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INDEQUITY GROUP LIMITED - Repurchase of Treasury Shares

Release Date: 26/01/2015 16:00
Code(s): IDQ     PDF:  
Wrap Text
Repurchase of Treasury Shares

Indequity Group Limited
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ ISIN Code ZAE000016606
(“Indequity” or “the Company” or “the Indequity Group”)



                             REPURCHASE OF TREASURY SHARES


Indequity shareholders (“Shareholders”) are referred to the circular distributed to Shareholders on
Friday, 19 December 2014 (“Circular”) relating to the proposed repurchase of 1 099 368 Indequity
ordinary Shares (“Repurchase Shares”), held as treasury shares, from Indequity Specialised Insurance
Limited (“Indequity Insurance”), a wholly owned subsidiary of Indequity (“Repurchase”) and the
announcement published on the Stock Exchange News Services of the JSE Limited (“JSE”) on
Wednesday, 21 January 2015, relating to the results of the special general meeting that was held on
the same day (“General Meeting”).

Shareholders are hereby advised that on Monday, 26 January 2015, Indequity repurchased the
Repurchase Shares at a price of R5.50 per share, which Repurchase constitutes a repurchase of 8.78%
of the issued ordinary share capital of Indequity at that date. The Repurchase constitutes a specific
repurchase in terms of section 48(8)(b) and section 114, read with sections 115 and 164 of the
Companies Act (71 of 2008), as amended (“the Act”).

The Repurchase was authorised by the board of directors of Indequity on Friday, 5 December 2014 and
subsequently approved by Shareholders at the General Meeting. The required compliance certificate
has been received from the Takeover Regulation Panel in accordance with section 119(4)(b) of the Act.

Indequity applied for, and was granted, a delisting of the Repurchased Shares from the JSE with effect
from Monday, 26 January 2015. Immediately subsequent to the delisting from the JSE, the relevant
Repurchase Shares will be cancelled. Immediately following the Repurchase, Indequity will have no
ordinary shares in issue which would be classified as treasury shares.


Johannesburg
26 January 2015


Sponsor:
KPMG Services (Pty) Ltd

Date: 26/01/2015 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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