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Discovery Limited (JSE:DSY) News - Disclosure of significant holding of Discovery ordinary shares
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)
Date: 28-04-2022 07:05:00
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