has sold shares in the Cape Town-based company for close to R1bn. On Wednesday, the JSE-listed company said Van Dijk had exercised stock appreciation rights in the Naspers Global Ecommerce Share Appreciation Rights plan, receiving 414,932 Naspers N ordinary shares in settlement of the gain. He recently sold that stock for R2,400 per share for R995.8m.
Naspers remuneration policy has been criticised in the past for being opaque and unjustified. Shareholders and other critics felt executives were largely benefiting from an appreciation in Naspers share price which has been mostly driven by its 31% stake in Chinese internet giant Tencent.
I wonder what he'll do to help the ease the plight of the less privileged ......of course he has no obligation to do anything.....
Turn around strategy!!💪
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