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NPN : Directors Dealing:
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')
DIRECTORS DEALING
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed:-
Director: Mr Bob van Dijk
Company: Naspers Limited
Transaction date: 14 January 2020
Nature of transaction: on market sale of securities
Class of shares: 414 932 N ordinary
Total value of transaction: R995 836 800.00
Volume weighted average
price per share: R2 400.00
Highest price per share: R2 400.00
Lowest price per share: R2 400.00
Date of vesting in the group
share-based incentive plan: Share appreciation rights vested in five tranches in the
share appreciation rights plan. The first tranche of
1 493 226 appreciation rights vested on 12 September
2015; the second tranche of 1 493 226 appreciation
rights vested on 12 September 2016; the remaining
tranches were not included in this transaction.
Nature of transaction: Bob van Dijk exercised share appreciation rights in the
Naspers Global Ecommerce Share Appreciation Rights
plan (vesting on dates as per above) and received
414 932 Naspers N ordinary shares in settlement of the
gain. He then sold 414 932 Naspers N ordinary shares.
The Naspers Global ecommerce share appreciation
rights plan reflects the value of Naspers's main internet
businesses excluding Tencent. For a participant to make
a gain under the scheme rules, the valuation on the
exercise date must be greater than the value on the
grant date. Any gains accrued are settled in Naspers
shares. Further details of the scheme and its operation
can be found in the Naspers Remuneration Report FY19
on www.naspers.com.
Bob van Dijk will reinvest most of the resulting funds
back into the Naspers group in the form of bonds which
he will buy on the open market. Bob van Dijk continues
to exceed the CEO minimum shareholding requirement
of 10X his salary.
Nature of interest: Direct Beneficial
Clearance: Clearance has been received in terms of paragraph 3.66
of the JSE Listings Requirements
Cape Town
15 January 2020
Sponsor: Investec Bank Limited
Date: 15-01-2020 05:45:00
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