Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
(Correcting that the share sale was worth R 11.2 million before factoring in the purchase costs of the options, and Suresh didn't net R 11.2 million.)
Gemfields Group Ltd - London-headquartered gemstones supplier - Chandana Venkata Suresh, director of operations for Africa, sells 3.5 million shares at an average R 3.25 apiece after exercising options. The sale is worth R 11.2 million before factoring in the purchase costs of the options. In April, the company said he exercised 783,100 share options at a price of R 2.97 and 2.7 million share options at a price of R 2.30.
The Gemfields director holds 95,600 shares, representing 0.01% of the company.
Johannesburg current stock price: R 3.20, down 1.5% on Thursday
12-month change: up 94%
London current stock price: 16.15 pence, up 0.9% on Thursday
12-month change: up 89%
Copyright 2022 Alliance News Limited. All Rights Reserved.