CNL - Control Instruments Group Limited - Share buyback programme
CNL
CNL
CNL - Control Instruments Group Limited - Share buyback programme
CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
JSE Share Code: CNL
ISIN: ZAE000001665
("Control Instruments" or "the Group")
SHARE BUYBACK PROGRAMME
The Board of Control Instruments is pleased to announce that it is implementing
a share buyback programme in terms of the general authority to repurchase shares
obtained at the annual general meeting held on 19 June 2007.
Control Instruments intends to repurchase shares to a total value of
approximately R25 million. The transactions will be effected through the order
book operated by the JSE Limited trading system.
The working capital will be sufficient for the next twelve months and the
repurchases will be financed using the Group`s internal resources.
It is the intention to hold the shares repurchased under this programme in
treasury.
Cape Town
19 December 2007
Sponsor
Investec Bank Limited
Date: 19/12/2007 11:45:04 Produced by the JSE SENS Department.
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