Shoprite proposes 525,000-share CEO award tied to six-year performance targets

• Shoprite Holdings seeks shareholder support for its FY2027-FY2029 remuneration policy and a proposed CEO ESP Award of 525,000 forfeitable shares.
• The CEO award has a six-year performance period, with no vesting before 2032 and a two-year post-vesting lock-in.
• Financial conditions carry 70% weighting, targeting cumulative market-share growth of 8.5% and annual total shareholder returns of 12.5%.
• The FY2027-FY2029 ESP cycle raises maximum vesting to 120% from 100%, with more demanding return-on-capital and earnings-growth targets.
• FY2026 incentive outcomes reached 108.3% for short-term awards and 100% for the three-year ESP cycle.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shoprite Holdings Ltd. published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.