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Voluntary announcement: general repurchase of ordinary shares
ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
(“Argent” or “the Company” or “the Group”)
VOLUNTARY ANNOUNCEMENT: GENERAL REPURCHASE OF ORDINARY SHARES
At the annual general meeting of Argent held on 18 August 2025 (“2025 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 Argent (“2025 Authority”). At the annual
general meeting of Argent held on 30 July 2026 (“2026 AGM”), shareholders, by ordinary resolution,
granted a general authority to the Board to repurchase up to 20% of the issued ordinary share capital
of Argent (“2026 Authority”). Both authorities were granted on the terms and subject to the
conditions specified in the respective notices of AGM. The 2025 Authority lapsed on the date of the
2026 AGM.
Shareholders are advised that Argent has repurchased an aggregate of 30 128 ordinary shares for
an aggregate value of R1 185 513, funded out of the Company’s available cash resources, as
follows:
• 9 086 ordinary shares under the 2025 Authority, representing 0.02% of the issued ordinary share
capital as at the date on which the 2025 Authority was granted; and
• 21 042 ordinary shares under the 2026 Authority, representing 0.04% of the issued ordinary
share capital as at the date on which the 2026 Authority was granted.
Authority Date(s) of Number of Price per Aggregate value
repurchases ordinary shares ordinary share
repurchased repurchased
2025 21 July 2026 to 27 9 086 R39.00 R354 354
Authority July 2026
2026 2 September 2026 to 21 042 R39.50 R831 159
Authority 3 September 2026
Total 30 128 R1 185 513
The repurchases were effected through the order book operated by the JSE trading system without
any prior understanding or arrangement between the Company and the counterparties, and in
accordance with the JSE Listings Requirements. No repurchases were effected during a prohibited
period.
The ordinary shares repurchased under the 2025 Authority were de-listed and cancelled on 23
September 2026, and those repurchased under the 2026 Authority were de-listed and cancelled on
25 September 2026.
In terms of the 2026 Authority, which is valid until Argent’s next annual general meeting, the
Company may repurchase up to a further 10 609 551 ordinary shares (19.96% of the ordinary shares
in issue as at the date on which the 2026 Authority was granted).
As at the date of this announcement, the Company holds nil ordinary shares in treasury. The
repurchases were funded from excess working capital resources of the Company, and the interest
that would have been generated for the Group’s banking facility is minimal.
The Board confirms that it has considered the effect of the repurchases and has applied the solvency
and liquidity test in terms of the Companies Act.
Umhlanga
25 September 2026
Sponsor
PSG Capital
Date: 25/09/2026 04:29:00
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