Life Healthcare Group’s Chairman, Dr. Victor Litlhakanyane, Demonstrates Confidence with Significant Share Purchase

  • Dr. Litlhakanyane's R185,000 share purchase signals confidence, reflecting his belief in Life Healthcare's strategic direction.
  • On 15 Jan 2024, Life Healthcare made on-market purchases of 31,803 shares under its Long-Term Incentive Plan (LTIP).
  • The transactions coincide with positive market indicators, indicating a shared belief in the company's growth potential.
Life Healthcare group limited

In a move signaling confidence in the company’s future, Life Healthcare Group Holdings Limited’s Chairman, Dr. Victor Litlhakanyane, recently engaged in a noteworthy on-market purchase of ordinary shares. The transaction, executed on 16 January 2024, involved the acquisition of 10,000 shares at a purchase price of R18.500 per share, amounting to a total value of R185,000.00.

Life Healthcare’s Long-Term Incentive Plan (LTIP) Transactions

In accordance with the Listings Requirements of the JSE Limited, Life Healthcare shareholders and noteholders were informed of on-market purchases of ordinary shares under the company’s Long-Term Incentive Plan (LTIP). The transactions, which took place on 15 January 2024, included the following details:

Transaction Details for Life Healthcare under LTIP:

Transaction DetailsAmount
Nature of transactionOn-market purchase of shares
Class of securitiesOrdinary shares
Nature of interestDirect beneficial
Clearance obtainedYes
Date of transaction15 January 2024
Number of ordinary shares31,803
Purchase price per shareR18.8500
Total value of the transactionR599,486.55

Additional Transactions by Life Healthcare:

Transaction DetailsAmount
Date of transaction15 January 2024
Number of ordinary shares1,182,996
Volume weighted average priceR18.9000
Highest priceR18.9000
Lowest priceR18.3400
Total value of the transactionR22,358,624.40

Positive Market Indicators

These transactions come at a time when Life Healthcare Group Holdings Limited is experiencing positive market indicators. The on-market purchases by both the Chairman and the company under its LTIP reflect a shared belief in the company’s strategic direction and growth potential.

Chairman Litlhakanyane’s Confidence Boost

Dr. Victor Litlhakanyane’s purchase of 10,000 ordinary shares at R18.500 per share showcases his confidence in the company’s trajectory. Such moves by key executives often send a positive signal to investors, indicating a belief in the long-term value and stability of the organization.

Conclusion

The recent on-market share purchases by Life Healthcare Group Holdings Limited and its Chairman, Dr. Victor Litlhakanyane, add a positive dimension to the company’s narrative. As market dynamics continue to evolve, these transactions underscore a commitment to the company’s growth trajectory and bolster confidence among shareholders and investors alike.

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