R120m listing payday for 181 Boxer managers, execs
In its 2026 annual report, the group confirms that the first tranche, being 40% of the award, will vest.
Aside from these awards, the two executive directors of Boxer (Masoaja and Wayne) were handed, along with other senior management, “once-off compensation” because they were affected.
Conditions For both this tranche and the next (which is due on 30 November 2027), it has to deliver growth of adjusted trading profit (after leases) – or so-called ‘Atpal’ – of at least CPI a year (average) across the measurement period.
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