SABVEST LIMITED - Treasury shares repurchase and cancellation of shares

Treasury shares repurchase and cancellation of shares

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest”)
 
TREASURY SHARES REPURCHASE AND CANCELLATION OF SHARES

Shareholders are advised that the Sabvest Group has undertaken a transaction in terms
of which 350,000 Sabvest ‘N” ordinary shares, previously held as treasury shares
(“Treasury Shares”), were repurchased based on the market price of the Treasury
Shares on close of the Johannesburg Stock Exchange on Friday, 20 September 2019.

Full details of the Treasury Shares repurchase transaction are as follows:



    Type and class of           : “N” ordinary shares
    securities
    Nature of transaction       : Off market repurchase
    Date of transaction         : 20 September 2019
    Market price per Treasury   : 3200 cents
    Shares
    Number of Treasury
    Shares                      : 350,000
    Aggregate repurchase        : R11,200,000
    price

The Treasury Shares had been purchased by a subsidiary through the market at an
average price of 3297 cents (highest 3561 cents, lowest 3200 cents) subsequent to the
publication of the interim results.

The repurchased Treasury Shares will be delisted with effect from the commencement of
trade on or about Monday, 30 September 2019, and will thereafter be cancelled.


Sandton
23 September 2019


Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 23/09/2019 02:03:00
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.