DISCOVERY HOLDINGS LIMITED - DEALING IN SECURITIES AND DONATION BY DIRECTOR
DISCOVERY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number : 1999/007789/06)
ISIN: ZAE000022331
Share Code : DSY
In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed in respect of Barry Swartzberg, a director of
Discovery Holdings Limited:
Class of security : Ordinary Shares
Nature of transaction : Sale
Number of shares : 883 128
Date of transaction : 30 November 2004
Selling price : 1650 cents per share
Total value of transaction : R14 571 612.00
Nature and extent of
Director`s interest : Direct Beneficial
Clearance Obtained : Yes
Mr. Barry Swartzberg, Managing Director of Discovery Health held 23 343 874
ordinary shares. 5 990 740 of these were acquired through Discovery`s capital
raising exercise in 2003, funded by personal debt.
In order for Mr. Swartzberg to restructure his personal debt and settle the
interest to date and prior to the company entering into a closed period with
respect to its results for the half year ended 31 December 2004, Mr. Swartzberg
has sold 883 128 shares at 1650 cents each to FirstRand Limited, the major
shareholder of Discovery, in terms of existing reciprocal pre-emptive rights
held by FirstRand Limited in terms of a shareholders` agreement.
The above transaction constitutes approximately 3.78% of Mr. Swartzberg`s
holdings. He remains the holder of 22 460 746 ordinary shares.
Shareholders are referred to the announcement published by FirstRand on 1
December 2004 relating to the acquisition of additional Discovery shares.
Sandton
1 December 2004
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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