Wrap Text
General Repurchase of Shares
MICROmega HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/003821/06)
JSE share code: MMG ISIN: ZAE000034435
(“MICROmega” or “the company”)
GENERAL REPURCHASE OF SHARES
Shareholders are advised that MICROmega has cumulatively repurchased 5,597,285 of its own shares
(comprising 5.55 % of its issued share capital) as at 30 July 2013 out of the group’s available cash
resources (“the repurchases”). The shares were repurchased for an aggregate price of R16 861 306.14
in the following tranches:
- 5,000 shares on 1 August 2012 at 405 cents per share;
- 5,000 shares on 2 August 2012 at 425 cents per share;
- 4,500 shares on 3 August 2012 at 425 cents per share;
- 3,650 shares on 6 August 2012 at 420 cents per share;
- 11,350 shares on 7 August 2012 at 420 cents per share;
- 70,519 shares on 14 August 2012 at 396.65 cents per share;
- 20,600 shares on 16 August 2012 at 440.78 cents per share;
- 40,000 shares on 20 August 2012 at 456.25 cents per share;
- 10,000 shares on 21 August 2012 at 450 cents per share;
- 45,000 shares on 22 August 2012 at 475 cents per share;
- 30,000 shares on 23 August 2012 at 475 cents per share;
- 10,000 shares on 24 August at 450 cents per share;
- 57,552 shares on 27 August at 467.03 cents per share;
- 641,560 shares on 29 August 2012 at 476.15 cents per share;
- 543,950 shares on 30 August at 433.44 cents per share;
- 28,815 shares on 3 September 2012 at 361 cents per share;
- 44,442 shares on 3 September 2012 at 398.38 cents per share;
- 25,000 shares on 3 October 2012 at 305 cents per share;
- 101,500 shares on 15 October 2012 at 311 cents per share;
- 1,995,134 shares on 11 April 2013 at 250 cents per share;
- 10,000 shares on 12 April 2013 at 250 cents per share;
- 1,050 shares on 30 April 2013 at 275 cents per share;
- 86,382 shares on 16 July 2013 at 237.38 cents per share; and
- 1,806,281 shares on 18 July 2013 at 220 cents per share.
The repurchases were in terms of the general authority granted by shareholders on 31 July 2012 and
were effected through the order book operated by the JSE trading system without any prior
understanding or arrangement between the company and the counter parties. The company holds
11,936,604 shares as treasury shares of which 10,130,323 are held through a subsidiary.
MICROmega is entitled to repurchase a further 14,563,250 shares (14.45% of the shares in issue as at
the date of the authority) in terms of the current general authority, which is valid until MICROmega’s
next annual general meeting.
OPINION OF THE BOARD OF MICROMEGA
The board of MICROmega has considered the effect of the repurchases and is of the opinion that, for a
period of 12 months following the date of this announcement:
- the company and the group will be able to repay their debts, in the ordinary course of business;
- the assets of the company and the group, will be in excess of the liabilities of the company and
the group;
- the company's and the group’s ordinary capital and reserves will be adequate for ordinary
business purposes; and
- the company and the group will have sufficient working capital for ordinary business purposes.
FINANCIAL EFFECTS OF THE REPURCHASES
The unaudited pro forma financial effects of the repurchases are in the process of being finalised and
will be released as soon as possible.
30 July 2013
Sponsor
Java Capital
Date: 30/07/2013 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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