Staff Writer
Bannerman Energy Ltd has announced a change in the shareholding of its executive chairman, Brandon Munro.
The uranium developer said Munro exercised vested performance rights under the company’s employee incentive plan (EIP) before they were due to lapse on 15 November 2025.
A portion of the shares issued from this exercise was sold on the open market to settle tax obligations arising from the transaction.
The company said the move was procedural and in line with the EIP’s terms, reflecting transparent governance at the Australian Securities Exchange (ASX), OTCQX and Namibia Stock Exchange (NSX) listed miner.
Bannerman’s Namibian operations are based in Swakopmund, with IJG Securities as its local sponsor.
OTC is an American financial services corporation that provides price and liquidity information for about 12 400 over-the-counter securities.
Bannerman is developing its 100% owned Etango Uranium Project in the Erongo Region.
In Botswana, Choppies Enterprises Limited reported growing insider confidence after its chief executive officer, Ramachandran Ottapathu, increased his personal shareholding in the retail chain. Ottapathu bought 993,412 ordinary shares on the open market at P0.71 per share, valued at just over BWP705,000.
The purchase, executed on 3 November 2025, was handled by Motswedi Securities on the Botswana Stock Exchange, with PSG Capital acting as sponsor on the Johannesburg Stock Exchange. The move comes as Choppies continues to strengthen its turnaround strategy through operational improvements and steady regional growth.
Meanwhile, Capricorn Group Limited has appointed Louis van der Riet as a non-executive director, effective 4 November. Van der Riet is a chartered accountant with Namibian and South African credentials and has extensive experience from his time at PricewaterhouseCoopers Namibia (PwC), where he served as senior audit partner and oversaw the audit of Capricorn Group.
His appointment, approved by the Bank of Namibia, is expected to enhance the board’s financial oversight and strategic direction. The Capricorn board welcomed van der Riet, saying his knowledge of the group’s operations and the financial sector will support the company’s future growth.
