To view the PDF file, sign up for a MySharenet subscription.

TRUWORTHS INTERNATIONAL LIMITED - Prohibited period share repurchase programme

Release Date: 14/12/2012 12:20
Code(s): TRU
Wrap Text
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 14 December 2012 and is expected to end at the close of
business on Thursday 21 February 2013, 24 hours after Truworths’ interim
financial results for the period ended 30 December 2012 are scheduled to have
been published.

The maximum aggregate consideration payable for the shares to be repurchased
in terms of the repurchase programme is R300 million (three hundred 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 that have been 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 8 November 2012 and in
compliance with the relevant provisions of the JSE Listings Requirements and
the Companies Act (71 of 2008), as amended.


Cape Town
14 December 2012

Sponsor
One Capital

Date: 14/12/2012 12:20:00 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.

Share This Story