TRU - Truworths International Limited - Prohibited Period Share Repurchase
TRU
TRU
TRU - Truworths International Limited - Prohibited Period Share Repurchase
Programme
TRUWORTHS INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
ISIN: ZAE000028296
JSE Code: TRU; NSX Code TRW
("Truworths" or "the company")
PROHIBITED PERIOD SHARE REPURCHASE PROGRAMME
Truworths advises interested parties that it has concluded a mandate with a
certain broking firm to effect the repurchase of Truworths shares on behalf of a
subsidiary of the company during the company`s upcoming prohibited period ("the
repurchase programme"). The prohibited period will commence at the close of
business on Friday 17 June 2011 and is expected to end at the close of business
on Friday 19 August 2011, 24 hours after Truworths` annual financial results for
the period ended 26 June 2011 are scheduled to have been published.
The maximum aggregate consideration payable for the shares to be repurchased in
terms of the repurchase programme is R155 million (one hundred and fifty five
million rand).
The mandate relating to the repurchase programme is irrevocable, and any
repurchases made pursuant thereto will be carried out on the JSE within certain
predetermined parameters agreed in writing with the broking firm. Any
repurchases so effected will further be in accordance with the general authority
granted by special resolution of the company`s shareholders passed at the
company`s annual general meeting held on 4 November 2010 and in compliance with
the relevant provisions of the JSE Limited Listings Requirements and the
Companies Act (71 of 2008), as amended.
Cape Town
17 June 2011
JSE Sponsor
One Capital
NSX Sponsor
Old Mutual Investment Services (Namibia) (Proprietary) Limited
Date: 17/06/2011 16:14:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
