9 Feb 2018 15:00
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: 7 February 2018
Nature of transaction: on market sale of securities
Number of shares: 185 000 Naspers shares
Class of shares: N ordinary
Total value of transaction: R560 491 003,50
Volume weighted average
price per share: R3 029,6811
Highest price per share: R3 077,24
Lowest price per share: R3 012,86
Nature of transaction: off market purchase of securities
Number of shares: 300 000 Naspers shares
Class of shares: N ordinary
Total value of transaction: R41 028 950,84
Price per share: R136,7632
Date of vesting in the group
share-based incentive plan: The trades relate to an offer of Naspers N ordinary share options made and accepted on 12 March 2008 in the MIH Services FZ LLC Share Trust (the Trust). The options vested in three equal tranches. The first tranche, 100 000 share options, vested on 12 March 2011, the second tranche, 100 000 share options vested on 12 March 2012 and the final tranche, 100 000 share options, vested on 12 March 2013. In terms of the rules of the Trust the exercise of options and delivery of shares acquired may not be taken later than the tenth anniversary of the offer date.
On 7 February 2018 a total of 185 000 Naspers N ordinary shares were sold by the Pacak Family Trust and 300 000 Naspers N ordinary shares will be delivered to Mr Pacak upon payment of the amount of R41 028 950,84 (being the listed market value on the date of the offer) from the proceeds of the sale of the 185 000 Naspers N ordinary shares (distributed to Mr Pacak by the Pacak Family Trust), to settle the amount due to the MIH Services FZ LLC Share Trust.
Nature of transaction: Sale of 185 000 Naspers N ordinary shares from the Pacak Family Trust and delivery of 300 000 vested Naspers N ordinary shares held in the MIH Services FZ LLC Share Trust by Mr Pacak.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Cape Town
9 February 2018
Sponsor: Investec Bank Limited