FirstRand Namibia director otto shikongo consolidates shareholding

FirstRand Namibia Limited has disclosed a director's dealing in securities, in compliance with the Namibia Securities Exchange Listing Requirements. Otto Nakasole Shikongo, a director and shareholder, has transferred 416,225 shares from Tshothi Investments (Pty) Ltd into his personal name. This off-market transaction, which involved no flow of funds, effectively increased Shikongo's direct shareholding in FirstRand Namibia to 44.31%.

The transaction was executed on 23 December 2025. Each of the 416,225 ordinary par value shares was valued at N$54.50. This transfer means that Shikongo's significant interest in the company is now held directly, rather than indirectly through Tshothi Investments (Pty) Ltd. Clearance for this transaction was obtained.

The announcement was made by order of the board, with Nelago Makemba, group company secretary, Windhoek, on 24 December 2025. Cirrus Securities (Pty) Ltd serves as the sponsor for FirstRand Namibia Limited.