WESCOAL HOLDINGS LIMITED - Voluntary announcement regarding the proposed repurchase of shares

Release Date: 29/08/2018 09:45
Code(s): WSL
 
Wrap Text
Voluntary announcement regarding the proposed repurchase of shares

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company”)

VOLUNTARY ANNOUNCEMENT REGARDING THE PROPOSED REPURCHASE OF SHARES

Wescoal shareholders are advised that the board of directors of Wescoal (the “Board”) has resolved to
repurchase a maximum of R20 million worth of its own shares in terms of the general approval granted by
shareholders of the Company at the annual general meeting held on 14 November 2017 (the "Share
Repurchase").

The Share Repurchase is subject to the Board having applied the solvency and liquidity test as required in
terms of sections 46(1)(b) and 46(1)(c) of the Companies Act, No 71 of 2008.

29 August 2018

Investment bank, corporate advisor and sponsor
Nedbank Corporate and Investment Banking

Investor Relations
Singular Systems IR

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