CHAMWE KAIRA
Paratus Namibia Holdings, Oceana Group and Choppies Enterprises have disclosed insider share dealings by directors across the Namibian, South African and Botswana stock exchanges.
Paratus Namibia Holdings reported that two directors increased their direct beneficial shareholdings through transactions executed on 23 June.
Director Barney Harmse acquired 16 274 ordinary shares on the open market at N$12.3162 per share, for a total value of N$200 433.84.
Director Schalk Leipoldt van Zyl Erasmus also purchased 16 274 ordinary shares at N$12.3162 each, amounting to N$200 433.84.
In a separate off-market transaction, Erasmus acquired a further 50 000 ordinary shares at N$12.30 per share, valued at N$615 100.
The company said both transactions received the required board approval and were executed in accordance with the Namibia Securities Exchange’s listing requirements.
In South Africa, Oceana Group disclosed that non-executive director Mustaq Brey completed a restructuring of his indirect beneficial shareholding on 22 June.
The restructuring involved the sale of 20 000 ordinary shares by H Investments 157 Proprietary Limited at R67.45 per share, while Breyfin Proprietary Limited simultaneously acquired the same number of shares at the same price.
Both companies are wholly owned by The Mushaky Family Trust, meaning the transaction did not alter Brey’s indirect beneficial interest in Oceana.
The total value of the transaction was R1.349 million.
Meanwhile, Botswana-listed retailer Choppies Enterprises announced that managing director Ramachandran Ottapathu purchased 61 927 ordinary shares on the open market on 23 June.
The shares were acquired at P1.50 each, giving the transaction a total value of BWP92 890.50.
The company said the purchase complied with the Botswana Stock Exchange’s listing requirements governing dealings by directors.
The transactions were disclosed through the respective stock exchange regulatory announcements in Namibia, South Africa and Botswana.
Paratus Namibia Holdings is a listed company under the technology sector on the Namibian Stock Exchange, with the objective of pursuing investments in the Information Communication and Technology Sector in sub-Saharan Africa.
Oceana is one of Africa’s largest fishing companies and the most established. It is listed on the Johannesburg (JSE), Namibian (NSX) stock exchanges and A2X.
Choppies is the leading supermarket chain in Africa and operates more than 20 stores in Namibia.
