Telkom directors, officers sell shares after incentive awards vest

Telkom SA SOC Limited announced dealings in securities by a non-executive director, an executive director, and several prescribed officers following the vesting of forfeitable share awards under the company's Long-Term Incentive (LTIP) Share Plan. These transactions, primarily off-market vesting followed by on-market sales to cover tax liabilities, occurred on August 26, 2025.

B Kennedy, a non-executive director, sold 200 ordinary shares on-market at R51.40 per share, totaling R10,280.00. Serame Taukobong, an executive director, executed an off-market vesting and simultaneous on-market sale of 31,834 ordinary shares at a volume-weighted average price (VWAP) of R50.2812, with the total value subject to tax at 45% being R1,600,651.72.

Prescribed officers BN Apleni, LM Siyo, PJ Bogoshi, and NM Lekota also conducted similar transactions, selling 8,549, 13,468, 22,934, and 6,002 ordinary shares respectively, to meet tax obligations. The VWAPs for these sales ranged from R50.3005 to R50.4347, with individual transaction values subject to tax at 45% totaling R431,166.25, R677,447.13, R1,156,669.41, and R302,709.07 respectively. All individuals obtained clearance to deal.