In a show of confidence in the company’s future prospects, Dr. Thabane Vincent Maphai, an independent non-executive director of STADIO Holdings Limited (JSE: SDO), has acquired 40,000 ordinary shares in the leading South African private higher education institution. The on-market transaction, which took place on 23 June 2023, amounted to a total value of R180,176.00.
STADIO Holdings has disclosed the details of the transaction in compliance with the JSE Limited Listings Requirements. Dr. Maphai’s purchase of ordinary shares with his personal funds signifies a direct and beneficial interest in the transaction. The shares were acquired at a price of 450.44 cents per share, reflecting Dr. Maphai’s belief in the company’s value and growth potential.
STADIO Holdings operates as a fully integrated higher education institution, offering a wide range of degrees and diplomas across multiple campuses throughout South Africa. The institution aims to provide career-oriented education, equipping students with the skills and knowledge necessary to excel in their chosen fields.
As an independent non-executive director, Dr. Maphai brings valuable expertise to the board of STADIO Holdings. His decision to purchase shares underscores his confidence in the company’s long-term prospects and strategic direction.
The clearance for this transaction was obtained in accordance with the JSE Limited Listings Requirements, ensuring compliance with the regulatory framework governing such dealings.
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