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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”)
Correction announcement: Dealings in securities by directors and the company secretary of the
Company, and directors of major subsidiaries
The below announcement is published as a correction of the notice published on SENS on 6 October
2022. The numbers published did not reflect the impact of forfeitures of awards due to performance
conditions applicable to the vesting. The vesting and sale prices reflected remain unchanged.
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 31 372 shares in the
Discovery LTIP. Income tax due was paid by the
employee, this resulted in the delivery of 31 372 Discovery
ordinary shares
Number of securities received: 31 372
VWAP vesting price per security: R104.1330
Value of Transaction: R3 266 860.48
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 Transaction: Automatic vesting and sale of 21 041 shares in the
Discovery LTIP.
Number of securities sold: 21 041
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R2 191 062.45
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R2 218 236.90
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 Transaction: Automatic vesting and exercise of 2 548 shares in the
Discovery LTIP. After settling the income tax due, through
the sale of 1 274 Discovery ordinary shares, this resulted
in the delivery of 1 274 Discovery ordinary shares
Number of securities received: 2 548
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R265 330.88
Number of securities sold: 1 274
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R134 310.81
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 Transaction: Automatic vesting and sale of 8 935 shares in the
Discovery LTIP.
Number of securities: 8 935
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R 930 428.36
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R941 967.91
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 18 582 shares in the
Discovery LTIP. After settling the income tax due, through
the sale of 9 291 Discovery ordinary shares, this resulted
in the delivery of 9 291 Discovery ordinary shares
Number of securities received: 18 582
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R1 934 999.41
Number of securities sold: 9 291
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R979 499.03
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 Transaction: Automatic vesting and sale of 6 021 shares in the
Discovery LTIP.
Number of securities: 6 021
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R626 984.79
VWAP sales price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R634 760.91
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 Transaction: Automatic vesting and sale of 16 771 shares in the
Discovery LTIP.
Number of securities: 16 771
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R1 746 414.54
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Transaction: R1 768 074.29
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 Transaction: Automatic vesting and exercise of 6 313 shares in the
Discovery LTIP. After settling the income tax due, through
the sale of 3 157 Discovery ordinary shares, this resulted
in the delivery of 3 156 Discovery ordinary shares
Number of securities received: 6 313
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R657 391.63
Number of securities sold: 3 157
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R332 825.15
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 Transaction: Automatic vesting and exercise of 12 156 shares in the
Discovery LTIP. After settling the income tax due, through
the sale of 6 078 Discovery ordinary shares, this resulted
in the delivery of 6 078 Discovery ordinary shares
Number of securities received: 12 156
VWAP vesting price per security: R104.1330
Value of Vesting Transaction: R1 265 840.75
Number of securities sold: 6 078
VWAP sale price per security: R105.4245 (R108.14 High, R102.41 Low)
Value of Sale Transaction: R640 770.11
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 19 850 shares in the
Discovery LTIP. Income tax due was paid by the
employee, this resulted in the delivery of 19 850 Discovery
ordinary shares
Number of securities: 19 850
VWAP vesting price per security: R104.1330
Value of Transaction: R2 067 040.05
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 were obtained as required in terms of paragraphs 3.66 and 6.45 of the JSE
Listings and Debt Listings Requirements for all the transactions.
11 October 2022
Sandton
Equity and Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
