| Mon 4 Jul 2011, 13:00 | | AVI - AVI Limited - Voluntary announcement of repurchase of own shares |
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AVI
AVI
AVI - AVI Limited - Voluntary announcement of repurchase of own shares
AVI Limited
(Incorporated in South Africa)
(Registration number: 1944/017201/06)
ISIN Code: ZAE000049433
JSE Code: AVI
("AVI" or "the Company")
VOLUNTARY ANNOUNCEMENT OF REPURCHASE OF OWN SHARES
Shareholders are advised that AVI has repurchased 8 984 469 of its shares up to
the start of AVI`s closed period on 30 June 2011, in accordance with the general
authority granted by shareholders at the annual general meeting held on 20
October 2010 ("the repurchase"). This authority allows for the repurchase of 34
359 572 shares, being 10% of AVI`s total shares in issue at the time of the
annual general meeting.
Details of the repurchase are as follows:
Number of ordinary shares repurchased 8 984 469
Percentage of issued share capital 2,57%
Total number of ordinary shares in issue after the repurchase 340 123 175
Cost of ordinary shares repurchased* R 269,0 million
Highest price paid per ordinary share* R 30,00
Lowest price paid per ordinary share* R 29,10
Average price paid per ordinary share* R 29,94
* - excluding costs
The shares repurchased are to be delisted. The extent of the authority
outstanding is 25 375 103 shares, equivalent to 7,46% of the current total
shares in issue and is valid until the next annual general meeting, scheduled
for 1 November 2011.
No shares will be purchased during AVI`s closed period which ends on 5 September
2011.
4 July 2011
Illovo, Johannesburg
Sponsor
Standard Bank
Date: 04/07/2011 13:00:01 Produced by the JSE SENS Department.
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