| Fri 12 Jan 2018, 7:05 | | ELB GROUP LIMITED - Dealings by the ELB Share Incentive Trust |
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ELR 201801120001A
Dealings by the ELB Share Incentive Trust
ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)
DEALINGS BY THE ELB SHARE INCENTIVE TRUST
Shareholders are referred to the dealings announcement released on SENS today, 11 January 2018,
setting out the purchase of shares by the ELB Share Incentive Trust (“the Trust”), and are advised that
the dealings by the Trust were in terms of a repurchase programme, entered into by ELB Group Limited,
via the Trust, to repurchase ordinary shares during a closed period (“Repurchase Programme”) in order
to satisfy the obligations of the Trust, in respect of identified participants.
The closed period commenced on 1 January 2018 and will terminate when the Company releases its
interim results for the six months ended 31 December 2017 on SENS, which is expected to be on/before
30 March 2018 (“the Closed Period”).
In compliance with paragraph 14.9 of schedule 14 to the JSE Listings Requirements, the Company
confirms that –
- the Repurchase Programme was put in place, and the JSE notified accordingly, prior to
commencement of the Closed Period; and
- a single independent agent (broker) was mandated, on an irrevocable basis, to execute the
Repurchase Programme in terms of certain pre-set parameters.
The Repurchase Programme was executed in terms of the general authority granted by shareholders
at the Company’s annual general meeting on 23 November 2017. The repurchase of ordinary shares
was not executed at a price higher than 10% above the weighted average trading price for ELB ordinary
shares for the five business days immediately preceding the date on which any such repurchase was
effected. The repurchased ordinary shares, following the Repurchase Program, will be held by the Trust
against unexercised share options.
Boksburg
11 January 2018
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 12/01/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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