Stellenbosch, KAP Limited, formerly known as KAP Industrial Holdings Limited, has disclosed dealings in its shares by Daleiwan Investments (Pty) Ltd, an associate of non-executive director JA Holtzhausen, in compliance with the Johannesburg Stock Exchange (JSE) Listings Requirements.
On 28 February 2024, Daleiwan Investments, where Holtzhausen serves as a director, executed an on-market transaction to purchase 338,000 ordinary shares of KAP. The shares were bought at prices ranging from 215 to 225 cents per share, with an average price of 221.95 cents, totaling a transaction value of R750,181.58. This acquisition represents an indirect, beneficial interest of the director in the transactions.
KAP Limited has confirmed that clearance for the transaction was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements, ensuring transparency and adherence to regulatory standards. PSG Capital serves as the sponsor for KAP Limited, overseeing compliance and governance aspects of the company’s operations on the JSE.
This transaction underscores the continuing confidence of KAP’s leadership in the company’s value and prospects, as reflected by the investment activities of its directors’ associates.