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Naspers South Africa CEO sells R240-million in shares – TechCentral | SA News

Naspers South Africa CEO sells R240-million in shares
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa

Naspers South Africa CEO Phuthi Mahanyele-Dabengwa has sold R240-million worth of shares in the company. She sold the shares “to cover taxes and other expenses”, according to a Naspers statement issued via the JSE on Monday.

“Mahanyele-Dabengwa disposed of 42 305 Naspers N ordinary shares to cover taxes and other related costs on-market and took delivery of the remaining 9 999 Naspers N ordinary shares,” said Naspers.

According to the statement, the shares sold relate to :

  • 13 281 Naspers share options, awarded on 21 September 2020 with a base cost of R2 827.88/share and fully vested between 21 September 2021 and 21 September…

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