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Director/PDMR Shareholding

9 Sep 2013 16:00

RNS Number : 5387N
Naspers Limited
09 September 2013
 



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')

 

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

 

Director: Mr S J Z Pacak

Company: Naspers Limited

Transaction date: 5 September 2013

Nature of transaction: on market sale

Number of shares: 10 000 Naspers shares

Class of shares: N ordinary

Total value of transaction: R8 870 365,05

Average price per share: R887,036505

Highest price per share: R889,00

Lowest price per share: R883,50

 

 

Nature of transaction: Off market purchase of securities

Number of shares: 90 000 Naspers shares

Class of shares: N ordinary

Total value of transaction: R4 500 000,00

Price per share: R50,00

Date of vesting in the group

share-based incentive plan: On 9 September 2004 an offer of 100 000 N ordinary shares in the Naspers Share Incentive Trust (the Trust) was made and accepted. 33 333 shares vested by 9 September 2007, 33 333 shares vested by 9 September 2008 and 33 334 shares vested by 9 September 2009. In terms of the rules of the Trust the delivery of shares acquired may not be taken later than the tenth anniversary of the offer date.

 

Accordingly, on 5 September 2013 a total of 90 000 Naspers N ordinary shares were delivered to Mr Pacak's family trust upon payment of the amount of R5 000 000,00 (being the listed market value on the date of the offer). The proceeds of the sale of 10 000 shares was used to settle the amount due to the Naspers Share Incentive Trust.

Nature of transaction: Sale of some and delivery of the remaining vested shares held in the Naspers Share Incentive Trust by Mr Pacak's family trust.

Nature of interest: Indirect beneficial

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

 

Cape Town

9 September 2013

Sponsor: Investec Bank Limited

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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