THE PIVOTAL FUND LIMITED - Share repurchase programme
PIV 201601150032A
Share repurchase programme
THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PVT ISIN: ZAE000196440
(“Pivotal” or “the company”)
SHARE REPURCHASE PROGRAMME
Shareholders are advised that, 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 3 September 2015 and in
compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act, 71 of
2008, Pivotal has entered into a share repurchase programme under which the company may purchase up to
2 750 000 of its ordinary shares for an aggregate purchase price of R50 million (“the threshold”).
As at 13 January 2016, the company had repurchased a total of 2 499 113 shares (being 0.75% of Pivotal’s
issued share capital) and will continue with the share repurchase programme until the threshold has been
reached. The Pivotal shares are repurchased at a price not greater than 10% above the volume weighted
average trading price of Pivotal shares on the JSE over the 5 business days immediately preceding any
particular repurchase.
An application for the cancellation and delisting of the shares repurchased will be made to the JSE once the
threshold has been reached.
15 January 2016
Sponsor
Java Capital
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