- Director F. Robertson of Brimstone Investment Corporation increases stake through share purchase.
- Business Venture Investments No 871 (Pty) Ltd, an associate of Mr. Robertson, acquires 1,649 ordinary shares at R5.00 per share.
- F. Robertson holds a direct beneficial interest in Business Venture and obtained written clearance for the transaction.
Brimstone Investment Corporation Limited witnessed an increase in its director’s stake as F. Robertson acquired additional shares in the company. The purchase was made through Business Venture Investments No 871 (Pty) Ltd, an associate of Mr. Robertson. Brimstone Investment Corporation operates under the ISIN numbers ZAE000015277 and ZAE000015285, with share codes BRT and BRN, respectively.
In accordance with the JSE Limited Listings Requirements, specific information regarding the transaction has been disclosed. On June 6, 2023, Business Venture Investments No 871 (Pty) Ltd purchased a total of 1,649 “N” ordinary shares at a price of R5.00 per security. This transaction resulted in a total value of R8,245.00.
The shares were acquired through an on-market purchase, indicating direct beneficial interest by Business Venture Investments No 871 (Pty) Ltd, an associate of F. Robertson. Notably, F. Robertson holds a direct beneficial stake in Business Venture.
Before proceeding with the share purchase, F. Robertson sought and received written clearance, ensuring compliance with all necessary regulations.
Brimstone Investment Corporation holds a prominent position in the South African financial landscape and engages in strategic investments across sectors such as food, healthcare, and financial services.
The recent announcement of F. Robertson’s increased stake through the acquisition of Brimstone shares demonstrates his unwavering confidence in the company’s growth potential and long-term investment prospects. Such a move by a director often serves as a strong indicator of their belief in the organization’s future performance.