Capital Appreciation Limited (CTA) has disclosed that several directors of the company and a director of a major subsidiary have participated in securities transactions in compliance with the JSE Limited Listings Requirements. The dealings involved the automatic vesting and sale of conditional share plan awards as part of the Capital Appreciation Conditional Share Plan.
According to the announcement, the transactions were carried out by directors of the Company, Alan Charles Salomon and Michael Reuven Pimstein, as well as a director of a major subsidiary, Michael Brian Shapiro. All transactions were conducted on the market following the vesting of the shares, while the delivery of the awards took place off-market. The necessary clearances have been obtained as required by the JSE Listings Requirements.
Director: Alan Charles Salomon
| Name of Director | Company | Class of Securities | Nature of Transactions | Number of Securities Vested | Value of Vesting Transaction |
|---|---|---|---|---|---|
| Alan Charles Salomon | Capital Appreciation Limited | Ordinary Shares | Automatic vesting and sale of conditional share plan awards | 4,136,904 | R6,205,356 |
Number of Securities Sold:
| Date | Number of Securities Sold |
|---|---|
| June 29 | 414,993 |
| July 3 | 11,013 |
| July 4 | 55,566 |
| July 5 | 133,522 |
| July 6 | 1,453,358 |
| July 7 | 625,000 |
| July 10 | 375,000 |
| July 11 | 1,068,452 |
Total Value of Sale Transaction: R6,205,356
Nature and Extent of Interest: Direct beneficial
Director: Michael Reuven Pimstein
| Name of Director | Company | Class of Securities | Nature of Transactions | Number of Securities Vested | Value of Vesting Transaction |
|---|---|---|---|---|---|
| Michael Reuven Pimstein | Capital Appreciation Limited | Ordinary Shares | Automatic vesting and sale of conditional share plan awards | 4,136,904 | R6,205,356 |
Number of Securities Sold:
| Date | Number of Securities Sold |
|---|---|
| June 29 | 563,040 |
| July 3 | 28,152 |
| July 4 | 84,456 |
| July 5 | 143,152 |
| July 6 | 1,249,652 |
| July 7 | 733,285 |
| July 10 | 209,381 |
| July 11 | 1,125,786 |
Total Value of Sale Transaction: R6,205,359
Nature and Extent of Interest: Direct beneficial
Director: Michael Brian Shapiro
| Name of Director | Company | Class of Securities | Nature of Transactions | Number of Securities Vested | Value of Vesting Transaction |
|---|---|---|---|---|---|
| Michael Brian Shapiro | Capital Appreciation Limited | Ordinary Shares | Automatic vesting and sale of conditional share plan awards | 1,436,425 | R2,154,638 |
Number of Securities Sold:
| Date | Number of Securities Sold |
|---|---|
| July 4 | 857,246 |
| July 5 | 579,179 |
Total Value of Sale Transaction: R2,154,637.50
Nature and Extent of Interest: Direct beneficial
Director: Steyn Nel Basson
| Name of Director | Company | Date of Automatic Vesting | Class of Securities | Nature of Transactions | Number of Securities Vested | Value of Vesting Transaction |
|---|---|---|---|---|---|---|
| Steyn Nel Basson | Synthesis Software Technologies Proprietary Limited | June 22, 2023 | Ordinary Shares | Automatic vesting of conditional share plan awards | 1,005,498 | R1,508,247 |
The directors’ participation in the share plan transactions provides insight into their strategies and decisions regarding their holdings. Shareholders and investors may find these transactions of interest as they reflect the directors’ confidence and engagement in the company.
