Curro Holdings Limited, one of South Africa’s prominent education companies, has recently revealed the acquisition of shares by associates of Mr. PJ Mouton, a non-executive director of the company. The disclosure is in compliance with the JSE Limited Listings Requirements, specifically paragraphs 3.63 to 3.74, which mandate the reporting of share dealings by individuals within a company.
The disclosed information sheds light on the following key details of the transactions:
On various dates spanning from May 15 to May 17, 2023, a series of on-market transactions took place involving the acquisition of Curro Holdings’ ordinary shares. The specific numbers of securities transacted on each date were as follows: 22,300 (May 15), 23,400 (May 16), 155,000 (May 17), 83,115 (May 17), 83,116 (May 17), 83,115 (May 17), 358,500 (May 17), 6,885 (May 17), 6,884 (May 17), and 6,885 (May 17).
The share prices per security varied within a certain range. For the first three transactions, the high prices were 789 cents, 762 cents, and 789 cents, respectively. The corresponding low prices were 761 cents for all three transactions, while the average prices were 776.447 cents, 761.573 cents, and 768.278 cents, respectively. The following seven transactions all had a high price of 787 cents, a low price of 781 cents, and an average price of 784.680 cents. The eighth, ninth, and tenth transactions were executed at a fixed price of 800 cents per security.
The total value of the securities involved in these transactions amounted to R173,147.76, R178,208.00, R1,190,830.85, R652,186.78, R652,194.63, R652,186.78, R2,909,603.32, R55,080.00, R55,072.00, and R55,080.00, respectively.
Stephanie Mouton, Stephanie Mouton Trust, Klipbank Beleggings Proprietary Limited, Juan Mouton Trust, Pieter Mouton Trust, and Die Francois Fouche Mouton Trust were named as the associates involved in these transactions. The relationship between these associates and Mr. PJ Mouton varies, ranging from a spouse relationship to directorship and trustee roles.
It is important to note that Mr. PJ Mouton’s associates held an indirect, non-beneficial interest in the first two transactions and an indirect, beneficial interest in the third and seventh transactions. For the remaining transactions, the associates’ interest was categorized as indirect and non-beneficial.
Curro Holdings Limited has obtained clearance for these share transactions as required by the JSE Limited Listings Requirements, specifically under paragraph 3.66.
As a leading education company, Curro Holdings Limited remains committed to upholding transparency in disclosing share dealings by its directors and their associates. The company continues to prioritize the delivery of high-quality education services while maintaining the trust of its stakeholders.
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