Stock Exchange News

Elevate Uranium grants employees securities under incentive plan

Elevate Uranium Limited has granted more than 5.4 million performance rights and options to eligible employees under its 2026 Incentives Award Plan.

The company, which is registered as an external company in Namibia, announced on 28 October that it had issued three categories of unlisted securities as part of its employee incentive programme.

These include 1.03 million long-term incentive (LTI) performance rights, 2.8 million LTI options and 1.59 million short-term incentive (STI) performance rights.

The long-term performance rights were granted at no cost, carry no exercise price and are subject to vesting conditions. They expire on 26 October 2030.

The short-term performance rights were granted free of charge, carry no exercise price and are subject to vesting conditions and expire on 26 October 2028.

Performance rights generally give employees the right to receive shares if specified conditions are met, while options give holders the right to acquire shares at a set price, subject to the applicable terms.

The grants are intended for eligible employees under the company’s incentive plan.

Elevate Uranium chief executive and managing director Murray Hill issued the announcement on behalf of the board.

The company’s shares trade on the Australian Securities Exchange under the code EL8 and on the Namibian Securities Exchange (NSX) under the code EL8.

IJG Securities is the company’s NSX sponsor.

Anirep renews caution as negotiations continue

• SHANIA LAZARUS

ALPHA Namibia Industries Renewable Power Limited (Anirep) has renewed its cautionary announcement, warning shareholders that ongoing negotiations could have a material effect on the company’s share price if successfully concluded.

In a notice issued on 27 October, the renewable energy company says discussions were still in progress but did not disclose the parties involved, the subject of the negotiations or when they might be concluded.

The latest notice follows a series of cautionary announcements dating back to August 2021, with the most recent previous notice issued on 15 September this year.

“Shareholders are advised that negotiations are still in progress, which if successfully concluded, may have a material effect on the price of the company’s shares,” the company says.

Anirep advises investors to continue exercising caution when dealing in its shares until a further announcement is made.

The company is listed on the Namibian Securities Exchange under the share code ANE. Cirrus Securities is its sponsor.

Oceana forecasts up to 56% increase in annual earnings

• SHANIA LAZARUS

OCEANA Group expects its annual headline earnings per share to increase by between 46% and 56%, supported by stronger fishmeal and fish oil sales in the United States, improved wild-caught seafood performance and lower interest costs.

In a trading statement issued on 27 October, the seafood group says headline earnings per share for the year ended 30 September 2026 are expected to reach between 825 cents and 880 cents, up from 564.8 cents in the previous financial year.

Earnings per share are forecast to rise by between 45% and 55%, from 562.4 cents to between 815 cents and 870 cents.

The group attributed the expected improvement primarily to higher operating profit and lower interest costs.

Its United States fishmeal and fish oil operations and wild-caught seafood segment recorded stronger performances, supported by higher sales volumes and improved prices.

Lucky Star Foods also made a solid contribution despite limited inventory, helping offset weaker results from the African fishmeal and fish oil segment.

The expected earnings growth comes as the group prepares to release its full-year financial results on or around 26 November.

Oceana, which is listed on the Johannesburg Stock Exchange under the code OCE and on the Namibian Securities Exchange under OCG, says the financial information and forward-looking statements in the trading statement had not been reviewed or reported on by its auditors.

The trading statement was issued in Cape Town on 27 October.