Momentum Group non-executive director acquires significant shares

HP Meyer, a non-executive director of Momentum Group Limited, has significantly increased their stake in the company through an on-market purchase of MTM ordinary shares. The transaction, dated September 22, 2025, involved the acquisition of 75,400 securities, following clearance in accordance with JSE Listings Requirements.

The shares were acquired at prices ranging from a highest of R33.50 to a lowest of R33.40 per share, with a volume weighted average price of R33.4896. The total value of this transaction amounts to R2,525,112.38, reflecting a substantial investment by the director.

Momentum Group, incorporated in the Republic of South Africa, also notes its equity sponsor in South Africa as Tamela Holdings (Pty) Limited and its sponsor in Namibia as Simonis Storm Securities (Pty) Limited.