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THE FOSCHINI GROUP LIMITED - Change of effective date of share repurchase agreement

Release Date: 30/11/2012 16:29
Code(s): TFGP TFG     PDF:  
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Change of effective date of share repurchase agreement

THE FOSCHINI GROUP LTD 
 
Reg. No.: 1937/009504/06 
 
Code : TFG 
 
ISIN : ZAE000148466 
 

Change of effective date of share repurchase agreement 

As  announced  on  3  September  2012,  shareholders  of  the  Company  approved  a  specific  share 
repurchase  at  the  Company’s  Annual  General  Meeting  held  on  3  September  2012.    Shareholders 
were  also  advised  on  3  September  2012  that  the  boards  of  directors  of  the  group  companies 
concerned had entered into a share repurchase agreement and that the agreement provides for an 
effective  date  of  30  November  2012,  but  that  the  parties  to  the  agreement  could  change  the 
effective date as agreed in writing.   

The  parties  have  entered  into  an  addendum  to  the  agreement  amending  the  effective  date  to  28 
February 2013 but this date may again be changed by the parties in writing. 

The reason for the change of effective date is that the boards of directors of the group companies 
concerned  do  not  yet  have  clarity  on  the  final  terms  of  the  Taxation  Laws  Amendment  Bill,  2012, 
which could have an impact on the transaction. 

The  addendum  does  not  vary  the  commercial  terms  of  the  share  repurchase  agreement  and  will 
have no financial impact on the Company.  

Cape Town 

30 November 2012 

SPONSOR: UBS South Africa Pty Ltd 

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