9 Sep 2013 16:00
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