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TELEMASTERS HOLDINGS LIMITED - Closed Period Repurchase Programme

Release Date: 01/07/2021 15:46
Code(s): TLM     PDF:  
Wrap Text
Closed Period Repurchase Programme

(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM & ISIN Number: ZAE000093324
(“TeleMasters” or “the Company” or “the Group”)


In accordance with the general authority to repurchase shares granted to the board of
directors at the annual general meeting of the Company held on 4 December 2020
(“the AGM”), the Company, acting either directly or through a subsidiary company, may
purchase up to 5% of its shares in issue as at the commencement of the financial year on
1 July 2020 (2 100 000 shares).

Shareholders are advised that the Company, acting through one of its subsidiary
companies, will be continuing with the share repurchase programme commenced in
October 2020 (under the previous authority to repurchase shares) and that, in
accordance with paragraph 5.72(h) of the JSE Listings Requirements, may continue to
repurchase shares during the closed period commencing on 1 July 2021 and terminating
on or about 30 September 2021, when the Company is scheduled to publish its financial
results for the year ended 30 June 2021 (“closed period repurchase programme”).

Shares purchased in terms of the closed period repurchase program will not be
purchased at a price greater than 10% above the volume weighted average traded
price of the Company’s shares on the Johannesburg Stock Exchange for the 5 (five)
business days preceding any particular purchase and will be effected through the order
book operated by the JSE Limited.

The closed period repurchase programme may be discontinued at any stage during the
period concerned and there is no obligation on the Company or its subsidiary to
purchase any shares during this period.

Waterfall City
1 July 2021

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 01-07-2021 03:46:00
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