Reconnaissance Energy Africa Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NMSE:REC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
19 Jan 26	BuyR25,989,326	Sohmen Family Foundation	Company	2,315,780	R11.22
19 Jan 26	BuyR112,227	Mark Friesen	Individual	10,000	R11.22
19 Jan 26	BuyR561,135	William Aylesworth	Individual	50,000	R11.22
19 Jan 26	BuyR112,227	Brian Reinsborough	Individual	10,000	R11.22
19 Jan 26	BuyR236,799	Diana McQueen	Individual	21,100	R11.22
19 Jan 26	BuyR59,480	Christopher Sembritzky	Individual	5,300	R11.22
19 Jan 26	BuyR59,480	Donald Harder	Individual	5,300	R11.22
19 Jan 26	BuyR59,480	Adam Rubin	Individual	5,300	R11.22
04 Dec 25	SellR1,656,358	Dilek Kuban	Individual	200,000	R8.28
29 Sep 25	BuyR62,508	Brian Reinsborough	Individual	8,400	R7.44
29 Sep 25	BuyR16,988,657	Sohmen Family Foundation	Company	2,283,000	R7.44
17 Jun 25	BuyR991,166	William Aylesworth	Individual	150,000	R6.61
17 Jun 25	BuyR1,321,554	Brian Reinsborough	Individual	200,000	R6.61
17 Jun 25	BuyR364,749	Nicholas Steinsberger	Individual	55,200	R6.61
17 Jun 25	BuyR264,311	Carlos Escribano	Individual	40,000	R6.61
17 Jun 25	BuyR330,389	Diana McQueen	Individual	50,000	R6.61
17 Jun 25	BuyR364,749	Christopher Sembritzky	Individual	55,200	R6.61
17 Jun 25	BuyR660,777	Joseph Davis	Individual	100,000	R6.61
17 Jun 25	BuyR132,155	Donald Harder	Individual	20,000	R6.61
17 Jun 25	BuyR112,332	Adam Rubin	Individual	17,000	R6.61
17 Jun 25	BuyR27,356,177	Sohmen Family Foundation	Company	4,140,000	R6.61

Insider Trading Volume

Insider Buying: REC insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of REC?
Owner Type	Number of Shares	Ownership Percentage
Institutions	568,000	0.15%
Individual Insiders	3,155,878	0.831%
Private Companies	26,338,780	6.93%
General Public	349,773,179	92.1%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 43%.

Top Shareholders

Top 17 shareholders own 7.91% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.93%	Sohmen Family Foundation	26,338,780	R253.5m	9.64%	no data
0.29%	Brian Reinsborough	1,111,257	R10.7m	0.91%	no data
0.23%	Nicholas Steinsberger	858,100	R8.3m	0%	no data
0.13%	Universal Investment GmbH	485,000	R4.7m	0%	no data
0.061%	Joseph Davis	230,000	R2.2m	0%	no data
0.056%	Christopher Sembritzky	211,600	R2.0m	2.57%	no data
0.053%	William Aylesworth	200,000	R1.9m	33.3%	no data
0.042%	Carlos Escribano	160,000	R1.5m	0%	no data
0.041%	Adam Rubin	156,300	R1.5m	3.51%	no data
0.023%	Diana McQueen	87,100	R838.2k	32%	no data
0.015%	Dilek Kuban	55,721	R536.3k	-78.2%	no data
0.011%	First National Trust Company	40,000	R384.9k	0%	no data
0.011%	Mark Friesen	40,000	R384.9k	33.3%	no data
0.0093%	Donald Harder	35,300	R339.6k	17.7%	no data
0.0061%	WesBanco Investment Department	23,000	R221.5k	0%	no data
0.0053%	Miller Wealth Advisors, LLC	20,000	R192.6k	0%	no data
0.0028%	Grayson Andersen	10,500	R100.9k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/09 05:44
End of Day Share Price	2026/02/06 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Reconnaissance Energy Africa Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher Jones	Haywood Securities Inc.