MAS - repurchase and clarification on offer
MAS P.L.C. ("MAS", JSE code: "MAS") announced it repurchased 21 162 295 shares between 14 October and 14 November 2025, at an average price of 2114.34 per share, costing approximately R444.75 million. This buyback, funded from available cash, now holds 37 749 201 shares in treasury, representing 5.40% of issued shares. The repurchase did not impact MAS’s ability to meet financial obligations or its assets and liabilities. Shareholders are advised that, following the buyback, PK Investments Ltd. and related parties now hold over 50% of the shares, but no mandatory bid obligation under Article 41 of the Articles of Association has arisen, nor has a "Change of Control Put Event" been triggered under the 2029 bond terms. The transaction complies with all relevant regulations.
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