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
(“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
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
Singular Systems IR
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