NUTRITIONAL HOLDINGS LIMITED - Proposed share buy-back program - up to a 3 billion shares
Proposed share buy-back program - up to a 3 billion shares
Nutritional Holdings Limited
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000156485)
(“Nutritional Holdings” or “the Company”)
Proposed share buy-back program - up to a 3 billion shares
Shareholders are advised that it is proposed that the Company will commence a share buy-
back program for up-to 3 billion of the issued share capital once the necessary authorities
has been granted by shareholders. A circular to obtain shareholder approval to buy-back
shares is being drafted and will be distributed shortly.
The Board of Directors of the Company are of the firm opinion that a share buy-back is the
most efficient use of capital and effective measure in enhancing shareholder value in the
long term, given the current discount to the embedded value.
The share buy-back will reduce the number of existing shares and demonstrates the cash
generation results from the recent announced Cannabis Acquisitions.
Durban
2 December 2020
Designated Adviser
Exchange Sponsors
Date: 02-12-2020 10:43:00
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