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TRU - Truworths International Limited - Prohibited Period Share Repurchase

Release Date: 17/06/2011 16:14
Code(s): TRU
Wrap Text

TRU - Truworths International Limited - Prohibited Period Share Repurchase Programme TRUWORTHS INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) ISIN: ZAE000028296 JSE Code: TRU; NSX Code TRW ("Truworths" or "the company") PROHIBITED PERIOD SHARE REPURCHASE PROGRAMME Truworths advises interested parties that it has concluded a mandate with a certain broking firm to effect the repurchase of Truworths shares on behalf of a subsidiary of the company during the company`s upcoming prohibited period ("the repurchase programme"). The prohibited period will commence at the close of business on Friday 17 June 2011 and is expected to end at the close of business on Friday 19 August 2011, 24 hours after Truworths` annual financial results for the period ended 26 June 2011 are scheduled to have been published. The maximum aggregate consideration payable for the shares to be repurchased in terms of the repurchase programme is R155 million (one hundred and fifty five million rand). The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters agreed in writing with the broking firm. Any repurchases so effected will further be 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 4 November 2010 and in compliance with the relevant provisions of the JSE Limited Listings Requirements and the Companies Act (71 of 2008), as amended. Cape Town 17 June 2011 JSE Sponsor One Capital NSX Sponsor Old Mutual Investment Services (Namibia) (Proprietary) Limited Date: 17/06/2011 16:14:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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