Sharenet Sites 
Sharenet Sites
General Repurchase Of Ordinary Shares
Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “Trellidor”)
GENERAL REPURCHASE OF ORDINARY SHARES
At the annual general meeting of the Company held on 14 November 2019 (“2019 AGM”),
shareholders, by special resolution, granted a general authority to the board of directors of the
Company (“Board”) to repurchase up to 20% of the issued ordinary share capital of the
Company, on the terms and subject to the conditions specified in the notice of AGM.
Shareholders are hereby advised that, from 8 October 2020 to 20 November 2020, the
Company repurchased an aggregate of 2 059 268 ordinary shares, representing 1.96% of the
issued ordinary share capital of the Company at the time the general authority was granted.
The aforementioned ordinary shares were repurchased for an aggregate value of
R3 530 340.60, funded out of the Company’s available cash resources.
The total number of shares repurchased under the repurchase programme, which
commenced on 14 December 2019, was funded out of the Company’s available cash
resources. Details of the repurchases made under the repurchase programme up to date are
as follows:
Aggregate number Highest price per Lowest price per Aggregate value
of ordinary shares ordinary share ordinary share
repurchased repurchased repurchased
7 143 568 R3.95 R1.69 R23 423 376.60
The repurchases were made in terms of the general authorities granted by shareholders at
the 2019 AGM and were effected through the order book operated by the JSE Limited trading
system without any prior understanding or arrangement between the Company and the
counterparties. The requirements for the general repurchase of ordinary shares in terms of
paragraph 5.72(a) of the JSE Limited Listings Requirements, have been complied with.
The general authority under which the repurchase was effected, expired after the 2020 annual
general meeting on 20 November 2020. Accordingly, 6.78% of the general authority granted
at the 2019 AGM was utilised. The ordinary shares repurchased will be delisted and cancelled
as soon as possible following the date of this announcement as the JSE Limited may permit.
As at the date of this announcement, the Company held zero ordinary shares in treasury. The
impact of the repurchases of the ordinary shares on the financial position of the Company is
immaterial, as the repurchases were funded out of the Company’s available cash resources.
OPINION OF THE BOARD
The Board has considered the effect of the repurchases and is of the opinion that, for a period
of 12 months following the date of this announcement:
- the Company and its subsidiaries (“the Group”) will be able, in the ordinary course of
business, to repay their debts;
- the consolidated assets of the Company and the Group will be in excess of the
consolidated liabilities of the Company and the Group;
- the Company’s and the Group’s share capital and reserves will be adequate for the
ordinary business purposes of the Company and the Group; and
- the Company and the Group will have sufficient working capital for ordinary business
purposes.
Durban
21 December 2020
Sponsor
PSG Capital
Date: 21-12-2020 10:30:00
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.
