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AFRIMAT LIMITED - Closed Period Share Repurchase Programme

Release Date: 28/02/2017 10:15
Code(s): AFT     PDF:  
Wrap Text
Closed Period Share Repurchase Programme

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT 
ISIN: ZAE 000086302
("Afrimat" or “the Company”)

CLOSED PERIOD SHARE REPURCHASE PROGRAMME

Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the
repurchase of its ordinary shares during its closed period. This period commences on 1 March 2017 and
terminates on or about 18 May 2017 when the company is scheduled to publish its final results.

The mandate has been entered into with a single agent who has full discretion in executing the
Repurchase Programme. The intention is to repurchase up to a maximum of 5.0 million Afrimat shares in
terms of an authority granted at the annual general meeting of shareholders held on Friday, 5 August
2016. Any repurchase of shares may not be executed at a price higher than 10% above the weighted
average trading price for Afrimat ordinary shares for the five business days immediately preceding the
date on which any such repurchase is affected.

Cape Town
28 February 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 28/02/2017 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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