OLG - Onelogix Group Limited - Prohibited period share repurchase programme
OLG
OLG
OLG - Onelogix Group Limited - Prohibited period share repurchase programme
ONELOGIX GROUP LIMITED
(Registration number 1998/004519/06)
Share code: OLG
ISIN: ZAE000026399
("OneLogix" or "the Company")
PROHIBITED PERIOD SHARE REPURCHASE PROGRAMME
Shareholders are advised that the Company has entered into a share repurchase
programme to repurchase its ordinary shares during the prohibited period.
This prohibited period commences on 1 December 2011 and terminates when the
Company releases its interim financial results which is expected to be on or
before 29 February 2012.
In terms of the share repurchase programme, a mandate has been entered into
with a broking firm who has the authority to repurchase shares up to a
maximum aggregate value of R10 million. In addition, shares may not be
repurchased at a price greater than the lower of R1.45 per share or 10% above
the volume weighted average trading price of the Company`s shares over the
five trading days preceding any particular repurchase.
The mandate relating to the repurchase programme is irrevocable and not
capable of amendment once the Company has entered the prohibited period. Any
repurchases will be carried out on the JSE within 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
resolutions of the Company`s shareholders passed at the Company`s annual
general meeting held on Monday, 28 November 2011 and in compliance with the
relevant provisions of the JSE Limited Listings Requirements and the
Companies Act (Act 71 of 2008), as amended.
30 November 2011
Sponsor
Java Capital
Date: 30/11/2011 17:29:01 Produced by the JSE SENS Department.
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