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WESCOAL HOLDINGS LIMITED - Voluntary announcement : general repurchase of shares

Release Date: 23/07/2019 16:09
Code(s): WSL     PDF:  
 
Wrap Text
Voluntary announcement : general repurchase of shares

Wescoal Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company”)

VOLUNTARY ANNOUNCEMENT: GENERAL REPURCHASE OF SHARES

Wescoal announced at its annual results presentation for the financial year ended 31 March 2019, that it intends
distributing capital to its shareholders (“Shareholders”) by way of a general repurchase in terms of the general
authority granted by Shareholders at the annual general meeting held on Wednesday, 23 January 2019
(“Repurchase”).

Wescoal is pleased to inform Shareholders that it has with effect from 23 July 2019 appointed a broker to implement
the Repurchase.

The Repurchase will be implemented in accordance with the Companies Act, No 71 of 2008, and the JSE Limited (“JSE”)
Listings Requirements through the order book operated by the JSE, and in a series of unrelated transactions without
any prior understanding or arrangement between the Company and the counter-parties.

23 July 2019

Investment bank, corporate advisor and sponsor
Nedbank Corporate and Investment Banking

IR Advisor
Singular IR

Date: 23/07/2019 04:09:00
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