| Wed 23 Nov 2022, 17:25 | | DISCOVERY LIMITED - Dealings in securities by a director |
|
Dealings in securities by a director
DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
JSE share code: DSY, DSYBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond company code: DSYI
("Discovery")
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings and paragraphs 6.42 to 6.53 of the JSE
Debt Listings Requirements, the following information is disclosed.
Shareholders and noteholders are referred to the announcement released on the JSE Stock Exchange News Service on
2 November 2018, with regard to Mr. Barry Swartzberg's hedging transactions entered into over a portion of his
shareholding in Discovery.
Shareholders and noteholders are now advised that Mr. Barry Swartzberg has further extended and amended the
existing hedging transactions, originally entered into on 29 October 2018, as stated below. These hedging transactions
are related to managing risk associated with funding arrangements entered into during previous rights offers and
various subscriptions for shares.
Director : Mr. Barry Swartzberg
Company : Discovery Limited
Office held : Chief Executive Officer: Vitality Global
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Date of transactions : 18 November 2022
Class of securities : Options over Discovery ordinary shares
On market / off market : Off market
Transaction 1
Nature of transaction : Purchase of cash-settled European put options with an
average strike price of R 104.10 per share
Exercise Dates : 31 October 2023 to 14 December 2023
Number of options : 2,800,000
Notional value of transaction in 2023 : R 291,480,000.00
Transaction 2
Nature of transaction : Purchase of cash-settled European put options with an
average strike price of R 104.10 per share
Exercise Dates : 30 April 2024 to 13 June 2024
Number of options : 2,800,000
Notional value of transaction in 2024 : R 291,480,000.00
Transaction 3
Nature of transaction : Sale of cash-settled European call options with an average
strike price of R 160.00 per share
Exercise Dates : 31 October 2023 to 14 December 2023
Number of options : 2,800,000
Notional value of transaction in 2023 : R 448,000,000.00
Transaction 4
Nature of transaction : Sale of cash-settled European call options with an average
strike price of R 165.00 per share
Exercise Dates : 30 April 2024 to 13 June 2024
Number of options : 2,800,000
Notional value of transaction in 2024 : R 462,000,000.00
Sandton
23 November 2022
Sponsor and Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23-11-2022 05:25:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
