Discovery - Dealing in securities and sale of shar
Discovery - Dealing in securities and sale of shares by a director
Discovery Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number : 1999/007789/06)
ISIN : ZAE000022331
Share Code : DSY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of Neville Koopowitz, a director of
Discovery Holdings Limited:
Class of security : Ordinary Shares
Nature of transaction : Sale
Date of transaction : 27 September 2005
Number of shares : 425 000
Selling price : 1850 cents per share
Total value of transaction : R 7,862,500.00
Nature and extent of
Director"s interest : Direct Beneficial
Clearance obtained : Yes
As disclosed in a SENS announcement on 28 September 2004, Mr. N. S. Koopowitz
entered into a hedge over his shares in order to secure finance to take
ownership and delivery of Discovery shares. The hedge comprised put and call
options (an option collar) and expired on 27 September 2005. The above sale
forms part of the unwinding of the above hedge transaction.
Sandton
29 September 2005
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/09/2005 03:12:39 PM Produced by the JSE SENS Department
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