AFRIMAT LIMITED - Closed Period Share Repurchase Programme

Release Date: 31/08/2018 08:00
Code(s): AFT
 
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 closed period commences on
1 September 2018 and terminates on or about 1 November 2018 when the company is scheduled to
publish its final results.

In terms of the authority granted at the annual general meeting of shareholders held on Wednesday,
1 August 2018, a maximum of 1 million Afrimat shares may be repurchased for an aggregate
consideration not exceeding R22 000 000. Any repurchase of shares must be executed at a price not
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 effected. The mandate
has been granted to a single agent who has full discretion in executing the Share Repurchase
Programme.

Cape Town
31 August 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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