Wrap Text
Dealings in securities by directors of the Company and directors of major subsidiary companies
Araxi Limited
(Previously Capital Appreciation Limited)
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: AXX ISIN: ZAE000208245
('Araxi" or "the Company" or "the Group")
Dealings in securities by directors of the Company and directors of major subsidiary companies
In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders are advised of the
following information relating to dealing in securities by directors of the Company and directors of
major subsidiary companies.
The vesting occurred in terms of the Araxi Conditional Share Plan (previously the Capital
Appreciation Conditional Share Plan). All deliveries of awards occurred off-market.
Name of director : Michael Pimstein
Position and Company : Executive Chairman: Araxi
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 1,886,630 share awards at R1,91 per share
Value of vesting transaction : R3,603,463
Nature and extent of interest : Direct beneficial
Name of director : Bradley Sacks
Position and Company : Chief Executive Officer: Araxi
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 1,886,630 share awards at R1,91 per share
Value of vesting transaction : R3,603,463
Nature and extent of interest : Direct beneficial
Name of director : Michael Shapiro
Position and Company : Executive Director: Araxi
Managing Director: Synthesis Software Technologies
Proprietary Limited
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 1,086,699 share awards at R1,91 per share
Value of vesting transaction : R2,075,595
Nature and extent of interest : Direct beneficial
Name of director : Steyn Basson
Position and Company : Executive Director: Synthesis Software Technologies
Proprietary Limited
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 784,838 share awards at R1,91 per share
Value of vesting transaction : R1,499,041
Nature and extent of interest : Direct beneficial
Name of director : Benjamin Powell
Position and Company : Managing Director: Dashpay Proprietary Limited
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 754,652 share awards at R1,91 per share
Value of vesting transaction : R1,441,385
Nature and extent of interest : Direct beneficial
Name of director : Donn Engelbrecht
Position and Company : Managing Director: Payments Division.
Managing Director: African Resonance Business Solutions
Proprietary Limited
Class of securities : Ordinary shares
Nature of transactions : Automatic vesting of share plan awards
Number of securities vested : 1,086,699 share awards at R1,91 per share
Value of vesting transaction : R2,075,595
Nature and extent of interest : Direct beneficial
All share awards were granted on 8 June 2023.
Vesting of all share awards took place on 12 June 2026.
The necessary clearances have been obtained as required in terms of the JSE Listings Requirements
for all the transactions.
Sandton
15 June 2026
Sponsor: Investec Bank Limited
Date: 15-06-2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
