Capricorn Group directors exercise N$12.4 million in shares

Directors and the company secretary of Capricorn Group have exercised vested shares totaling approximately N$12.4 million, according to disclosures made to the Namibia Securities Exchange (NSX).

The transactions were conducted under the group’s Conditional Share Plan and Share Appreciation Rights Plan. Marthinus Johannes Prinsloo exercised 172,008 shares under the Conditional Share Plan and 68,013 shares under the Share Appreciation Rights Plan. Johan Maass exercised 56,164 shares under the Conditional Share Plan.

Additionally, Bank Windhoek director James Willian Chapman exercised 80,498 shares under the Conditional Share Plan and 23,892 shares under the Share Appreciation Rights Plan, while also conducting an off-market sale of 25,759 shares. Capricorn Group company secretary Hellmut Gottlob von Ludwiger also exercised shares under both plans. All transactions were recorded as direct beneficial interests with necessary clearances obtained.