BSS - BSI Steel Limited - Programme Relating To The General Repurchase Of
BSS
BSS
BSS - BSI Steel Limited - Programme Relating To The General Repurchase Of
Securities During A Prohibited Period
BSI STEEL LIMITED
(formerly BSI(SA) Limited)
Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
("BSI Steel" or "the company")
PROGRAMME RELATING TO THE GENERAL REPURCHASE OF SECURITIES DURING A PROHIBITED
PERIOD
Shareholders are advised that in terms of paragraph 5.72(g) of the Listings
Requirements of the JSE Limited, BSI Steel intends to repurchase its own shares
during a prohibited period (as defined in paragraph 3.67 of the JSE Listings
Requirements) as follows:
Start of prohibited period: 31 March 2009
Close of prohibited period: On release of the company`s year end
results for the 12 months ended 31
March 2009
Quantity of shares to be Maximum of 10 million (i.e. 1.4% of
repurchased: the current shares in issue)
Price range of shares to be Up to a maximum average price of 90
repurchased cents per share
Weighted average market value of 75 cents
BSI Steel shares on the JSE for the
five days prior to 24 March 2009
The repurchase of the shares will be effected through the order book operated by
the JSE trading system and done without any prior understanding or arrangement
between the company and the counter party.
The shares will be repurchased by a subsidiary and held as treasury stock.
25 March 2009
Designated Adviser
Vunani Corporate Finance
Date: 25/03/2009 15:08:09 Produced by the JSE SENS Department.
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