Sign in Subscribe
Stock offerings

The Foschini Group Limited Announces Executives' Share Transactions

Strategic Insights

— 2 min read

Shareholders are advised that several key executives of The Foschini Group Limited have undertaken transactions involving the company's securities. These transactions arise from the vesting of shares under the company's 2020 Forfeitable Share Plan. According to the announcement, the executives, including Chief Executive Officer A E Thunstrom and Chief Financial Officer R Buddle, have sold shares worth R7.78 billion.

The transactions involve the sale of ordinary shares, which were previously granted to the executives with time-based restrictions. The shares were sold at prices ranging from R126.40 to R127.68 per share, with an average price of R126.4636 per share. The total value of the transactions is more than R7.78 billion.

The executives who undertook the transactions include A E Thunstrom, R Buddle, S A Baird, G S Naidoo, J L Fisher, S E Morley, and J de Kock, as well as D van Rooyen, the Group Company Secretary. The transactions were undertaken to settle tax obligations arising from the vesting of the shares.

The Foschini Group Limited has also announced that its executives have accepted TFG shares under the FY25 Single Incentive Plan. This plan, which is subject to the rules of the company's 2020 Forfeitable Share Plan, allows the executives to accept shares with a vesting period of three years.

The executives who accepted shares under the FY25 Single Incentive Plan include A E Thunstrom, R Buddle, S A Baird, G S Naidoo, J L Fisher, S E Morley, and J de Kock, as well as D van Rooyen. The total value of the accepted shares is more than R55.6 billion.

The company has obtained the necessary clarification from the JSE sponsor, Rand Merchant Bank.

Key Takeaways:

  • The Foschini Group Limited has announced that several of its executives have sold shares worth R7.78 billion.
  • The shares were sold at prices ranging from R126.40 to R127.68 per share, with an average price of R126.4636 per share.
  • The executives who undertook the transactions include A E Thunstrom, R Buddle, S A Baird, G S Naidoo, J L Fisher, S E Morley, and J de Kock.
  • The transactions were undertaken to settle tax obligations arising from the vesting of the shares.
  • The Foschini Group Limited has also announced that its executives have accepted TFG shares under the FY25 Single Incentive Plan.
  • The FY25 Single Incentive Plan allows the executives to accept shares with a vesting period of three years.
  • The total value of the accepted shares is more than R55.6 billion.

Statistics:

  • Total value of shares sold: R7.78 billion
  • Average price of shares sold: R126.4636 per share
  • Total number of shares sold: 61,483 (A E Thunstrom) to 23,382 (J L Fisher)
  • Total value of shares accepted: R55.6 billion
  • Total number of shares accepted: 153,668 (A E Thunstrom) to 40,837 (J de Kock)
  • Vesting period of shares accepted: Three years

Sources:

  • Johannesburg Stock Exchange company announcement
  • JSE Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
  • The Foschini Group Limited announcement dated 01 July 2025

Read more