20 Sep 2019 16:30
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 Mark Sorour
Company: Naspers Limited
Transaction date: 19 September 2019
Nature of transaction: on market sale of securities
Class of shares: 9 237 N ordinary
Total value of transaction: R22 327 861.14
Volume weighted average
price per share: R2 417.22
Highest price per share: R2 417.22
Lowest price per share: R2 417.22
Date of vesting in the group
share-based incentive plan: Share appreciation rights vested in the MIH China/MIH TC 2008 share appreciation rights plan. The two tranches relating to this exercise vested as follows: the first tranche of 8 000 appreciation rights vested on 17 January 2018 and the second tranche of 8 000 appreciation rights vested on 17 January 2019.
Mark Sorour had a defined period in which to exercise the share appreciation rights, failing which they would lapse.
Nature of transaction: Mark Sorour exercised share appreciation rights in the MIH China/MIH TC 2008 share appreciation rights plan (vesting on dates as per above) and received 9 237 Naspers N ordinary shares in settlement of the gain. He then sold the 9 237 Naspers N ordinary shares.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Cape Town
20 September 2019
Sponsor: Investec Bank Limited