EXEMPLAR REITAIL LIMITED - Dealings in securities by an associate of a director
What this filing means
The John McCormick Family Trust sold 11 507 Exemplar REITail shares on-market over four sessions between 14 and 19 October 2026, at R23.00 and R23.50 a share, for a combined R268 860.50. John McCormick is a trustee of the trust and he and Jason McCormick are beneficiaries, so the sales are disclosed as dealings by an associate of a director. The filing gives no reason for the sales and no context on the trust's holding.
A family trust connected to two Exemplar directors sold 11 507 shares in the open market over four days at R23.00 and R23.50, for a combined R268 860.50. The notice gives no reason for the sales, so there is nothing here to read as a view on the business. It is a disclosure obligation being met, not a signal about where the share is going.
Bear case
- The filing states no reason for the sales, so the motive behind the trust's disposals cannot be assessed.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A small, cleanly disclosed insider sale with no stated motive and no economic content beyond the trade itself. The five legs total 11 507 shares for R268 860.50 at R23.00 and R23.50 — modest sums, and the filing gives no reason for the sales, so it cannot be read as a view on Exemplar's prospects either way. This is administrative disclosure, not a conviction signal. So what: nothing changes in the investment case; the next real test is the half-year results and whether distributable earnings keep pace with the FY2026 dividend growth.
The half-year results are where the market will test whether distributable earnings still cover the dividend at the FY2026 pace.
Evidence from the filing
The filing gives no reason for the sales.
“Nature of transaction: On-market sale of shares”
The relationship that triggers disclosure.
“John McCormick and Jason McCormick, who are beneficiaries of the JMFT. John McCormick is a trustee of the JMFT.”
Scale of the largest single leg.
“Total value of transaction: R76 163.50”
More on Exemplar REITail Limited
Related filings
More from EXP
- EXEMPLAR REITAIL LIMITED - Dealings in securities by an associate of a director
- EXEMPLAR REITAIL LIMITED - Dealings in securities by directors and the company secretary
- EXEMPLAR REITAIL LIMITED - Results of annual general meeting
- EXEMPLAR REITAIL LIMITED - Availability of integrated report, notice of annual general meeting and B-BBEE annual compliance report
- EXEMPLAR REITAIL LIMITED - Notification of change of auditor
Other Director Dealings
- BTIBRITISH AMERICAN TOBACCO PLC - Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
- FFBFORTRESS REAL ESTATE INVESTMENTS LIMITED - Dealings in securities by directors and by the company secretary
- ISOASP ISOTOPES INC - Form 4 statement of changes in beneficial ownership
- ISOASP ISOTOPES INC - Form 144 report of proposed sale of securities
- CLHCITY LODGE HOTELS LIMITED - Dealings in Securities by Group Company Secretary