Deneb Investments director sells R3m in shares

David Duncan, a non-executive director of Deneb Investments Limited, executed two significant sales of ordinary shares in the company in mid-September 2025. On September 17, 2025, Duncan sold 610,000 shares at ZAR 2.50 per share, totaling ZAR 1,525,000. The following day, September 18, 2025, he sold an additional 590,000 shares, also at ZAR 2.50 per share, for a total of ZAR 1,475,000.

These transactions collectively involved 1,200,000 ordinary shares, amounting to a total rand value of ZAR 3,000,000. The nature of these transactions was reported as direct, beneficial sales of shares by a director, conducted on-market.

The dealings were carried out in compliance with JSE Limited Listings Requirements, with clearance obtained. PSG Capital served as the sponsor for Deneb Investments Limited.