THE FOSCHINI GROUP LIMITED - Implementation of share repurchase agreement
TFG 201302260036A
Implementation of share repurchase agreement
THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466
Implementation of share repurchase agreement
As announced on 3 September 2012 and again on 30 November
2012, shareholders of the company approved a specific
repurchase of 12 000 000 ordinary shares from its subsidiary
Foschini Stores (Proprietary) Limited at the Company’s
Annual General Meeting held on 3 September 2012.
Shareholders are now advised that the parties have agreed an
implementation date of the specific repurchase of
26 February 2013 at a purchase price of R119.39 per share
(being the weighted average traded price for the 30 business
days prior to the implementation date). The total
consideration of R1 432 680 000 will be discharged by way of
inter company loans.
The Company will deal with the necessary formalities,
including notifying the relevant regulatory authorities as
required by the Companies Act. As soon as practically
possible the repurchased shares will be cancelled and
restored to authorised share capital.
Cape Town
26 February 2013
SPONSOR
UBS South Africa (Pty) Ltd
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