Bruce Whitfield
Marinus Daling has sold off a third tranche of Sanlam shares in six months, taking to almost R4-million the amount of money he’s raised via share options since November last year.
This time the Sanlam chair sold 143 087 shares at R9,38, netting R1,34-million.
On November 8 last year he sold 61000 shares for a little more than R504 000, and in mid-December he raised another R2,15-million through selling 250 000 shares.
In terms of a change to the JSE Securities Exchange regulations, all directors of companies listed on the JSE have been required to disclose personal dealings in their own company’s shares as of October 1 last year.
Daling has been back at work and has made numerous public appearances since being hospitalised last September, when he was treated for stomach cancer and had a tumour surgically removed.
His illness forced him to lessen his workload and in November he announced he was stepping down from the board at Absa, and also revealed toward the end of last year that he was looking for a successor to take on the role of Sanlam CEO. Santam’s Leon Vermaak was appointed and officially begins work at the company on Wednesday.
Daling remains in his post as executive chair.