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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Closed period share repurchase programme

Release Date: 30/08/2019 14:38
Code(s): ISB     PDF:  
 
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Closed period share repurchase programme

Insimbi Industrial Holdings Limited
(Formerly Insimbi Refractory and Alloy Supplies 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 September 2019 and
terminates on or about 30 November 2019, when the Company’s interim financial results for the six months
ended 31 August 2019 are scheduled to be released.


In terms of the authority granted at the annual general meeting of shareholders held on Thursday, 04 July
2019, a maximum of 3 million Insimbi shares, may be purchased for an aggregate consideration not exceeding
R3 150 000. 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 effected. The mandate has been entered into with one agent who has full
discretion in executing the Share Repurchase Programme.


Johannesburg
30 August 2019
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 30/08/2019 02:38:00
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