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 2024;
- 11 237 Naspers share options awarded on 21 June 2021 with a base cost of R3 040/share vested between 21 June 2022 and 21 June 2025;
- 21 252 Naspers share options awarded on 27 June 2022 with a base cost of R2 348.69/share vested between 27 June 2023 and 27 June 2025; and
- 6 534 Naspers share options, awarded on 27 June 2023 with a base cost of R3 261.28/share vested between 27 June 2024 and 27 June 2025.
The volume weighted average price per share was R5 663.84. Naspers shares were trading 0.14% lower than the previous day’s close in mid-morning trading on Tuesday at R5 567.58/share. The shares have more than doubled in the past three years. – © 2025 NewsCentral Media
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