Sharenet Sites 
Sharenet Sites
Repurchase programme
BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the Company")
CLOSED PERIOD SHARE REPURCHASE PROGRAMME
BSI announces that the board has approved the repurchase of
BSI shares in terms of its general authority granted by BSI
shareholders at the Company’s 2013 Annual General Meeting
(“AGM”), held on 26 September 2013 (“Repurchase Programme”).
Shareholders are advised that the Company is entering into a
closed period on 1 April 2014 which is anticipated to end on
or about 12 June 2014 (“Closed Period”), when the BSI Group’s
results for the year ended 31 March 2014 are scheduled to be
released.
In terms of the Repurchase Programme, the maximum aggregate
consideration payable for the shares to be repurchased is
R10 million.
Further to the Closed Period, the Company has entered into a
mandate with a broking firm (“Mandate”). The Mandate is
irrevocable and non-discretionary to purchase the Company’s
shares during the Closed Period. Any purchase will be effected
within certain predetermined parameters and within the limits
of the Repurchase Programme that have been agreed in writing
with the broking firm.
Any repurchase will be effected in accordance with the general
authority granted at the AGM and in compliance with the
relevant provisions of the Listings Requirements of the JSE
Limited and the Companies Act (71 of 2008), as amended.
Johannesburg
26 March 2014
Designated Advisor:
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 26/03/2014 03:42:00 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.
