15 Feb 2018 15:09
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 of a major
subsidiary: Mr J J Volkwyn
Major subsidiary: MultiChoice South Africa Holdings (Proprietary)
Limited
Transaction date: 13 February 2018
Nature of transaction: on market sale of securities
Number of shares: 14 429 Naspers shares
Class of shares: N ordinary
Total value of transaction: R44 741 700,15
Volume weighted average
price per share: R3 100,81781
Highest price per share: R3 103,80
Lowest price per share: R3 100,35
Nature of transaction: off market purchase of securities
Number of shares: 15 000 Naspers shares
Class of shares: N ordinary
Total value of transaction: R2 051 449,30
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 Holdings Share Trust (the Trust). The options vested in vested on 12 March 2012 (5 618 share options) and on 12 March 2013 (23 811 share options). 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 13 February 2018 a total of 14 429 Naspers N ordinary shares were sold and 15 000 Naspers N ordinary shares will be delivered to Mr Volkwyn upon payment of the amount of R4 024 806,77 (being the listed market value on the date of the offer for both the 14 429 and 15 000 share options) from the proceeds of the sale of the 14 429 Naspers N ordinary shares, to settle the amount due to the MIH Holdings Share Trust.
Nature of transaction: Sale of 14 429 Naspers N ordinary shares and delivery of 15 000 vested Naspers N ordinary shares held in the MIH Holdings Share Trust by Mr Volkwyn.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Cape Town
15 February 2018
Sponsor: Investec Bank Limited