DISCOVERY LIMITED - Dealings in securities by a director of the company
DSY 201709210005A
Dealings in securities by a director of the company
Discovery Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06
Share code: DSY
ISIN: ZAE000022331
(“Discovery” or “Company”)
DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Shareholders are reminded of the hedging transaction Mr. Koopowitz
entered into over a portion of his holdings in Discovery shares,
which was announced on the Stock Exchange News Service (“SENS”) on
21 September 2015.
Director : Neville Koopowitz
Date of transaction : 17 September 2015
Class of shares : Options over Discovery ordinary
shares
Nature of interest : Indirect beneficial
Nature of transaction : Zero-cost collar options
Number of options : 200,000
Clearance obtained : Yes
Number of Expiry Duration Reference Put Put Call Call
Options price Strike Value Strike Value
(%)* (%)*
200,000 16-Sep-17 24 months R137.64 75.00 R103.23 145.60 R200.40
*Percentage of spot reference price
Shareholders are now advised that the above zero cost collar was
settled by the counterparty, with no discretion exercised by Mr
Koopowitz, as follows:
Date of transaction : 18 September 2017
Class of shares : Discovery ordinary shares
Nature of interest : Direct beneficial
Nature of transaction : On-market sale of shares
Number of shares : 140,760
Volume weighted average : R146.67672
selling price
Highest traded price : R147.40
Lowest traded price : R145.50
Total value of transaction : R20,646,215.11
Clearance obtained : Yes
Sandton
21 September 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/09/2017 09:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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