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Directors Dealings
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 2018
Nature of transaction: Off market purchase and on market sale of securities: Mark
Sorour exercised share appreciation rights in the Flipkart
Private Limited share appreciation rights plan (vesting on
dates as per above) and received 2 279 Naspers N ordinary
shares in settlement of the gain. He then sold 1 034 Naspers
N ordinary shares just to cover the tax on the exercise of the
12 009 share appreciation rights. The balance of 1 245
Naspers N ordinary shares was delivered to Mark Sorour.
Class of shares: 1 034 N ordinary
Total value of transaction: R3 291 811.38
Volume weighted average
price per share: R3 183.57
Highest price per share: R3 183.57
Lowest price per share: R3 183.57
Date of vesting in the group
share-based incentive plan: Share appreciation rights vest in five tranches in the Flipkart
Private Limited share appreciation rights plan.
Offer dated 10 September 2014:
The first tranche of 617 appreciation rights vested on 10
September 2015; the second tranche of 617 appreciation
rights vested on 10 September 2016; the third tranche of 617
appreciation rights vested on 10 September 2017; due to
Naspers’s disposal of its entire 11.18% stake in Indian
ecommerce company Flipkart Online Services Pvt. Ltd (the
“Flipkart” transaction), the fourth and fifth tranches of 617
and 618 appreciation rights, respectively, vested on 7
September 2018.
Offer dated 11 September 2015:
The first tranche of 942 appreciation rights vested on 11
September 2016; the second tranche of 942 appreciation
rights vested on 11 September 2017; due to Naspers’s
disposal of its entire 11.18% stake in Indian ecommerce
company Flipkart Online Services Pvt. Ltd (the “Flipkart”
transaction), the third, fourth and fifth tranches of 942, 942
and 946 appreciation rights, respectively, vested on 7
September 2018.
Offer dated 30 August 2016:
The first tranche of 841 appreciation rights vested on 30
August 2017; the second tranche of 841 appreciation rights
vested on 30 August 2018; due to Naspers’s disposal of its
entire 11.18% stake in Indian ecommerce company Flipkart
Online Services Pvt. Ltd (the “Flipkart” transaction), the third,
fourth and fifth tranches of 841, 841 and 845 appreciation
rights, respectively, vested on 7 September 2018.
Mark Sorour had a defined period in which to exercise the
share appreciation rights, failing which they would have
lapsed.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66 of
the JSE Listings Requirements
Cape Town
21 September 2018
Sponsor: Investec Bank Limited
Date: 21/09/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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