Raubex executives accept R65m performance share awards

Raubex Group Limited has awarded long-term incentive performance shares worth approximately R65 million to its senior executives and officers, with vesting scheduled for August 2028.

Executive director NF Msiza accepted the largest award of 324,978 shares valued at R14.8 million, while fellow executive director DC Lourens received 301,463 shares worth R13.8 million. Director SJ Odendaal accepted shares valued at R11.0 million.

Five prescribed officers received awards ranging from R8.5 million to R12.7 million each. The awards were priced at R45.72 per share based on the 20-day volume weighted average price ending June 30, 2025.

All awards are conditional on achieving performance targets and employment conditions over the three-year vesting period.