MORVEST BUSINESS GROUP LIMITED - Share buy back programme
MOR 201305300055A
Share buy back programme
MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: MOR ISIN code: ZAE000152567
(“Morvest” or “the Company”)
Closed Period Share Repurchase Programme
Morvest announces that an agreement has been entered into in relation to
the purchase of its shares by a subsidiary company during its closed
period, which commences on 1 June 2013 and ends on 31 August 2013 when the
company's results are expected to be published.
The maximum number of shares to be repurchased during this period is 20
million for an aggregate consideration of R3 400 000.
The mandate in the agreement is for an irrevocable, non-discretionary
programme to purchase the Company's shares. Any purchases will be effected
within certain pre-set parameters within the limits of the programme, the
Listings Requirements of the JSE Limited, the Companies Act and the
special resolution passed by Morvest shareholders at the Annual General
Meeting held on 29 November 2012.
31 May 2013
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
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