To view the PDF file, sign up for a MySharenet subscription.

TRELLIDOR HOLDINGS LIMITED - General Repurchase Of Ordinary Shares

Release Date: 05/06/2019 10:45
Code(s): TRL     PDF:  
Wrap Text
General Repurchase Of Ordinary Shares

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “the Group”)


At the annual general meeting of the Company held on 15 November 2018 (“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 the
Company, on the terms and subject to the conditions specified in the general authority

Shareholders are hereby advised that, during open periods commencing on 12 September
2018 to 27 May 2019, the Company has repurchased an aggregate of 1 649 214 ordinary
shares, representing 1.53% of the issued ordinary share capital of the Company. The
aforementioned ordinary shares were repurchased for an aggregate value of R 7 114 332,
funded out of the Company’s available cash resources, as follows:

Aggregate number        Highest price per       Lowest price per        Aggregate value of
of ordinary shares      ordinary share          ordinary share          shares repurchased
repurchased             repurchased             repurchased
1 649 214               R4.90                   R3.75                   R 7 114 332

Given the Group’s strong cash generating business model and gearing headroom, the Board
is of the opinion that it is in the best interest of shareholders of the Company to continue with
the repurchase program, in line with the abovementioned shareholders’ approval, due to the
fact that the price at which the shares of the Group are trading currently, represents a
significant discount to the intrinsic value of the Company.

5 June 2019

Sponsor and Corporate Adviser
PSG Capital

Date: 05/06/2019 10:45:00 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.

Email this JSE Sens Item to a Friend.

Share This Story