EQS\EQS01\EQS02\ EQS04 - Eqstra Holdings Limited - Closed period Share
EQS
EQS
EQS\EQS01\EQS02\ EQS04 - Eqstra Holdings Limited - Closed period Share
Repurchase Programme
EQSTRA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/011672/06)
ISIN: ZAE000117123
JSE share code: EQS, EQS01, EQS02, EQS04
("Eqstra" or "the Company")
CLOSED PERIOD SHARE REPURCHASE PROGRAMME
In terms of the general authority to repurchase shares granted by shareholders
on 16 November 2011, by special resolution, Eqstra has subsequently repurchased
approximately nine million ordinary shares to date, equating to two percent of
issued share capital.
In compliance with the JSE Limited ("JSE") Listings Requirements, shareholders
are advised that Eqstra has entered into a repurchase programme to repurchase
shares during its closed period. This period commences on 30 June 2012 and ends
on 21 August 2012 when the Company`s results are scheduled to be released on
SENS.
The maximum aggregate consideration payable for the shares to be repurchased in
terms of the repurchase programme is R70 million (seventy 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 agreed in writing with the broker firm.
Any repurchases so effected will further be in accordance with the general
authority granted by special resolution by shareholders and in compliance with
the relevant provisions of the JSE Listings Requirements and the Companies Act
(71 of 2008), as amended.
Johannesburg
29 June 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/06/2012 11:10:01 Produced by the JSE SENS Department.
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