Bidvest directors receive share awards, sell shares for tax

The Bidvest Group Limited announced the off-market delivery of ordinary shares as long-term incentives under its 2008 Conditional Share Plan. These awards, linked to performance conditions from 2021-2024 and 2022-2025, vested at a deemed value of R214.01 per share. NT Madisa received 101,403 shares, MJ Steyn 54,724 shares, and GC McMahon 43,903 shares.

Following these awards, the directors sold shares in the open market on September 23, 2025, to cover their tax obligations. NT Madisa sold 47,151 shares for a total value of R10,090,785.51. MJ Steyn sold 24,744 shares totaling R5,295,463.44, and GC McMahon sold 20,414 shares for R4,368,800.14.

The company stated that the interest in these transactions is directly beneficial to the respective directors. The announcement was dated September 25, 2025, and sponsored by Investec Bank Limited.