General repurchase announcement
MOTUS Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 2017/451730/06
Share code: MTH
REPURCHASE OF SHARES ON THE OPEN MARKET
In terms of paragraph 5.79 and 11.27 of the Listings Requirements of the JSE Limited (“JSE”),
shareholders are advised that Motus has purchased 6 081 968 of its own ordinary shares in terms
of the general authority granted by shareholders at the company’s annual general meeting held on
17 September 2018 of 10 098 573 shares (“the General Repurchase”), which constitutes 3% of the
company’s issued share capital at the beginning of the share repurchase program.
The General Repurchase was effected through the order book operated by the JSE trading system
without any prior understanding or arrangement between Motus and the counter parties. No shares
were repurchased during any prohibited period.
2. DETAILS OF THE REPURCHASE
Dates of repurchase of securities From 30 November 2018 to 31 May 2019
Highest price paid per share R 87.6489
Lowest price paid per share R 76.1491
Average effective price paid per share R 84.8915
Number of shares repurchased 6 081 968
Value of shares repurchased R 516 307 634
The number and percentage of Shares which 4 016 605 being 2% of issued share capital
may still be repurchased by the Company in terms of its general authority
Total shares in issue after the share 198 680 763
* As part of the General Repurchase, the company acquired 2 791 281 ordinary shares on behalf
of the company’s share incentive schemes, which will be used to settle any obligations to such
share incentive schemes and will be held in treasury until such time. During April 2019, the
company delisted and cancelled 2 789 199 shares. The 198 680 763 shares reflected above
assume that a further 501 488 of the shares have been delisted by the JSE. The company will
make application to the JSE for the further repurchased shares to be delisted by no later 7 June
After the repurchase 4 644 623 shares are held on behalf of the share incentive schemes in
3. STATEMENT BY THE DIRECTORS
The directors of Motus confirm that, after considering the effect of the General Repurchase, for a
period of 12 months after the date of this announcement:
- Motus and its subsidiaries (“the group”) will be able in the ordinary course of business to
pay its debts;
- the assets of Motus will be in excess of the liabilities of Motus group;
- the share capital and reserves of Motus will be adequate for ordinary business purposes;
- the working capital of the Motus group will be adequate for ordinary business purposes.
4. SOURCE OF FUNDS
The General Repurchase was funded from the company’s available cash resources.
5. IMPACT OF THE GENERAL REPURCHASE ON THE FINANCIAL INFORMATION OF THE
The impact of the General Repurchase on the financial statements of the group is as follows:
The net effect has been a cash outflow of R 516.3 million excluding costs. The corresponding
reduction in shareholder’s equity will result in the interest earned on the cash resources being
forgone in the future.
4 June 2019
The Standard Bank of South Africa Limited
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