AFT - Afrimat Limited - Closed period share repurchase Programme
AFT
AFT
AFT - Afrimat Limited - Closed period share repurchase Programme
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
("Afrimat" or "the Company")
CLOSED PERIOD SHARE REPURCHASE PROGRAMME
Shareholders are hereby advised that Afrimat has, via its subsidiary
company, granted a mandate for the repurchase of its ordinary shares during
its closed period. This period commences on 1 September 2011 and terminates
on or about 3 November 2011 when the Company is scheduled to publish its
interim results.
The mandate has been entered into with a single agent who has full
discretion in executing the Repurchase Programme. The intention is to
repurchase a maximum of 5 million Afrimat shares for an aggregate
consideration not exceeding R17.5 million. Any repurchase of shares may not
be executed at a price greater than 10% above the weighted average traded
price for Afrimat ordinary shares for the five business days immediately
preceding the date on which any such repurchase is effected.
Cape Town
31 August 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 31/08/2011 07:05:02 Produced by the JSE SENS Department.
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