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FAMBRANDS:  5,497   0 (0.00%)  01/01/1970 00:00

FAMOUS BRANDS LIMITED - Voluntary Sens Announcement - Share Repurchase Programme

Release Date: 30/01/2026 07:05
Code(s): FBR     PDF:  
Wrap Text
Voluntary Sens Announcement - Share Repurchase Programme

FAMOUS BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
JSE Share code: FBR
ISIN code: ZAE000053328
("Famous Brands" or "the Company")

VOLUNTARY SENS ANNOUNCEMENT - SHARE REPURCHASE PROGRAMME

Shareholders are advised that the board of directors of Famous Brands (the "Board") has
approved a general share repurchase of the Company's ordinary shares up to a maximum of 5%
of the Company's issued share capital, through FB Investments Proprietary Limited, a wholly
owned subsidiary of the Company (the "Share Repurchase").

The Board believes that the current cash position of the Company and its subsidiaries is
sufficiently robust to undertake the Share Repurchase. The Share Repurchase is being
undertaken as part of Famous Brands' broader capital allocation strategy and specifically in light
of the price performance in the Company's shares, which in the Board's view, continues to
undervalue the Company and its prospects.

The Share Repurchase will commence on 1 February 2026 and will extend until 31 May 2026,
subject to market conditions, in which event the programme may be discontinued by the Board.
The shares repurchased as part of the Share Repurchase will be held as treasury shares and will
not have any voting rights.

The Company further currently intends to continue with the repurchase during the Company's
closed period, which will commence on 1 March 2026 and end on the date of the release of the
Company's 28 February 2026 financial year end results, currently expected to be on or about 18
May 2026 ("Closed Period).

Should the Company continue with the repurchase during the Closed Period, the Share
Repurchase during the Closed Period will be an irrevocable, non-discretionary programme
managed by an independent third party, which makes its trading decisions in relation to the
Company's securities independently of, and uninfluenced by, the Company (the "Closed Period
Share Repurchase"). The Closed Period Share Repurchase will be effected within certain pre-set
parameters and in accordance with both the Company's general authority to repurchase shares
granted by special resolution of the Company's shareholders passed at the Company's annual
general meeting held on 26 July 2025 and the JSE Listings Requirements.


Midrand
30 January 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 30-01-2026 07:05:00
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