KAL Group acquires shares for long-term incentive plan

KAL Group Limited announced the acquisition of 678,880 ordinary shares, totaling R27,630,090.09, through Investec Bank Limited. This strategic move is part of a previously disclosed hedging transaction, aimed at settling future obligations under the company's non-dilutive long-term incentive plan (LTIP) rules. The transactions, executed on-market, reflect an indirect, non-beneficial interest for KAL Group.

The acquisitions took place over several months, from June 24, 2025, to September 5, 2025, with varying volumes and prices. Notable large volume purchases included 169,720 shares on June 24, 2025, at R38.70 per share, amounting to R6,568,164.00, and 102,619 shares on July 21, 2025, at R43.84 per share, totaling R4,499,286.44.

Smaller, more frequent acquisitions continued through August and into September, with prices fluctuating between a low of R38.49 and a high of R43.84 per share. The final reported transaction on September 5, 2025, involved 2,166 shares at R40.55 each, valued at R87,831.08. All necessary clearances for these dealings were obtained.