Voluntary announcement - Sabcap general repurchase of shares
Voluntary announcement - Sabcap general repurchase of shares SABVEST CAPITAL LIMITED (Incorporated in South Africa) (Registration number 2020/030059/06) Share code: SBP ISIN: ZAE000283511 (“Sabcap” or “the Company”) VOLUNTARY ANNOUNCEMENT - SABCAP GENERAL REPURCHASE OF SHARES 1. INTRODUCTION Shareholders are advised that, in accordance with the general authority (‘’General Authority’’) granted by shareholders at the Company’s General Meeting held on 25 June 2020, Sabcap has repurchased 2,71% of the share capital in issue at the time that the General Authority was granted. The General Authority expired on 24 May 2021 being the date of t he 2021 Annual General Meeting (‘’AGM’’) of the Company. 2. DETAILS OF THE REPURCHASES Dates of repurchases 09/09/2020 – 14/05/2021 Number of shares repurchased 1 128 352 Value of shares repurchased R39,953,713 Average repurchase price per share 3540,89c Lowest repurchase price per share 2749,84c Highest repurchase price per share 5287,42c 3. DETAILS OF SHARES IN ISSUE Shares in issue on 25 June 2020 41 508 352 Shares repurchased 1 128 352 Shares cancelled in December 2020 508 352 Shares currently in issue 41 000 000 Shares currently held in treasury 620 000 Shares currently in issue, net of shares held in treasury 40 380 000 4. NEW GENERAL AUTHORITY At the AGM held on 24 May 2021, shareholders approved a new General Authority f or the repurchase of Sabcap shares in accordance with the terms of the resolution proposed. Sandton 26 May 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 26-05-2021 09:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.