSResult of AGM
16th Aug 20194:49 pmRNSDirector/PDMR Shareholding
25th Jul 20194:30 pmRNSDirector/PDMR Shareholding
24th Jul 20194:30 pmRNSDirector/PDMR Shareholding
19th Jul 201911:08 amRNSPosting of circular and notice of general meeting
19th Jul 201911:00 amRNSNotice of AGM
5th Jul 20194:30 pmRNSDirector/PDMR Shareholding
27th Jun 20194:30 pmRNSAcquisition of Naspers N shares
24th Jun 201912:30 pmRNSNo change statement
21st Jun 20192:00 pmRNSFinal Results
21st Jun 20191:45 pmRNSWITHDRAWAL OF NOTICE OF GENERAL MEETING
12th Jun 20194:30 pmRNSTrading Statement
29th May 20197:00 amRNSCapitalisation issue, posting circular, notice EGM
7th May 20197:00 amRNSDirectorate Change
26th Apr 201911:00 amRNSEXCHANGE OF SHARES IN MAKEMYTRIP FOR SHARES IN CTR
1st Apr 20194:45 pmRNSDirector/PDMR Shareholding
28th Mar 20193:45 pmRNSDirector/PDMR Shareholding
25th Mar 20197:00 amRNSLISTING OF INTERNATIONAL INTERNET ASSETS EURONEXT
4th Mar 20199:00 amRNSCompletion of the unbundling of MultiChoice Group
28th Feb 201910:36 amRNSCASH PROCEEDS FOR FRACTIONAL ENTITLEMENT A SHARES
28th Feb 201910:35 amRNSAPPORTIONMENT VALUE UNBUNDLING OF MULTICHOICE
26th Feb 20193:58 pmRNSDirectorate Change

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