Blackstar: Bonamour lifts stake to 10.04%

Blackstar Group non-executive director Andrew Bonamour had received 361 980 shares for R11.50 a share in a long-term share incentive scheme offer by the company, it said yesterday. The shares are subject to a lock-up for three years. Following the deal Bonamour holds 8.1 million ordinary shares representing a 10.04 percent interest in the investment holding company, which is incorporated in Malta. Bonamour founded Blackstar and is also chief executive of Times Media Group, in which Blackstar holds a 32.3 percent stake. Last Thursday Blackstar reported a R78 million increase in revenue to R261m for last year and operating profit of R184m compared with R119.3m previously. Blackstar shares were untraded on the JSE’s AltX yesterday, closing the day at R12.75. - Asha Speckman