Oceana Group Management

Management criteria checks 3/4

Oceana Group's CEO is Neville Brink, appointed in Feb 2022, has a tenure of 2.33 years. total yearly compensation is ZAR18.89M, comprised of 34.5% salary and 65.5% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth ZAR1.39M. The average tenure of the management team and the board of directors is 2.4 years and 4.6 years respectively.

Key information

Neville Brink

Chief executive officer

R18.9m

Total compensation

CEO salary percentage	34.5%
CEO tenure	2.3yrs
CEO ownership	0.02%
Management average tenure	2.4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Neville Brink's remuneration changed compared to Oceana Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	R1b
Dec 31 2023	n/a	n/a	R1b
Sep 30 2023	R19m	R7m	R973m
Jun 30 2023	n/a	n/a	R976m
Mar 31 2023	n/a	n/a	R979m
Dec 31 2022	n/a	n/a	R867m
Sep 30 2022	R9m	R3m	R755m

Compensation vs Market: Neville's total compensation ($USD1.04M) is about average for companies of similar size in the NA market ($USD884.05K).

Compensation vs Earnings: Neville's compensation has increased by more than 20% in the past year.

CEO

Neville Brink (64 yo)

2.3yrs

Tenure

R18,889,000

Compensation

Mr. Neville Donovan Brink served as the Managing Director of Blue Continent Products at Oceana Group Limited since February 1, 2011 until June 2022 and also served as its Interim Chief Executive Officer si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Neville Brink	CEO & Executive Director	2.3yrs	R18.89m	0.016% ZAR 1.4m
Zafar Mahomed	CFO & Executive Director	1.3yrs	R11.55m	no data
Bronwynne Bester	Chief People Officer	3.9yrs	no data	no data
Suleiman Salie	Managing Director	13.5yrs	no data	no data
Lourens de Waal	Managing Director of Lucky Star Marketing & Sales	8.1yrs	no data	no data
Jayesh Jaga	Chief ESG Officer & Group Company Secretary	less than a year	no data	no data
Ina Botha	Managing Director of Blue Continent Products - Africa Operations	2yrs	no data	no data
Bjorn Kwak	President of Daybrook Fisheries	2.5yrs	no data	no data

2.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: OCG's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Neville Brink	CEO & Executive Director	2.3yrs	R18.89m	0.016% ZAR 1.4m
Zafar Mahomed	CFO & Executive Director	1.3yrs	R11.55m	no data
Mustaq Enus-Brey	Non-Executive Chairman	29.4yrs	R1.13m	no data
Nomahlubi Simamane	Independent Non Executive Director	14.8yrs	R715.00k	no data
Peter Golesworthy	Independent Non-Executive Director	3.2yrs	R698.00k	no data
Peter de Beyer	Lead Independent Director	16.1yrs	R853.00k	no data
Thoko Mokgosi-Mwantembe	Independent Non-Executive Director	3.2yrs	R633.00k	no data
Aboubakar Jakoet	Independent Non-Executive Director	4.6yrs	R760.00k	no data
Nisaar Ahmed Pangarker	Non Executive Director	5.3yrs	R552.00k	no data
Lesego Sennelo	Non-Executive Director	5.3yrs	R673.00k	no data
Poovendhri Viranna	Independent Non-Executive Director	less than a year	no data	no data

4.6yrs

Average Tenure

65yo

Average Age

Experienced Board: OCG's board of directors are considered experienced (4.6 years average tenure).

Oceana Group Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

Oceana Group Limited Announces Appointment of Poovendhri (Pooven) Viranna as Independent Non-Executive Director

Oceana Group Limited Announces Company Secretary Changes

Oceana Group Limited, Annual General Meeting, Apr 06, 2023

High number of new directors

High number of new directors

Recent updates

Upcoming dividend of R1.95 per share

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

Final dividend increased to R1.95

High number of new directors

Oceana Group Limited Announces Appointment of Poovendhri (Pooven) Viranna as Independent Non-Executive Director

Upcoming dividend of R3.05 per share at 6.3% yield

Oceana Group Limited Announces Final Cash Dividend for the Year Ended 30 September 2023, Payable on 27 December 2023

Full year 2023 earnings released: EPS: R8.03 (vs R6.22 in FY 2022)

Oceana Group Limited Announces Final Cash Dividend for the Year Ended 30 September 2023, Payable on 27 December 2023

Oceana Group Limited Provides Earnings Guidance for the Year Ended 30 September 2023

Now 21% undervalued

Oceana Group Limited Provides Earnings Guidance for the Year Ending 30 September 2023

Oceana Group Limited to Report Fiscal Year 2023 Results on Nov 27, 2023

Oceana Group Limited Announces Company Secretary Changes

Upcoming dividend of R1.30 per share at 5.9% yield

First half 2023 earnings released: EPS: R3.19 (vs R1.20 in 1H 2022)

Now 22% undervalued

Now 21% undervalued

Oceana Group Limited, Annual General Meeting, Apr 06, 2023

Now 20% undervalued

Upcoming dividend of R2.91 per share

Full year 2022 earnings released: EPS: R6.22 (vs R5.71 in FY 2021)

Now 20% undervalued

High number of new directors

African Infrastructure Investment Managers (Pty) Ltd. agreed to acquire Commercial Cold Storage Group (Pty) Limited from Oceana Group Limited (JSE:OCE).

High number of new directors

Investor sentiment deteriorated over the past week

Upcoming dividend of R0.55 per share

First half 2022 earnings released

Oceana Group Limited to Report Fiscal Year 2022 Final Results on Dec 15, 2022

Oceana Group Limited, Annual General Meeting, May 05, 2022

Upcoming dividend of R2.48 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Oceana Group Limited Announces Resignation of Adela Fortune as Company Secretary, Effective March 15, 2022

Oceana Group Limited Appoints Ralph Buddle as Interim CFO

Oceana Group Limited Announces the Resignation of Imraan Soomra as Executive Director

Oceana Group Limited Announces Suspension of Hajra Karrim as Chief Financial Officer

Lead Independent Director Saamsoodein Pather has left the company

Upcoming dividend of R1.10 per share

First half 2021 earnings released: EPS R2.84 (vs R2.50 in 1H 2020)

Oceana Group Limited Declares Interim Dividend in Respect of the Period Ended March 31, 2021, Payable on July 5, 2021

Oceana Group Limited(JSE:OCE) dropped from FTSE All-World Index (USD)

Oceana Group Limited, Annual General Meeting, Mar 24, 2021

New 90-day high: R69.00

Revenue beats expectations

Full year 2020 earnings released: EPS R6.51

Oceana Group Limited Announces Chief Financial Officer Changes

New 90-day high: R66.01

New 90-day low: R60.00

New 90-day low - R62.40

Oceana Group Limited to Report Fiscal Year 2020 Final Results on Dec 03, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age