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SABVEST CAPITAL LIMITED - Voluntary announcement - Sabcap general repurchase of shares

Release Date: 26/05/2021 09:31
Code(s): SBP     PDF:  
Wrap Text
Voluntary announcement - Sabcap general repurchase of shares

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
(“Sabcap” or “the Company”)

VOLUNTARY ANNOUNCEMENT - SABCAP GENERAL REPURCHASE OF SHARES

1.   INTRODUCTION

     Shareholders are advised that, in accordance with the general authority (‘’General Authority’’)
     granted by shareholders at the Company’s General Meeting held on 25 June 2020, Sabcap has
     repurchased 2,71% of the share capital in issue at the time that the General Authority was granted.
     The General Authority expired on 24 May 2021 being the date of t he 2021 Annual General Meeting
     (‘’AGM’’) of the Company.

2.   DETAILS OF THE REPURCHASES

      Dates of repurchases                                                    09/09/2020 – 14/05/2021
      Number of shares repurchased                                                          1 128 352
      Value of shares repurchased                                                         R39,953,713
      Average repurchase price per share                                                     3540,89c
      Lowest repurchase price per share                                                      2749,84c
      Highest repurchase price per share                                                     5287,42c

3.   DETAILS OF SHARES IN ISSUE

      Shares in issue on 25 June 2020                                                      41 508 352
      Shares repurchased                                                                    1 128 352
      Shares cancelled in December 2020                                                       508 352
      Shares currently in issue                                                            41 000 000
      Shares currently held in treasury                                                       620 000
      Shares currently in issue, net of shares held in treasury                            40 380 000

4.   NEW GENERAL AUTHORITY

     At the AGM held on 24 May 2021, shareholders approved a new General Authority f or the repurchase
     of Sabcap shares in accordance with the terms of the resolution proposed.

Sandton
26 May 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26-05-2021 09:31:00
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