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Top Nedbank Executives Sell Shares in Recent Transactions

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Several top executives at Nedbank Group Limited have recently engaged in significant transactions involving the sale of ordinary shares. The transactions, disclosed in compliance with the Listings Requirements of the JSE Limited, include sales by I Ruggiero, A Bosman, TG Sibiya, J Katzin, and MH Davis.

I Ruggiero, the Group Managing Executive of Nedbank Wealth, sold a total of 8,613 shares on June 18, 2024, with a volume-weighted average price per share of R263.5093. The total value of this transaction amounted to R2,269,605.60.

A Bosman, the Group Managing Executive of Corporate & Investment Banking, conducted a sale of 40,000 shares on June 19, 2024. The volume-weighted average price for these shares was R269.10, resulting in a total value of R10,764,000.

TG Sibiya, the Group Managing Executive of Nedbank Africa Regions, sold 5,700 shares on June 19, 2024, at a price of R269.70 per share, totaling R1,537,290. J Katzin, the Company Secretary, sold 7,550 shares on June 18, 2024, at a price of R265.00 per share, amounting to R2,000,750.00.

MH Davis, the Chief Financial Officer, engaged in a transaction on June 19, 2024, selling 40,000 shares with a volume-weighted average price of R268.6385. The total value of this transaction was R10,745,540.00. All transactions were executed on the market and the executives had obtained clearance to deal.

The disclosures shed light on the recent activities of senior executives at Nedbank Group Limited, a prominent financial institution based in Sandton, South Africa.

Rachel Adams

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