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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Closed period share repurchase programme

Release Date: 28/02/2019 11:11
Code(s): ISB     PDF:  
 
Wrap Text
Closed period share repurchase programme

Insimbi Industrial Holding Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)


CLOSED PERIOD SHARE REPURCHASE PROGRAMME


Shareholders are hereby advised that Insimbi has, via its subsidiary company, granted a mandate for the
repurchase of its ordinary shares during its closed period. This period commences on 1 March 2019 and
terminates on or about 31 May 2019, when the Company’s year-end financial results for the twelve months
ended 28 February 2019 are scheduled to be released.


The mandate has been entered into with one agent who has full discretion in executing the Share
Repurchase Programme. A maximum of 3 000 000 Insimbi shares in terms of an authority granted at the
annual general meeting of shareholders held on 3 July 2018, may be purchased. Any repurchase of shares
may not be executed at a price higher than 10% above the weighted average trading price for Insimbi
ordinary shares for the five business days immediately preceding the date on which any such repurchase is
affected.


Johannesburg
28 February 2019
Sponsor: Bridge Capital Advisors Proprietary Limited

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