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METAIR INVESTMENTS LIMITED - Finalisation of general repurchase of shares

Release Date: 24/05/2019 12:51
Code(s): MTA     PDF:  
Wrap Text
Finalisation of general repurchase of shares

Metair Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1948/031013/06)
ISIN: ZAE000090692
Share code: MTA
(“Metair” or the “Company”)

FINALISATION OF GENERAL REPURCHASE OF SHARES

Metair shareholders (“Shareholders”) are referred to the announcements published on SENS on
22 October 2018, 10 December 2018 and 4 April 2019 pertaining to the Company’s repurchase of
Metair ordinary shares (“Shares”) pursuant to and in accordance with the general authority
granted by Shareholders at the Company’s annual general meeting held on 2 May 2018
(“General Authority”).

Shareholders are hereby advised that the Company has completed the general repurchase of
Shares in terms of the General Authority and the authority granted by Shareholders at the
Company’s annual general meeting held on 2 May 2019 and has in aggregate acquired 7 892
604 Shares (“Repurchased Shares”), being 3.97% of the Company’s issued share capital at a
total cost of R150 million. The Repurchased Shares have not been cancelled and will be held in
treasury until the next annual general meeting, where it will be proposed that 5 681 854 of the
Repurchased Shares be cancelled, following Shareholder approval of a specific repurchase of
such securities. 480 148 of the Repurchased Shares have already been used for the Metair share
scheme and the remaining 1 730 602 Repurchased Shares will be used for purposes of settling
future awards pursuant to Metair’s share scheme.


Johannesburg
24 May 2019

Sponsor
One Capital

Date: 24/05/2019 12:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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