Dealings by the ELB Share Incentive Scheme
ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
JSE Code: ELR
(“ELB” or “the Company”)
DEALINGS BY THE ELB SHARE INCENTIVE TRUST
In compliance with the JSE Limited Listings Requirements, shareholders are hereby advised that ELB Group Limited,
via the ELB Share Incentive Trust (“the Trust”), entered into a repurchase programme to repurchase ordinary shares
during a closed period (“Repurchase Programme”) in order to satisfy the obligations of the Trust, in respect of
The closed period commenced on 1 January 2018 and will terminate when the Company releases its interim results
for the six months ended 31 December 2017 on SENS, which is expected to be on/before 30 March 2018 (“the Closed
In compliance with paragraph 14.9 of schedule 14 to the JSE Listings Requirements, the Company confirms that –
- the Repurchase Programme was put in place, and the JSE notified accordingly, prior to commencement of the
Closed Period; and
- a single independent agent (broker) was mandated, on an irrevocable basis, to execute the Repurchase
Programme in terms of certain pre-set parameters.
The Repurchase Programme was executed in terms of the general authority granted by shareholders at the
Company’s annual general meeting on 23 November 2017. The repurchase of ordinary shares was not executed at a
price higher than 10% above the weighted average trading price for ELB ordinary shares for the five business days
immediately preceding the date on which any such repurchase was effected. The repurchased ordinary shares,
following the Repurchase Programme, will be held by the Trust against unexercised share options.
The following additional information is provided in compliance with paragraph 3.92 (read with 3.63 to 3.74) of the JSE
Class of security Ordinary shares
Nature of transaction On-market acquisition
Date of transaction 13 February 2018
Number of ordinary shares 11 000
Price per share: R18.50
Value of transaction R203 500.00
Nature of interest Direct non-beneficial
14 February 2018
Questco Corporate Advisory Proprietary Limited
Date: 14/02/2018 01:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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