Johannesburg – Famous Brands director John Halamandres
has sold shares in the company worth just more than R1 million.
In a statement to shareholders on Wednesday, the listed
casual dining group disclosed that Halamandres had sold shares in two tranches.
The first was for 2 000 shares at R156 each, while
the second sales was for 5 000 shares at the same price.
Famous Brands’ stock is trading at about R151.88.
Read also: Famous
Brands halts dividends
Halamandres’ transactions tool place on December 29 and
30, the listed company says.
A non executive director, Halamandres was a founding
member of the company and served as MD November 1994 until March 1997, after
which he assumed the role of CEO until his appointment as non-executive deputy chairman
in March 2001, a position he held until May 2010.
In the 6 months to August, the company reported a 17
percent in operating profit to R404 million, but said it would hold back on a
dividend payout.
Famous Brands, the owner of Steers, Mugg & Bean and
Wimpy, bought 6 companies last year including the UK’s Gourmet Burger Kitchen
and Lamberts Bay Foods.
In the half year, the group increased revenue by 23
percent to R2.45 billion, from R2 billion.
Basic earnings per share grew 62 percent to 391 cents
from 242c in the prior corresponding period, while headline earnings per share
increased 71 percent to 411c as compared with 241c.
Famous Brands has a portfolio of 30 brands represented by
a franchise network of 2 626 restaurants across South Africa, the rest of
Africa, the Middle East and the UK.