Santam executives awarded shares, engage in transactions

Santam Limited, a prominent South African insurer, announced its executive directors and company secretary accepted conditional awards of Santam shares under the company's Performance Deferred Share Plan (PDSP). The awards, made on October 1, 2025, are subject to pre-determined vesting conditions over five years.

Executive director Tavaziva Madzinga received 15,882 shares valued at R 6,043,895.10, while executive director Wikus Olivier was awarded 8,835 shares worth R 3,362,159.25. Company secretary Ruwaida Eksteen received 1,324 shares valued at R 503,848.20.

In separate dealings, Wikus Olivier executed an off-market transfer of 7,429 Santam shares on October 1, 2025, from the company's Restricted Share Plan to its Minimum Shareholding Requirement Plan, with a conditional value of R 2,827,105.95. Tavaziva Madzinga also made an on-market purchase of 850 ordinary shares on October 2, 2025, at an average price of R373.0946 per share, totaling R 317,130.41.

All transactions and awards received the necessary clearances and approvals, complying with Santam's Securities Dealing Policy and JSE Listings Requirements. The shares awarded under the PDSP do not carry voting or dividend rights until vesting.