Truworths directors sell shares for tax, portfolio rebalancing

Truworths International Limited announced that executive directors, the company secretary, and executive directors of a major subsidiary executed pooled share sales to cover tax obligations on vested shares and to rebalance investment portfolios. These on-market transactions occurred on September 30, 2025 and October 1, 2025. Shares were sold at a volume-weighted average price of R54.4580 on September 30, and R54.4113 on October 1.

The sales related to shares that vested on September 30, 2025 from the company’s share scheme. Michael Samuel Mark, an executive director, sold 84,139 shares for R4,581,023.58 to settle tax. Other executive directors, including Sarah Jane Proudfoot, Emanuel Francis Peter Maria Cristaudo, Gary Lewnser Barnard, Sharon Lynette Malander, and Hermanus Gideon Smit, also sold shares for tax purposes, with individual proceeds ranging from R300,976.94 to R3,344,176.07. Christopher Durham, the company secretary (who retired on September 30, 2025), sold 8,928 shares for R486,092.99 for tax.

Further transactions for portfolio rebalancing saw Myles Stafford Apsey, Zamira Mowzer, Peter Sven Shackleton, and Gavin John Teixeira sell shares, each transaction yielding between R2,185,077.30 and R2,922,873.70. Hermanus Gideon Smit sold an additional 17,942 shares for R976,868.34, and Christopher Durham sold another 2,201 shares for R119,835.43 for portfolio rebalancing.