GIJ - Gijima AST Group Limited - Closed Period Share Repurchase Program
GIJ
GIJ
GIJ - Gijima AST Group Limited - Closed Period Share Repurchase Program
GIJIMA AST GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/021790/06
Share code: GIJ
ZAE000064606
("GijimaAst" or "the Company")
CLOSED PERIOD SHARE REPURCHASE PROGRAM
In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders
are advised that GijimaAst has entered into a repurchase program to repurchase
ordinary shares during a period that will in all likelihood overlap with its
closed period. The closed period commences on 1 January 2010 and should end on
or about 2 March 2010, when the Company`s interim results for the six months
ending 31 December 2009 are scheduled to be released on SENS.
In terms of the repurchase program, RMB Morgan Stanley has been mandated to
repurchase the Company`s ordinary shares in respect of up to 5% of the Company`s
issued share capital. The ordinary shares will be repurchased at a price no
greater than 10% above the weighted average of the market value of ordinary
shares for the 5 days immediately preceding the date of repurchase.
Any repurchases will be effected within certain pre-set limits of the program,
as per the special resolution approved by shareholders at the Annual General
Meeting held on 13 November 2009 and the Listings Requirements of the JSE.
Samrand
22 December 2009
Merchant Bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/12/2009 10:00:01 Produced by the JSE SENS Department.
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