Tiger Brands subsidiary director sells, retains shares after vesting

NJ Ralebepa, a director of Tiger Consumer Brands Limited, a major subsidiary of Tiger Brands Limited, recently conducted a share transaction. On September 9, 2025, a total of 6,074 ordinary shares vested off-market at a strike price of R17.1374 per share.

Following the vesting, Ralebepa sold 2,990 ordinary shares on-market at a price of R300.4224 per share, generating a total value of R898,262.98 from the sale. Concurrently, Ralebepa retained 3,084 ordinary shares at a price of R304.1200 per share. The total value of this overall transaction, including both the sale and retention of shares, amounted to R937,906.08. This transaction represents a direct beneficial interest for the director.

The dealing in securities was performed in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements and in accordance with shares awarded through the Tiger Brands Black Managers Trust. Necessary clearance for the transaction was obtained per section 3.66 of the Listings Requirements. J.P. Morgan Equities South Africa Proprietary Limited sponsored the announcement, which was released from Bryanston on September 10, 2025.