AFT - Afrimat - Closed Period Share Repurchase Programme
AFT
AFT
AFT - Afrimat - 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 March 2012 and terminates on or about 10 May
2012 when the Company is scheduled to publish its year end 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 R27.5
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
29 February 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 29/02/2012 07:05:02 Produced by the JSE SENS Department.
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