Spur executives exercise share incentive schemes

Spur Corporation Limited announced that several key individuals have dealt in securities as part of their Bonus Matching Forfeitable Shares (BMFS) under the 2020 Restricted Share Plan. Executive director Valentine Nichas had 28,065 shares vested with a value of R997,049, all of which were retained.

Cristina Teixeira, also an executive director, had 23,387 shares vested, valued at R830,856. To cover tax expenses, she sold 10,874 shares at R37.9957 each, and retained 12,513 shares. Kevin Robertson, another executive director, vested 17,812 shares valued at R632,797. He sold 8,282 shares at R37.9957, and retained 9,530 shares.

Donfrey Meyer, the company secretary, vested 3,294 shares valued at R117,024. Of these, 1,531 shares were sold at R37.9957 to cover tax expenses, with 1,763 shares retained. The vesting date for all transactions was 22 August 2025, an adjustment from the previously communicated date due to a prohibited period.