Discovery Holdings Limited - Dealing In Securities
DSY
DSY
Discovery Holdings Limited - Dealing In Securities By A Director
Discovery Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number : 1999/007789/06)
Share Code : DSY
ISIN : ZAE000022331
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of Stewart Whyte, a director of Discovery
Holdings Limited:
Class of security : Ordinary Shares
Nature of transaction : Sale
Date of transaction : 2 May 2006
Number of shares : 350 000
Selling price : 1976 cents per share
Total value of transaction : R 6 916 000
Nature and extent of
director"s interest : Direct Beneficial
Clearance obtained : Yes
As disclosed in a SENS announcement on 4 November 2004, Mr. Stewart Whyte
entered into a hedge over his shares. The hedge comprised put and call options
(an option collar) and expired on 2 May 2006. The above sale forms part of the
unwinding of the above hedge transaction.
Sandton
3 May 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/05/2006 11:17:34 AM Produced by the JSE SENS Department
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