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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
DSBP ISIN: ZAE000158564
Bond company code: DSYI
("Discovery" or “the Company”)
Dealings in securities by directors and the company secretary of the Company, and directors of
major subsidiaries
In compliance with paragraphs 3.63 to 3.74 and paragraphs 6.42 to 6.53 of the JSE Limited (“JSE”)
Listings and Debt Listings Requirements, shareholders and noteholders are advised of the following
information relating to dealing in securities by directors and the company secretary of the Company,
and directors of major subsidiaries:
The vesting and sale transactions, where applicable, occurred in terms of the Discovery Long-Term
Incentive Plan (“LTIP”). All sale transactions occurred on market following vesting and all deliveries of
awards occurred off-market.
Name of Director: Mr A Gore
Company: Discovery
Date of Vesting: 30 September 2022
Class of securities: Ordinary Shares
Nature of Transaction: Automatic vesting and exercise of 38 199 shares in
the Discovery LTIP. Income tax due was paid by the
employee, this resulted in the delivery of 38 199
Discovery ordinary shares
Number of securities received: 38 199
VWAP vesting price per security: R104.13
Value of Transaction: R3 977 661.87
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr H Kallner
Company: Discovery
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and sale of 25 620 shares in the
Discovery LTIP
Number of securities sold: 25 620
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R2 667 810.60
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R2 700 975.69
Nature and Extent of Directors Interest: Direct beneficial
Name of Company Secretary: Ms N Mbongo
Company: Discovery
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and exercise of 2 618 shares in the
Discovery LTIP. After settling the income tax due,
through the sale of 1 309 Discovery ordinary shares,
this resulted in the delivery of 1 309 Discovery
ordinary shares
Number of securities received: 1 309
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R136 306.17
Number of securities sold: 1 309
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R138 000.67
Nature and Extent of
Company Secretary Interest: Direct beneficial
Name of Director: Mr RN Noach
Company: Discovery Health
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and sale of 9 622 shares in the
Discovery LTIP.
Number of securities: 9 622
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R1 001 938.86
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R1 014 394.54
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr A Ntsaluba
Company: Discovery
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transaction: Automatic vesting and exercise of 22 626 shares in
the Discovery LTIP. After settling the income tax due,
through the sale of 11 313 Discovery ordinary shares,
this resulted in the delivery of 11 313 Discovery
ordinary shares
Number of securities received: 11 313
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R1 178 022.69
Number of securities sold: 11 313
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R1 192 667.37
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr A Pollard
Company: Discovery
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and sale of 7 331 shares in the
Discovery LTIP Scheme.
Number of securities: 7 331
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R763 377.03
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R772 867.01
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr KS Rabson
Company: Discovery Life
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and sale of 18 062 shares in the
Discovery LTIP.
Number of securities: 18 062
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R1 880 796.06
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R1 904 177.32
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr B Swartzberg
Company: Discovery
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and exercise of 7 686 shares in the
Discovery LTIP. After settling the income tax due,
through the sale of 3 843 Discovery ordinary shares,
this resulted in the delivery of 3 843 Discovery
ordinary shares
Number of securities received: 3 843
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R400 171.59
Number of securities sold: 3 843
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R405 146.35
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr R Van Reenen
Company: Discovery Life
Date of Vesting: 30 September 2022
Date of Sale: 3 October 2022 to 6 October 2022
Class of securities: Ordinary Shares
Nature of Transactions: Automatic vesting and exercise of 13 091 shares in
the Discovery LTIP. After settling the income tax due,
through the sale of 6 546 Discovery ordinary shares,
this resulted in the delivery of 6 545 Discovery
ordinary shares
Number of securities received: 6 545
VWAP vesting price per security: R104.13
Value of Vesting Transaction: R681 530.85
Number of securities sold: 6 546
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R690 108.78
Nature and Extent of Directors Interest: Direct beneficial
Name of Director: Mr D Viljoen
Company: Discovery
Date of Transaction: 30 September 2022
Class of securities: Ordinary Shares
Nature of Transaction: Automatic vesting and exercise of 24 170 shares in
the Discovery LTIP. Income tax due was paid by the
employee, this resulted in the delivery of 24 170
Discovery ordinary shares
Number of securities: 24 170
VWAP vesting price per security: R104.13
Value of Transaction: R2 516 822.10
Nature and Extent of Directors Interest: Direct beneficial
The vesting date in respect of the Discovery LTIP occurred on 30 September 2022.
The necessary clearances have been obtained as required in terms of paragraphs 3.66 and 6.45 of
the JSE Listings and Debt Listings Requirements for all the transactions.
06 October 2022
Sandton
Sponsor and Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
