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 15 June 2012 and is expected to end at the
close of business on Thursday 16 August 2012, 24 hours after Truworths`
annual financial results for the period ended 1 July 2012 are scheduled to
have been published.
The maximum aggregate consideration payable for the shares to be repurchased
in terms of the repurchase programme is R250 million (two hundred and fifty
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 that have been greed 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 10
November 2011 and in compliance with the relevant provisions of the JSE
Listings Requirements and the Companies Act (71 of 2008), as amended.
Cape Town
15 June 2012
Sponsor
One Capital
Date: 15/06/2012 12:13:01 Produced by the JSE SENS Department.
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