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General Repurchase Of Ordinary Shares Update
Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “Trellidor”)
GENERAL REPURCHASE OF ORDINARY SHARES UPDATE
Shareholders are referred to the announcement released on SENS on 27 June 2019, advising
shareholders that a portion of the shares to be repurchased in terms of the repurchase
programme, as previously announced, would be effected during a prohibited period, as
defined in paragraph 3.67 of the JSE Limited Listings Requirements
(“JSE Listings Requirements”), and in compliance with paragraph 5.72(h) of the JSE Listings
Requirements.
During the prohibited period of 01 July 2019 to 09 September 2019, the Company repurchased
an aggregate of 477 247 ordinary shares, representing 0.45% of the issued ordinary share
capital of the Company. The aforementioned ordinary shares were repurchased for an
aggregate value of R 1 993 172, funded out of the Company’s available cash resources.
The total number of shares repurchased under the repurchase programme, which
commenced on 12 September 2018, were funded out of the Company’s available cash
resources. Details of the repurchases made under the repurchase programme are 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
2 605 687 R4.90 R3.75 R 11 087 667
The ordinary shares repurchased have been de-listed and cancelled.
Given Trellidor’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 programme, due to the fact that the price at which the shares of Trellidor are
currently trading at represents a significant discount to the intrinsic value of the Company.
Durban
25 September 2019
Sponsor and Corporate Adviser
PSG Capital
Date: 25/09/2019 08:30:00
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