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METAIR INVESTMENTS LIMITED - Share repurchase programme update

Release Date: 04/04/2019 14:25
Code(s): MTA     PDF:  
Wrap Text
Share repurchase programme update

METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair” or the “Company”)

SHARE REPURCHASE PROGRAMME UPDATE

Metair shareholders (“Shareholders”) are referred to the announcements published on SENS on
22 October 2018 and 10 December 2018 (the “Announcements”), pertaining to the Company’s
share repurchase programme established pursuant to and in accordance with the authority granted
by Shareholders at the Company’s annual general meeting held on Wednesday, 2 May 2018
(“General Authority”), (the “Repurchase Programme”).

Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the
meanings ascribed thereto in the Announcements.

Shareholders are advised that the Company and / or its subsidiaries repurchased, in aggregate,
5 969 577 ordinary shares (“Shares”), representing 3% of the Company’s issued share capital, in
terms of the Repurchase Programme. The Repurchase Programme expired on 15 March 2019.

In terms of the General Authority, the Company and / or its subsidiaries may repurchase, in
aggregate, a maximum of 9 949 294 Shares, being 5% of the Company’s issued share capital, which
authority remains valid until the Company’s next annual general meeting. Accordingly, following the
repurchase pursuant to the Repurchase Programme (as detailed above), the Company and / or its
subsidiaries may repurchase a further 3 979 717 Shares (“Remaining Shares”), being 2% of the
Company’s issued share capital, in terms of the General Authority.

In the circumstances, the Directors have authorised the repurchase of the Remaining Shares, in
accordance with the General Authority, until the Company’s next annual general meeting, being
Thursday, 2 May 2019 (“Repurchase”). The total capital allocated by Metair for purposes of the
Repurchase is R45 million.

Johannesburg
4 April 2019

Sponsor
One Capital

Date: 04/04/2019 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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