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DSY
DSY
DSY - Discovery Holdings Limited - Director`s Dealings
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery")
DIRECTOR`S DEALINGS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Mr. John Robertson
Company : Discovery Holdings Limited
Date of transaction : 20 October 2008
Nature of transaction : Sale of Discovery ordinary shares
by Newshelf 723 (Pty) Limited
Number of shares : 145 314
Selling price : 2274.31 cents per share
Total value of transaction : R3 304 890.83
Nature of interest : Indirect beneficial
Mr. Robertson held an indirect beneficial interest in these shares by
virtue of his direct as well as indirect shareholding (through the
Russel Trust) in Newshelf 723 (Pty) Limited. Newshelf 723 (Pty) Limited
is being wound-up and as a result the transaction below has been
recorded :-
Date of transaction : 21 October 2008
Nature of transaction : Dividend in specie of Discovery
ordinary shares to be paid by
Newshelf 723 (Pty) Limited
Number of shares : 1 016 416
Dividend amount : 2250 cents per share
Total value of transaction : R22 869 360.00
Nature of interest : Indirect beneficial partly
becoming direct beneficial
Clearance obtained : Yes
The dividend in specie to be paid by Newshelf 723 (Pty) Limited will result in
31 098 shares of the 1 016 416 indirect beneficial shares currently held by
Newshelf 723 (Pty) Ltd becoming a direct beneficial interest.
Sandton
22 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/10/2008 12:07:11 Produced by the JSE SENS Department.
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