AFRIMAT LIMITED - Closed period share repurchase programme

Closed period share repurchase programme

Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or “the Company”)


CLOSED PERIOD SHARE REPURCHASE PROGRAMME


Shareholders are hereby advised that Afrimat has, via its subsidiary company, granted a mandate for the
repurchase of its ordinary shares during its closed period. This closed period commences on
1 September 2019 and terminates on or about 31 October 2019 when the company is scheduled to
publish its final results.


In terms of the authority granted at the annual general meeting of shareholders held on Wednesday,
31 July 2019 a maximum of one million (1 000 000) shares may be repurchased at a value not to exceed
R30,0 million. Any repurchase of shares must be executed at a price not higher than 10% above the
weighted average trading price for Afrimat ordinary shares for the five business days immediately
preceding the date on which any such repurchase is effected. The mandate has been granted to a single
agent who has full discretion in executing the Share Repurchase Programme.


Cape Town
30 August 2019
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 30/08/2019 08:00:00
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