General Repurchase of Shares
INDEQUITY GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ ISIN: ZAE000016606
(“Indequity” or “the Company”)
GENERAL REPURCHASE OF SHARES
In compliance with paragraph 11.27 of the Listings Requirements of JSE Limited, the board of directors of
Indequity (“the Board”) hereby advises shareholders that Indequity has cumulatively repurchased 551 869
Indequity ordinary shares, representing 4.43% of the Company’s issued share capital, in terms of the
general authority granted by shareholders at the annual general meeting held on 16 January 2019
2. DETAILS OF THE REPURCHASE
Details of the Repurchase are as follows:
Date of repurchases: 19 July 2019 to 21 January 2020
Number of shares repurchased: 551 869
Lowest repurchase price per share: 600 cents
Highest repurchase price per share: 800 cents
Total value of shares repurchased: R4 348 389.40
The Repurchase was effected through the order book operated by the JSE and done without any prior
understanding or arrangement between the Company and the counter parties. None of the shares
repurchased were done so during a closed period.
Following the Repurchase, Indequity holds 1 182 883 shares as treasury shares, representing 9.59% of
the Company’s issued share capital.
Following the Repurchase, the extent of the general authority to repurchase shares outstanding is
1 938 412 ordinary shares, representing 15.57% of the total issued share capital of the Company at the
time the authority was granted.
51 869 of the shares repurchased have been cancelled and delisted. The remainder of 500 000 shares
will be cancelled and delisted on or about 31 January 2020.
3. OPINION OF THE BOARD
The Board has considered the effect of the Repurchase and is of the opinion that, for a period of
12 months following the date of this announcement:
- the Company and the group will be able, in the ordinary course of business, to repay its debts;
- the assets of the Company and the group will be in excess of the liabilities of the Company;
- the share capital and reserves of the Company and the group will be adequate for ordinary
business purposes; and
- the Company and the group will have adequate working capital for ordinary business purposes.
4. FINANCIAL INFORMATION PERTAINING TO THE REPURCHASE
The impact of the Repurchase has been calculated and the Board can confirm that the implementation of
the Repurchase is limited to a reduction in cash of R4 348 389.40 as the Repurchase was funded from
the Company’s available cash resources.
22 January 2020
Date: 22-01-2020 07:05:00
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