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    DSY   ZAE000022331

DISCOVERY LIMITED

(DSY)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-06-30
127.99 ZAR   -0.09%
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Discovery : Disclosure of significant holding of Discovery ordinary shares

04/28/2022 | 01:34am EDT

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

JSE bond company code: DSYI

("Discovery" or "the Company")

DISCLOSURE OF SIGNIFICANT HOLDING OF DISCOVERY ORDINARY SHARES

Shareholders and noteholders of Discovery are referred to the announcement published on the Stock Exchange News Service (SENS) on 20 September 2021 by Rand Merchant Investment Holdings Limited (RMI) regarding the proposed restructure of RMI, including the pro rata distribution in specie of RMI's shareholding in Discovery to RMI shareholders (the Unbundling) and the declaration announcement by RMI of the Unbundling of its shareholding in the Company published on SENS on 25 March 2022.

In accordance with paragraph 122(3)(b) of the Companies Act, No. 71 of 2008 as amended (the Companies Act), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that as part of the implementation of the Unbundling, RMI has notified the Company that it has disposed of its beneficial interest in securities of the Company such that it now holds 0% of the issued ordinary shares in the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notices with the Takeover Regulation Panel.

The board of directors of Discovery accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to Discovery is true and that this announcement does not omit anything likely to affect the importance of such information.

Sandton

28 April 2022

Sponsor and Debt Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Disclaimer

Discovery Limited published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:33:01 UTC.


© Publicnow 2022
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Financials
Sales 2022 52 826 M 3 216 M 3 216 M
Net income 2022 6 407 M 390 M 390 M
Net Debt 2022 20 299 M 1 236 M 1 236 M
P/E ratio 2022 13,1x
Yield 2022 0,42%
Capitalization 84 077 M 5 119 M 5 119 M
EV / Sales 2022 1,98x
EV / Sales 2023 1,95x
Nbr of Employees -
Free-Float 80,9%
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Technical analysis trends DISCOVERY LIMITED
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TrendsBearishBearishNeutral
Income Statement Evolution
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Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 127,99 ZAR
Average target price 195,00 ZAR
Spread / Average Target 52,4%
EPS Revisions
Managers and Directors
Adrian Gore Group Chief Executive Officer & Executive Director
Deon Marius Viljoen Chief Financial Officer & Executive Director
Mark Edward Tucker Chairman
Thabane Vincent Maphai Independent Non-Executive Director
Sindiswa Victoria Zilwa Independent Non-Executive Director
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