MOMENTUM METROPOLITAN HOLDINGS LIMITED - Momentum Metropolitan share repurchase programme

Momentum Metropolitan share repurchase programme

MOMENTUM METROPOLITAN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
JSE share code: MTM
A2X share code: MTM
NSX share code: MMT
ISIN code: ZAE000269890
(Momentum Metropolitan or the Group)

MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration number: 1904/002186/06
Company code: MMIG
(Momentum Metropolitan Life)


Momentum Metropolitan share repurchase programme
In the financial results announcement for the 12 months ended 30 June 2022, Momentum Metropolitan
announced that the Group had commenced a share repurchase programme of its ordinary shares, up to a
maximum consideration of R750 million. The programme commenced on 10 August 2022 and was effected in
accordance with the general authority received by way of a shareholder resolution passed at the Annual General
Meeting, held on 25 November 2021.

Pursuant to paragraph 5.79 of the JSE Listings Requirements, shareholders are advised that between
10 August 2022 and 26 October 2022 Momentum Metropolitan has repurchased 44,798,859 shares, valued at
R750 million, and representing 3% of the Group’s outstanding ordinary share capital at the beginning of the
financial year. Up to 26 October 2022, 39,084,513 ordinary shares have been cancelled, with the outstanding
number of ordinary shares amounting to 1,458,390,843. An application will be made to the JSE to delist and
cancel the remaining ordinary shares that were repurchased, being 5,714,346 ordinary shares, by
4 November 2022. Subsequent to the JSE approval for the delisting and cancellation of the remaining ordinary
shares, the outstanding number of ordinary shares will be 1,452,676,497.


SENS issue: 27 October 2022

Equity sponsor
Merrill Lynch SA (Pty) Ltd t/a BofA Securities

Debt sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)




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Date: 27-10-2022 07:30:00
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