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NASPERS LIMITED - Dealings in Securities

Release Date: 03/07/2018 15:30
Code(s): NPN     PDF:  
Wrap Text
Dealings in Securities

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: US6315122092
(“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:-


Acting company secretary of a major
subsidiary:                           Rochelle Gabriels
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     786 Naspers shares
Value:                                R2 520 702,00
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
                                      Rochelle Gabriels. The offer of an option to
                                      purchase shares was made at market value on 25
                                      June 2018 at R3 207,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 2 July 2018. The first quarter of the options vest
                                      on 25 June 2019, the second quarter vests on 25 June
                                      2020, the third quarter vests on 25 June 2021 and the
                                      final quarter vests on 25 June 2022.
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:                           Imtiaz Patel
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     8 489 Naspers shares
Value:                                R27 224 223,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC employee share incentive
                                      scheme Imtiaz Patel. The offer of an option to
                                      purchase shares was made at market value on 25
                                      June 2018 at R3 207,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted

                                                                                          
                                      on 2 July 2018. The first quarter of the options vest
                                      on 25 June 2019, the second quarter vests on 25 June
                                      2020, the third quarter vests on 25 June 2021 and the
                                      final quarter vests on 25 June 2022.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements


Executive Director:                   Bob van Dijk
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     61 142 Naspers shares
Value:                                R196 082 394,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC employee share incentive
                                      scheme to Bob van Dijk. The offer of an option to
                                      purchase shares was made at market value on 25
                                      June 2018 at R3 207,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 2 July 2018. The first quarter of the options vest
                                      on 25 June 2019, the second quarter vests on 25 June
                                      2020, the third quarter vests on 25 June 2021 and the
                                      final quarter vests on 25 June 2022.

                                      Post this allocation and as at 31 March 2019 the fair
                                      value of Bob van Dijk’s share-based incentives will
                                      be balanced approximately as follows:
                                      - 50% based on the performance of the
                                          ecommerce segment 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:                           Uvashni Raman
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     1 101 Naspers shares
Value:                                R3 530 907,00
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
                                      Uvashni Raman. The offer of an option to purchase
                                      shares was made at market value on 25 June 2018 at
                                      R3 207,00, being the closing price on the JSE

                                                                                              
                                      Limited on that day. The offer was accepted on 2
                                      July 2018. The first quarter of the options vest on 25
                                      June 2019, the second quarter vests on 25 June 2020,
                                      the third quarter vests on 25 June 2021 and the final
                                      quarter vests on 25 June 2022.
Nature of interest:                   Direct Beneficial
Clearance:                            Clearance has been received in terms of paragraph
                                      3.66 of the JSE Listings Requirements


Executive Director:                   Basil Sgourdos
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     33 108 Naspers shares
Value:                                R106 177 356,00
Class of shares:                      N ordinary
Nature of transaction:                Offer of an option to purchase shares made by the
                                      MIH Services FZ LLC employee share incentive
                                      scheme to Basil Sgourdos. The offer of an option to
                                      purchase shares was made at market value on 25
                                      June 2018 at R3 207,00, being the closing price on
                                      the JSE Limited on that day. The offer was accepted
                                      on 2 July 2018. The first quarter of the options vest
                                      on 25 June 2019, the second quarter vests on 25 June
                                      2020, the third quarter vests on 25 June 2021 and the
                                      final quarter vests on 25 June 2022.

                                      Post this allocation and as at 31 March 2019 the fair
                                      value of Basil Sgourdos’s share-based incentives will
                                      be balanced approximately as follows:
                                      - 50% based on the performance of the
                                          ecommerce segment 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:                    Gillian Kisbey-Green
Transaction date:                     25 June 2018
On/off market:                        Off market
Price at which shares were offered:   Closing price on the JSE Limited on 25 June 2018 :
                                      R3 207,00
Number of shares:                     4 245 Naspers shares
Value:                                R13 613 715,00
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
                                      Gillian Kisbey-Green. The offer of an option to
                                      purchase shares was made at market value on 25
                                      June 2018 at R3 207,00, being the closing price on

                                                                                          
                                 the JSE Limited on that day. The offer was accepted
                                 on 2 July 2018. The first quarter of the options vest
                                 on 25 June 2019, the second quarter vests on 25 June
                                 2020, the third quarter vests on 25 June 2021 and the
                                 final quarter vests on 25 June 2022.
Nature of interest:              Direct Beneficial
Clearance:                       Clearance has been received in terms of paragraph
                                 3.66 of the JSE Listings Requirements




Cape Town
3 July 2018
Sponsor: Investec Bank Limited




                                                                                    

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