Growthpoint exec Sasse sells shares worth R13.5 million after option vesting
Bitget2026/10/07 07:50Growthpoint disclosed option vesting and share sales by executive director Louis Neil Sasse. Sasse exercised 1,842,091 options at a deemed price of R 15.51, valuing the transaction at R 28.57 million. He sold 835,175 shares at a VWAP of R 16.1693 for R 13.5 million, retaining 1,006,916 shares. Major subsidiary director Edward Binedell exercised 682,641 options at R 15.51, valuing the transaction at R 10.59 million. Binedell sold 309,433 shares at a VWAP of R 16.1693 for R 5 million, retaining 373,208 shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Growthpoint Properties Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S604522), on October 07, 2026, and is solely responsible for the information contained therein.
- Growthpoint disclosed option vesting and share sales by executive director Louis Neil Sasse.
- Sasse exercised 1,842,091 options at a deemed price of R 15.51, valuing the transaction at R 28.57 million.
- He sold 835,175 shares at a VWAP of R 16.1693 for R 13.5 million, retaining 1,006,916 shares.
- Major subsidiary director Edward Binedell exercised 682,641 options at R 15.51, valuing the transaction at R 10.59 million.
- Binedell sold 309,433 shares at a VWAP of R 16.1693 for R 5 million, retaining 373,208 shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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