In compliance with JSE Limited Listings Requirements, Afrimat Limited’s executive director, Collin Ramukhubathi, recently executed a significant sale of company shares, totaling R645,000.
| Director’s Name: | Collin Ramukhubathi |
|---|---|
| Company: | Afrimat Limited |
| Director’s Status: | Executive |
| Type of Securities: | Ordinary shares |
| Nature of Transactions: | Sale of shares by a director (on-market transactions) |
| Dates of Transactions: | 26 January 2024 |
| Price per Security (Cents): | 6,450 |
| Number of Securities Transacted: | 10,000 |
| Total Rand Value of Securities Transacted: | R645,000 |
| Nature and Extent of Interest in the Transactions: | Direct, beneficial |
This sale involved 10,000 ordinary shares, with each share priced at 6,450 cents. Ramukhubathi’s direct and beneficial interest in the transaction was duly noted.
The transaction adhered to the guidelines set forth in paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, ensuring transparency and regulatory compliance. Clearance for the sale was obtained in accordance with paragraph 3.66 of these requirements.
Such transactions by key executives often attract market attention, as they may be interpreted as indicators of the director’s confidence in the company’s future performance or personal financial strategies. Shareholders and investors may closely monitor such movements, assessing their own positions and market sentiment accordingly.
Collin Ramukhubathi’s sale of Afrimat Limited shares represents a notable transaction within the company’s leadership. With a clear disclosure of the details surrounding the sale, including compliance with regulatory requirements, this transaction provides insights into the dynamics of the company’s internal operations and the confidence levels of its key executives. As the market digests this news, it will be interesting to observe any subsequent developments and their impact on Afrimat Limited’s share performance.
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