27 Sep 2017 16:55
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
("Naspers" or "the company")
DEALINGS IN SECURITIES
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the following information is disclosed:-
Executive director: Mr Mark Sorour
Transaction date: 28 August 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 28 August 2017 : R2 948,00
Number of shares: 11 049 Naspers shares
Value: R32 572 452,00
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Mr Mark Sorour. The offer of an option to purchase shares was made at market value on 28 August 2017 at R2 948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Executive Director: Mr Basil Sgourdos
Transaction date: 8 September 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 8 September 2017 : R2 863,84
Number of shares: 5 776 Naspers shares
Value: R16 541 539,84
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the MIH Services FZ LLC (previously MIH (Mauritius)) employee share incentive scheme to Mr Basil Sgourdos. The offer of an option to purchase shares was made at market value on 8 September 2017 at R2 863,84, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 8 September 2018, the second quarter vests on 8 September 2019, the third quarter vests on 8 September 2020 and the final quarter vests on 8 September 2021.
Post this allocation the fair value of Mr Basil Sgourdos's share-based incentives are balanced approximately as follows:
· 50% based on ecommerce ventures specifically
· 50% based on the performance of Naspers as a whole
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Executive director of a major
subsidiary: Ms Uvashni Raman
Transaction date: 28 August 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 28 August 2017 : R2 948,00
Number of shares: 4 199 Naspers shares
Value: R12 378 652,00
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Ms Uvashni Raman. The offer of an option to purchase shares was made at market value on 28 August 2017 at R2 948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Executive Director: Mr Bob van Dijk
Transaction date: 8 September 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 8 September 2017 : R2 863,84
Number of shares: 51 728 Naspers shares
Value: R148 140 715,50
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the MIH Services FZ LLC (previously MIH (Mauritius)) employee share incentive scheme to Mr Bob van Dijk. The offer of an option to purchase shares was made at market value on 8 September 2017 at R2 863,84, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 8 September 2018, the second quarter vests on 8 September 2019, the third quarter vests on 8 September 2020 and the final quarter vests on 8 September 2021.
Post this allocation the fair value of Mr Bob van Dijk's share-based incentives are balanced approximately as follows:
· 50% based on ecommerce ventures specifically
· 50% based on the performance of Naspers as a whole
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Company secretary: Mrs Gillian Kisbey-Green
Transaction date: 28 August 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 28 August 2017 : R2 948,00
Number of shares: 1 989 Naspers shares
Value: R5 863 572,00
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the Naspers Limited employee share incentive scheme to Mrs Gillian Kisbey-Green. The offer of an option to purchase shares was made at market value on 28 August 2017 at R2 948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Company secretary of a major
subsidiary: Mrs Carmen Koopman
Transaction date: 28 August 2017
On/off market: Off market
Price at which shares were offered: Closing price on the JSE Limited on 28 August 2017 : R2 948,00
Number of shares: 633 Naspers shares
Value: R1 866 084,00
Class of shares: N ordinary
Nature of transaction: Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Mrs Carmen Koopman. The offer of an option to purchase shares was made at market value on 28 August 2017 at R2 948,00, being the closing price on the JSE Limited on that day. The offer was accepted on 26 September 2017. The first quarter of the options vest on 28 August 2018, the second quarter vests on 28 August 2019, the third quarter vests on 28 August 2020 and the final quarter vests on 28 August 2021.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements
Cape Town
27 September 2017
Sponsor: Investec Bank Limited