Africazine:
Blu Label Unlimited Group has made significant moves in the South African stock market.
The telecommunications and technology group reported two key transactions involving its directors. BSC Technologies received 10 million ordinary shares valued at R73.5 million, while director Ms. DA Simba sold 135,611 shares for R992,564.03.
Blu Label’s Major Share Transactions Explained
Blu Label Unlimited Group disclosed two notable transactions in a regulatory filing. BSC Technologies Proprietary Limited, linked to directors Mr. MS Levy and Mr. BM Levy, received 10 million ordinary shares on September 28, 2026. This transaction was valued at R73.5 million, with shares priced at R7.35 each.
The transaction was settled off-market and did not alter the directors’ aggregate indirect beneficial interest in Blu Label. Clearance for this transaction was obtained in advance, adhering to JSE Listings Requirements.
Details on Director Share Sales
In a separate transaction, Ms. DA Simba, a director of Blu Label Distribution Proprietary Limited, sold 135,611 ordinary shares on the same day. The shares were sold at a volume-weighted average price of R7.3192, with prices fluctuating between R7.27 and R7.41.
This transaction totaled R992,564.03 and was conducted on-market. Simba’s interest in these shares was direct and beneficial, and she also secured clearance in advance as per JSE Listings Requirements.
Next Steps for Blu Label
- Monitor the impact of these transactions on market perception.
- Continue compliance with JSE Listings Requirements for future transactions.
Blu Label Unlimited Group is actively managing its share transactions, reflecting strategic moves in the South African market.
