Santam executive director transfers shares under minimum shareholding plan

Santam Limited (JSE:SNT) announced that Executive Director Tavaziva Madzinga transferred 8,877 ordinary shares on April 1, 2025. The transfer was conducted off-market to facilitate the delivery or release of shares under the company's Restricted Share Plan (RSP) to meet Santam's Minimum Shareholding Requirement Plan (MSRP), following the pledge of these shares. The shares are directly and beneficially owned. The conditional value of the transaction is R nil, based on a value of ZAR3,426,522.00 using a closing price of ZAR386.00 per share as of March 31, 2025. Santam confirmed that all necessary clearances and approvals were obtained in compliance with the company's Securities Dealing Policy and relevant Listings Requirements.