DSY: DISCOVERY LIMITED - Dealing in securities by a director 
DSY: DISCOVERY LIMITED - Dealing in securities by a director
Dealing in securities by a director
DISCOVERY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
JSE share code: DSY, DSYBP
DSY ISIN: ZAE000022331
DSBP ISIN: ZAE000158564
JSE bond code: DSYI
('Discovery')
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed.
Ms De Bruyn entered into a financing agreement with a
financial institution which consists of a loan agreement
securitized by a simultaneous collar hedge and equity lending
transaction:
Director                                   :    Sonja Emilia Ncumisa De Bruyn
Position                                   :    Non-Executive Director
Company                                    :    Discovery
Date of transaction                        :    12 April 2019
On/off market                              :    Off market
Class of securities                        :    Options over Discovery ordinary shares
Number of options                          :    64 000
Expiry date                                :    14 April 2020
Nature of transaction                      :    Zero-cost collar European options
Nature of interest                         :    Direct beneficial
Clearance obtained                         :    Yes
Number   Duration     Reference   Put      Put Value       Call     Call Value
of                    price       Strike                   Strike
Options                           (%)*                     (%)*
64,000   12 months    R143.00     100.00   R9,152,000.00   112.66   R10,310,643.20
* Percentage of spot reference price
Sandton
18 April 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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2019-04-18 07:05:00 Source: JSE News Service (SENS)

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Discovery Limited published this content on 18 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2019 05:12:03 UTC