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INSIMBI REFRACTORY & ALLOY SUP LTD - Closed period repurchase programme

Release Date: 30/08/2012 15:02
Code(s): ISB     PDF:  
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Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
('Insimbi' or 'the Company')


CLOSED PERIOD SHARE REPURCHASE PROGRAMME



Shareholders are hereby advised that Insimbi has, via its subsidiary company, granted in terms of a new mandate for the repurchase of its ordinary shares during its closed period. This period commences on 1 September 2012 and terminates on or about 30 November 2012 when the Company is scheduled to publish its interim results. The maximum number of shares that may be repurchased during the closed period share repurchase programme will be 5 000 000 shares. The agreement has been entered into with a single agent who has full discretion in executing the Repurchase Programme. Any purchases will be affected within certain pre-set parameters within the limits of the JSE Listing Requirements. Johannesburg 30 August 2012 Sponsor: Bridge Capital Advisors (Pty) Limited
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