|
|
Ethoscap - pro rata share repurchase
Ethos Capital announced a pro rata share repurchase following its transaction to dispose of Residual Assets and a partial sell-down of its investment in Channel VAS Investments Ltd. t/a Optasia. The company will repurchase approximately 41.5% of its issued A ordinary shares, amounting to around R860.5 million, at R8.10 per share, funded from proceeds of the transaction and Optasia sell-down. The repurchase aims to return capital to shareholders on a pro rata basis, with the shares to be cancelled and delisted from the JSE. The process is subject to regulatory approvals, with key dates including the record date of 6 March 2026 and payment on 9 March 2026.
The salient dates for implementation of the repurchase are set out below.
- Ethos Capital releases a declaration announcement regarding the repurchase on SENS on Friday, 13 February 2026
- Ethos Capital releases a finalisation announcement in relation to the repurchase before 11:00 on Wednesday, 25 February 2026
- Last day to trade Ethos Capital shares to participate in the repurchase on Tuesday, 3 March 2026
- Ethos Capital shares trade "ex" the entitlement to participate in the repurchase on Wednesday, 4 March 2026
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
