To view the PDF file, sign up for a MySharenet subscription.

ELB GROUP LIMITED - Results of the Odd-Lot Offer and Specific Repurchase

Release Date: 06/04/2018 16:46
Code(s): ELR     PDF:  
Wrap Text
Results of the Odd-Lot Offer and Specific Repurchase

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)

RESULTS OF THE ODD-LOT OFFER AND SPECIFIC REPURCHASE

Shareholders are referred to the circular, dated 12 February 2018, and the finalisation announcement, dated
23 March 2018, containing salient information in respect of:
• an odd-lot offer by the Company to repurchase the ordinary shares from shareholders holding less than
  100 ordinary shares at R19.02 per share (“the Odd-lot Offer”); and
• a specific offer by the Company to repurchase the ordinary shares from shareholders holding between
  100 and 500 ordinary shares (inclusive) at R19.97 cents per share (“the Specific Repurchase”),
(collectively “the Offers”).

The Offers closed at 13:00 on Friday, 6 April 2018 and the results thereof are as follows:

Odd-Lot Offer:

Number of shares            Number of shares sold        Number of shares            Total shares
retained by election        by election                  expropriated by the         repurchased by the
                                                         Company*                    Company pursuant to
                                                                                     the Odd-Lot Offer

      5 288                      4 981                       8 406                       13 387


*Odd-lot holders who did not make an election were automatically regarded as having sold their odd-lot
holdings to the Company.

Specific Repurchase:
Shareholders holding 2 298 shares elected to sell their shares to the Company pursuant to the Specific
Repurchase.

Effect on share capital:
The total number of shares repurchased by ELB in terms of the Offers amounted to 15 685 shares (0.05% of
the current total number of shares in issue).

Cancellation of shares:
The shares acquired by the Company in terms of the Offers will be cancelled and accordingly the number of
ordinary shares in issue will decrease by 15 685 ordinary shares to 32 502 894 ordinary shares.

Johannesburg
6 April 2018

Corporate Adviser and Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 06/04/2018 04:46:00 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.

Share This Story