16
July
2021
|
17:50
Europe/Amsterdam

Dealings in securities

Naspers Limited
(Incorporated in the Republic of South Africa)
|(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US6315122092
(“Naspers” or “the company”)

Dealings in securities

In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following information is disclosed:-

Executive Director: Bob van Dijk

Transaction date: 15 July 2021

On/off market: Off market

Price at which share options

were offered: Closing price on the JSE Limited on 13

July 2021: R2 819.37

Number of shares: 9 264 Naspers N ordinary share options

Value: R10 843 929 (approximately US$742 056).

Value is determined as being fair value of the award on grant date determined in accordance with International Financial Reporting Standards 2 – Share-based Payment, and as disclosed in the remuneration report included in the company’s 31 March 2021 integrated annual report.

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Internet Holdings B.V. employee share incentive scheme to Bob van Dijk. The offer of an option to purchase shares was made at market value on 13 July 2021 at R2 819.37, being the closing price on the JSE Limited on that day. The offer was accepted on 15 July 2021. The first quarter of the options vest on 13 July 2022, the second quarter vests on 13 July 2023, the third quarter vests on 13 July 2024 and the final quarter vests on 13 July 2025.

Price at which PSUs were offered: R0

Number of shares: 27 796 Naspers performance stock units

Grant value: R84 501 139 (approximately US$5 936 445).

Class of shares: N ordinary

Nature of transaction: Offer of performance share units (PSUs) by the Naspers Restricted Stock Plan Trust to Bob van Dijk. The offer of PSUs was made on 21 June 2021. Vesting of PSUs, and the exact quantum thereof, is subject to the achievement of performance conditions set out in the remuneration report included in the integrated annual report on page 116. The offer was accepted on 15 July 2021. The options are expected to vest on or about 21 June 2024.

Nature of interest: Direct Beneficial

Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements.

 

Executive Director: Basil Sgourdos

Transaction date: 15 July 2021

On/off market: Off market

Price at which share options

were offered: Closing price on the JSE Limited on 13 July 2021: R2 819.37

Number of shares: 5 489 Naspers N ordinary share options

Value: R6 425 944 (approximately US$439 731)

Value is determined as being fair value of the award on grant date determined in accordance with International Financial Reporting Standards 2 – Share-based Payment, and as disclosed in the remuneration report of the company’s 31 March 2021 integrated annual report.

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Internet Holdings B.V. employee share incentive scheme to Basil Sgourdos. The offer of an option to purchase shares was made at market value on 13 July 2021 at R2 819.37, being the closing price on the JSE Limited on that day. The offer was accepted on 15 July 2021. The first quarter of the options vest on 13 July 2022, the second quarter vests on 13 July 2023, the third quarter vests on 13 July 2024 and the final quarter vests on 13 July 2025.

Price at which PSUs were offered: R0

Number of shares: 16 472 Naspers performance stock units

Grant value: R50 074 061 (approximately US$3 517 845)

Class of shares: N ordinary

Nature of transaction: Offer of performance share units (PSUs) by the Naspers Restricted Stock Plan Trust to Basil Sgourdos. The offer of PSUs was made on 21 June 2021. Vesting of PSUs, and the exact quantum thereof, is subject to the achievement of performance conditions set out in the remuneration report included in the integrated annual report on page 116. The offer was accepted on 15 July 2021. The options are expected to vest on or about 21 June 2024.

Nature of interest: Direct Beneficial

Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements

 

Company secretary: Lynelle Bagwandeen

Transaction date: 15 July 2021

On/off market: Off market

Price at which share options

were offered: Closing price on the JSE Limited on 13 July 2021: R2 819.37

Number of shares: 1 248 Naspers N ordinary share options

Value: R1 461 336 (approximately US$100 000)

Value is determined as being fair value of the award on grant date determined in accordance with International Financial Reporting Standards 2 – Share-based Payment.

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Holdings employee share incentive scheme to Lynelle Bagwandeen. The offer of an option to purchase shares was made at market value on 13 July 2021 at R2 819.37, being the closing price on the JSE Limited on that day. The offer was accepted on 15 July 2021. The first quarter of the options vest on 13 July 2022, the second quarter vests on 13 July 2023, the third quarter vests on 13 July 2024 and the final quarter vests on 13 July 2025.

Nature of interest: Direct Beneficial

Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements.

 

Company secretary

of a major subsidiary: Gillian Kisbey-Green

Transaction date: 16 July 2021

On/off market: Off market

Price at which share options

were offered: Closing price on the JSE Limited on 13 July 2021: R2 819.37

Number of shares: 2 809 Naspers N ordinary share options

Value: R3 288 007.00 (approximately US$ 225 000)

Value is determined as being fair value of the award on grant date determined in accordance with International Financial Reporting Standards 2 – Share-based Payment.

Class of shares: N ordinary

Nature of transaction: Offer of an option to purchase shares made by the MIH Internet Holdings B.V. employee share incentive scheme to Gillian Kisbey-Green. The offer of an option to purchase shares was made at market value on 13 July 2021 at R2 819.37, being the closing price on the JSE Limited on that day. The offer was accepted on 16 July 2021. The first quarter of the options vest on 13 July 2022, the second quarter vests on 13 July 2023, the third quarter vests on 13 July 2024 and the final quarter vests on 13 July 2025.

Nature of interest: Direct Beneficial

Clearance: Clearance has been received in terms of paragraph 3.66 of the JSE Listings Requirements.

Cape Town

16 July 2021

Sponsor: Investec Bank Limited

Boilerplate

About Naspers:

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. 

In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and e-commerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business. 

Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early-stage technology companies in South Africa that seek to address big societal needs. To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in low income, urban settings, Naspers Labs provide a structured development journey enabling young people to enter the economy.

Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.

About Naspers Foundry: 

Naspers Foundry is an early-stage business funding initiative focused on technology entrepreneurs in South Africa. Over the past year, Naspers Foundry invested R30 million in SweepSouth, an online home and business cleaning services platform that connects clients with trusted, reliable cleaners. Visit SweepSouth for more information. 

After year-end, in May 2020, Naspers Foundry invested a further R100 million in Aerobotics, an agritech company that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology. Visit Aerobotics for more information. 

In September 2020, Naspers Foundry closed a transaction in Food Supply Network on undisclosed terms. The independent B2B marketplace integrates ordering systems of manufacturers, distributors, and buyers (restaurants, hotels and retailers) of food products. Visit Food Supply Network for more information.

In November 2020, Naspers Foundry invested R45 million in The Student Hub, an edtech company that increases access to vocational education to large numbers of students whilst reducing the costs of delivery of education and training. Visit The Student Hub for more information.

In June 2021, Naspers Foundry invested R42 million in WhereIsMyTransport, a mobility technology company that maps formal and informal public transport networks and uses this data and technology to improve the public transport experience, making the public commute more reliable, predictable, safe, inclusive and accessible for millions of people in highly populated megacities. Visit WhereIsMyTransport for more information.

Visit Naspers Foundry for more information.

About Naspers Labs:

Naspers Labs is the group’s flagship social impact programme designed to transform and launch South Africa’s unemployed youth into economic activity. Currently, in its pilot phase, Naspers has invested R69 million in Naspers Labs and has set up four labs.

To date, over 2,000 young people have completed the Naspers Labs programme and 956 employment placements have been made. As a result of Covid-19, Naspers Labs is expanding its offering to train youth in Cyber Security, Software Development and Cloud Computing, through remote learning.

Visit www.nasperslabs.org for more information.

About Naspers

Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.

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