| Wed 5 Jun 2019, 10:45 | | TRELLIDOR HOLDINGS LIMITED - General Repurchase Of Ordinary Shares |
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TRL 201906050020A
General Repurchase Of Ordinary Shares
Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
("the Company" or "the Group")
GENERAL REPURCHASE OF ORDINARY SHARES
At the annual general meeting of the Company held on 15 November 2018 ("AGM"),
shareholders, by special resolution, granted a general authority to the board of directors of the
Company ("Board") to repurchase up to 20% of the issued ordinary share capital of the
Company, on the terms and subject to the conditions specified in the general authority
obtained.
Shareholders are hereby advised that, during open periods commencing on 12 September
2018 to 27 May 2019, the Company has repurchased an aggregate of 1 649 214 ordinary
shares, representing 1.53% of the issued ordinary share capital of the Company. The
aforementioned ordinary shares were repurchased for an aggregate value of R 7 114 332,
funded out of the Company's available cash resources, as follows:
Aggregate number Highest price per Lowest price per Aggregate value of
of ordinary shares ordinary share ordinary share shares repurchased
repurchased repurchased repurchased
1 649 214 R4.90 R3.75 R 7 114 332
Given the Group's strong cash generating business model and gearing headroom, the Board
is of the opinion that it is in the best interest of shareholders of the Company to continue with
the repurchase program, in line with the abovementioned shareholders' approval, due to the
fact that the price at which the shares of the Group are trading currently, represents a
significant discount to the intrinsic value of the Company.
Durban
5 June 2019
Sponsor and Corporate Adviser
PSG Capital
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