In a recent development, directors of Vunani Limited, have accepted performance shares as part of the company’s share scheme, in accordance with the Listings Requirements of the JSE Limited.
Acceptance of Performance Shares
Directors EG Dube, NM Anderson, BM Khoza, T Mika, and others have participated in the acceptance of performance shares awarded under the share scheme approved by shareholders on July 21, 2015. The transactions, which took place on February 29, 2024, are detailed as follows:
| Director | Number of Ordinary Shares | Price per Share (cents) | Value of Transaction (R) |
|---|---|---|---|
| EG Dube | 255,309 | 270 | 689,334.30 |
| NM Anderson | 172,016 | 270 | 464,443.20 |
| BM Khoza | 172,016 | 270 | 464,443.20 |
| T Mika | 124,148 | 270 | 335,199.60 |
| D Hurford | 143,989 (through subsidiary) | 270 | 388,770.30 (through subsidiary) |
| Z Peter | 128,000 (through subsidiary) | 270 | 345,600.00 (through subsidiary) |
| A Links | 68,500 (through subsidiary) | 270 | 184,950.00 (through subsidiary) |
| O Moea | 68,500 (through subsidiary) | 270 | 184,950.00 (through subsidiary) |
Vesting Conditions and Clearance
These shares are set to vest on February 28, 2027, subject to the directors’ continued employment with Vunani Limited or one of its subsidiaries and meeting the specified performance conditions. The clearance for these dealings was obtained in compliance with paragraph 3.66 of the Listings Requirements, and all transactions were conducted off-market.
Conclusion
The acceptance of performance shares by Vunani Limited’s directors underscores the company’s dedication to fostering a culture of ownership and accountability among its leadership. With these transactions, Vunani continues to reinforce its position as a forward-thinking organization committed to delivering value to its stakeholders while adhering to regulatory standards.
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