DSY - Discovery Holdings - Repurchase of Shares in Terms Of BEE Agreement
DSY
DSY
DSY - Discovery Holdings - Repurchase of Shares in Terms Of BEE Agreement
between Former Director and Discovery
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000022331
Share Code: DSY
("Discovery")
REPURCHASE OF SHARES IN TERMS OF BEE AGREEMENT BETWEEN FORMER DIRECTOR AND
DISCOVERY
Shareholders are referred to the circular dated 15 November 2005, relating to
the Black Economic Empowerment ("BEE") transaction. Shareholders are also
referred to the announcement on 1 December 2008 of the resignation of Judy
Dlamini from the Board of Discovery. Following Judy Dlamini`s resignation as a
director and in terms of the BEE agreement, Discovery Health (Pty) Limited has
repurchased 171 096 shares from Judy for a consideration of R171.09, which
shares will be held now as treasury shares. Judy Dlamini through her investment
vehicle, Newshelf 799(Proprietary) Limited retains the balance of the 200 000
shares originally issued in terms of the BEE agreement.
Sandton
15 April 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/04/2009 14:07:01 Produced by the JSE SENS Department.
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