Foschini Group directors deal in shares under incentive plan

The Foschini Group (TFG) disclosed dealings in its securities by executive directors, the company secretary, and directors of a major subsidiary, as per JSE Listings Requirements. A.E. Thunström, Executive Director and Chief Executive Officer, sold 61,483 shares at a VWAP of R126.4636 per share, totaling R7,775,361.52 to settle tax obligations related to previously granted shares under the 2020 Forfeitable Share Plan. Similar transactions were conducted by S.A. Baird, G.S. Naidoo, J.L. Fisher, J de Kock and S.E. Morley (directors of a major subsidiary) and D. van Rooyen (company secretary) for tax purposes, selling respective share quantities at the same VWAP with sales value between R770,542.71 and R2,336,288.55. These dealings were direct and beneficial, with clearance obtained.