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LONG4LIFE LIMITED - Share Buyback Programme

Release Date: 15/10/2019 07:11
Code(s): L4L     PDF:  
Wrap Text
Share Buyback Programme

LONG4LIFE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/216015/06)
Share code: L4L
ISIN: ZAE000243119
(“Long4Life” or “the Company”)

SHARE BUYBACK PROGRAMME

Long4Life hereby announces the commencement of a share buyback programme (“the Programme”) in terms
of the general authority granted to the Company by its shareholders at the Annual General Meeting held on
Tuesday, 20 August 2019.

The Company intends to purchase a maximum of 50 million Long4Life shares under the Programme which
will be executed on the Johannesburg Stock Exchange (“JSE”) by an intermediary, Investec Securities (Pty)
Ltd (please request your broker to contact Ryan Wibberley on +27 21 416 1432). The Programme commences
today Tuesday, 15 October 2019 at the opening of the market and will end at the close of the markets on
Wednesday, 23 October 2019, or sooner if the maximum number of shares to be repurchased under the
Programme have been met.

The maximum purchase price in terms of the Programme will be R4.35 per Long4Life share.

The Programme will be executed within certain pre-determined limits with specific reference to the limits of the
authority granted by the Company’s shareholders, including the current limitation that the repurchase price
must be at a price no more than 10% (ten percent) above the volume weighted average traded price on the
JSE for the 5 (five) business days preceding the repurchase.

Members of the board of directors of Long4life have individually declared their intention not to sell any
Long4Life shares they may hold during the duration of the Programme.

Long4Life Limited
Registered office: 7th floor Rosebank Towers | 13-15 Biermann Ave | Rosebank
Email: info@long4life.co.za

Johannesburg
15 October 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 15/10/2019 07:11:00
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