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VILLAGE MAIN REEF LIMITED - Share Repurchase Programme

Release Date: 28/12/2012 09:00
Code(s): VIL     PDF:  
Wrap Text
Share Repurchase Programme

VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005703/06)
Share Code: VIL ISIN: ZAE000154761
(the “Company”)

SHARE REPURCHASE PROGRAMME

Shareholders are advised that the Company has entered into a share repurchase programme to repurchase ordinary
shares. The repurchase programme will extend from the date of this announcement to the date of release by the
Company of its quarterly and interim financial results for the 3 month and 6 month periods ending 31 December 2012,
which is expected to be around the middle of February 2013 (the “repurchase programme period”).

In terms of the share repurchase programme, a mandate has been entered into with a broking firm who has the
authority to repurchase during the repurchase programme period, up to a maximum of 45,000,000 (forty five million)
shares in the Company at a price not greater than 10% above the volume weighted average trading price of the
Company’s shares over the five trading days immediately preceding any particular repurchase.

Any repurchases so effected will 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 Friday, 30 November 2012 and in
compliance with the relevant provisions of the JSE Limited Listings Requirements and the Companies Act.

28 December 2012

Sponsor
Java Capital

Date: 28/12/2012 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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