Attacq Management

Management criteria checks 4/4

Attacq's CEO is Jackie van Niekerk, appointed in May 2021, has a tenure of 5.92 years. total yearly compensation is ZAR8.11M, comprised of 53.7% salary and 46.3% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth ZAR4.57M. The average tenure of the management team and the board of directors is 2.7 years and 6.2 years respectively.

Key information

Jackie van Niekerk

Chief executive officer

R8.1m

Total compensation

CEO salary percentage	53.7%
CEO tenure	3yrs
CEO ownership	0.06%
Management average tenure	2.7yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jackie van Niekerk's remuneration changed compared to Attacq's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R583m
Sep 30 2023	n/a	n/a	R552m
Jun 30 2023	R8m	R4m	R520m
Mar 31 2023	n/a	n/a	R597m
Dec 31 2022	n/a	n/a	R674m
Sep 30 2022	n/a	n/a	R927m
Jun 30 2022	R7m	R4m	R1b
Mar 31 2022	n/a	n/a	R1b
Dec 31 2021	n/a	n/a	R1b
Sep 30 2021	n/a	n/a	R705m
Jun 30 2021	R4m	R3m	R154m
Mar 31 2021	n/a	n/a	-R2b
Dec 31 2020	n/a	n/a	-R4b
Sep 30 2020	n/a	n/a	-R4b
Jun 30 2020	R4m	R3m	-R4b
Mar 31 2020	n/a	n/a	-R2b
Dec 31 2019	n/a	n/a	-R684m
Sep 30 2019	n/a	n/a	-R643m
Jun 30 2019	R3m	R2m	-R603m
Mar 31 2019	n/a	n/a	R929m
Dec 31 2018	n/a	n/a	R2b
Sep 30 2018	n/a	n/a	R3b
Jun 30 2018	R3m	R3m	R3b

Compensation vs Market: Jackie's total compensation ($USD440.35K) is below average for companies of similar size in the ZA market ($USD936.71K).

Compensation vs Earnings: Jackie's compensation has been consistent with company performance over the past year.

CEO

Jackie van Niekerk (40 yo)

3yrs

Tenure

R8,113,000

Compensation

Ms. Jacqueline Rouxanne van Niekerk, also known as Jackie, was Non-Executive Director of Grit Real Estate Income Group. She serves as Chief Executive Officer at Attacq Limited since May 1, 2021. She joined...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jacqueline van Niekerk	CEO & Executive Director	3yrs	R8.11m	0.063% ZAR 4.6m
Rajesh Nana	CFO & Director	5.9yrs	R6.20m	0.090% ZAR 6.5m
Peter de Villiers	Chief Investment Officer	10.8yrs	R2.97m	no data
Debbie Theron	Head of Property & Asset Management of Mixed Use and Commercial	no data	R3.03m	no data
Leemisa Tsolo	Head of Asset Management - Retail	2.3yrs	R1.14m	no data
Michael Clampett	Property & Asset Management Executive	no data	R2.98m	no data
David Oosthuizen	Development Executive	no data	R2.72m	no data
Brenda Botha	Head of Investor Relations	no data	no data	no data
Lourens Toit	Head of Sustainability	2yrs	no data	no data
Wyna Modisapodi	Company Secretary	1.9yrs	no data	no data

2.7yrs

Average Tenure

41yo

Average Age

Experienced Management: ATT's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jacqueline van Niekerk	CEO & Executive Director	5.9yrs	R8.11m	0.063% ZAR 4.6m
Rajesh Nana	CFO & Director	10.1yrs	R6.20m	0.090% ZAR 6.5m
Stewart Shaw-Taylor	Independent Non-Executive Director	11.5yrs	R804.00k	no data
Johannes Hendrick van der Merwe	Independent Non-Executive Director	16yrs	R575.00k	0.32% ZAR 22.9m
Ipeleng Mkhari	Independent Non-Executive Director	6.2yrs	R505.00k	no data
Thabo Leeuw	Independent Non-Executive Director	3.3yrs	R566.00k	no data
Gustav Rohde	Independent Non-Executive Director	1.3yrs	R226.00k	no data
Pierre Tredoux	Independent Non-Executive Chairman	19.3yrs	R824.00k	0.0040% ZAR 285.1k
Hellen El Haimer	Lead Independent Non-Executive Director	10.8yrs	R675.00k	no data
Allen Swiegers	Independent Non-Executive Director	3.3yrs	R721.00k	no data
Fikile F. De Buck	Independent Non-Executive Director	1.3yrs	R306.00k	no data

6.2yrs

Average Tenure

60yo

Average Age

Experienced Board: ATT's board of directors are considered experienced (6.2 years average tenure).

Attacq Management

Management criteria checks 4/4

Key information

Recent management updates

CFO & Director exercised options to buy R4.6m worth of stock.

Attacq Limited Announces Board Changes

Attacq Limited Announces Board Changes, Effective on February 1, 2023

Attacq Limited, Annual General Meeting, Nov 17, 2022

Attacq Limited, Annual General Meeting, Nov 18, 2021

Attacq Limited Appoints Thabo Patrick Leeuw as Independent Non-Executive Director

Recent updates

Price target decreased by 7.2% to R10.00

First half 2024 earnings released: FFO per share: R0.4 (vs R0.47 in 1H 2023)

First half dividend of R0.30 announced

PK Investments Limited reached agreement to acquire a 6.70856% stake in MAS P.L.C. (JSE:MSP) from Attacq Limited (JSE:ATT) for approximately ZAR 780 million.

Price target increased by 8.3% to R10.78

Attacq Limited to Report Fiscal Year 2024 Results on Sep 10, 2024

CFO & Director exercised options to buy R4.6m worth of stock.

Attacq Limited Announces Board Changes

Full year 2023 earnings released: EPS: R0.74 (vs R1.67 in FY 2022)

Attacq Limited Expects Final DPS for the Financial Year Ended 30 June 2023

Attacq Limited to Report Fiscal Year 2023 Results on Sep 28, 2023

The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited (JSE:ATT) for ZAR 2.4 billion.

Upcoming dividend of R0.29 per share at 6.7% yield

First half 2023 earnings released: FFO per share: R0.5 (vs R0.29 in 1H 2022)

Price target increased by 21% to R9.50

Investor sentiment improves as stock rises 17%

Attacq Limited Announces Board Changes, Effective on February 1, 2023

Coronation Asset Management Proprietary Limited on behalf of its client acquired an unknown stake in Attacq Limited (JSE:ATT).

Now 21% undervalued

Now 21% undervalued

Price target decreased to R7.85

Price target decreased to R7.85

Upcoming dividend of R0.50 per share

Attacq Limited, Annual General Meeting, Nov 17, 2022

An unknown buyer acquired an unknown stake in Attacq Limited (JSE:ATT) from Lisinfo 222 Investments (Pty) Ltd.

Company Secretary Anda Matwa has left the company

Full year 2021 earnings released: EPS R0.22 (vs R5.35 loss in FY 2020)

Attacq Limited's Ordinary Shares to Be Deleted from Other OTC

CEO & Executive Director Melt Hamman has left the company

First half 2021 earnings released: FFO R0.31 per share (vs R0.57 in 1H 2020)

Attacq Limited, Annual General Meeting, Nov 18, 2021

Attacq Limited to Report Fiscal Year 2021 Results on Sep 14, 2021

Attacq Limited Appoints Thabo Patrick Leeuw as Independent Non-Executive Director

New 90-day high: R5.21

Attacq Limited Appoints Jacqueline Van Niekerk as Chief Executive Officer with Effect from 1 May 2021

Attacq Limited Appoints Allen Edwin Swiegers as Independent Non-Executive Director and Member of the Audit and Risk Committee

Price target lowered to R5.66

Attacq Limited Approves Retirement Mr. B Nagle as Director

Attacq Limited Announces Resignation of Melt Hamman as Chief Executive Officer

Attacq Limited Does Not Provide Guidance for the Financial Year Ending 30 June 2021

New 90-day low: R3.65

New 90-day low - R3.80

New 90-day low - R3.89

The underlying clients of Ninety One SA Proprietary Limited acquired an unknown additional minority stake in Attacq Limited (JSE:ATT).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age