DSY - Discovery Holdings Limited - Discovery exercise its call option to
DSY
DSY
DSY - Discovery Holdings Limited - Discovery exercise its call option to
repurchase shares from one of the BEE partners
DISCOVERY HOLDINGS LIMITED
(Registration number 1999/007789/06)
(Incorporated in the Republic of South Africa)
ISIN: ZAE000022331
JSE share code: DSY
("Discovery")
DISCOVERY EXERCISE ITS CALL OPTION TO REPURCHASE SHARES FROM ONE OF THE BEE
PARTNERS
Shareholders are referred to the circular to shareholders, dated 15 November
2005, relating to the Black Economic Empowerment ("BEE") transaction which
required Discovery to exercise its call option to repurchase a number of
ordinary shares calculated based on an agreed formula, after expiry of the
lock-up period. Shareholders are accordingly advised that Discovery has
acquired and cancelled 80 790 ordinary shares from one of Discovery`s directors,
Sindiswa Zilwa, through her investment vehicle, Newshelf 801 (Proprietary)
Limited as one of Discovery`s BEE partners:
Date of transaction : 9 December 2010
Number of shares : 80 790
Purchase price : R0.001 per share
Transaction value : R80,79
Nature of interest : Indirect beneficial
Transaction completed : Off market
Clearance obtained : Yes
Sandton
10 December 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/12/2010 09:08:03 Produced by the JSE SENS Department.
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