Four Capricorn Group and Bank Windhoek officials sold a combined 211 935 ordinary shares worth about N$6.42 million in off-market transactions on 15 October.
Capricorn Group director Johan Maass sold 56 164 shares at N$30.30 each, valued at N$1.70 million.
Bank Windhoek directors James Chapman and Zenaune Kamberipa sold 100 000 and 51 373 shares, respectively. Their transactions were valued at N$3.03 million and N$1.56 million.
Capricorn Group company secretary Hellmut von Ludwiger also sold 4 398 shares for N$133 259.40.
All four transactions were conducted off-market at N$30.30 per share, and the company has confirmed that the required clearance had been obtained.
The disclosures were made in accordance with the Namibia Securities Exchange’s listing requirements.
The notices did not state the reasons for the sales or identify the buyers.
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