Madders Keith, director in Spur sells ZAR26 million shares

Madders Keith

Spur Corporation Limited has disclosed that Madders Keith, a non-executive director in the company has sold off ZAR26 million worth of his shares.

The company disclosed the transaction as below:

In terms of paragraph 3.63 to 3.74 of the JSE Limited (“JSE”) Listing Requirements the following
information is disclosed:

Surname: Madders
First name: Keith
Designation: Non-executive director
Date of transaction: 13 March 2017
Class of securities: Ordinary shares
Amount of securities: 779 372
Price per share: R34
Value of transaction: R26 498 648
Nature of transaction: Disposal on market
Nature of interest: Direct beneficial

Who is Madders Keith?

Mr. Keith Alfred Madders, MBE (British), serves as a Non-Executive Director of Spur Corporation Limited. and served its Deputy Chairman. In 1976 Mr. Madders went to live in London, where he lectured and established various businesses as well as a number of successful charitable organizations working to relieve poverty in Southern Africa.

Mr. Madders was awarded an MBE in the Queen’s 2002 Honours List for services to the Zimbabwe Trust. Mr. Madders studied at University of Cape Town and trained as an investment analyst before launching himself into the music industry.