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General Repurchase of Shares

Published: 2022-08-31 08:09:55 ET
<<<  go to JSE:SPG company page
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
Debt Company Code: BISGL
(“Super Group” or “the Group” or “the Company”)

GENERAL REPURCHASE OF SHARES

1. INTRODUCTION

In compliance with paragraphs 5.79 and 11.27 of the Listings Requirements of JSE Limited, the board of directors of Super
Group (“the Board”) hereby advises shareholders that, in accordance with the general authority granted by shareholders at
the Company’s annual general meeting held on 23 November 2021, the Group has cumulatively repurchased 25 025 919
ordinary shares, representing 6.7363 % of the Company’s issued share capital as at the date of the annual general meeting
(“Repurchase”).

2. DETAILS OF THE REPURCHASE

Details of the Repurchase are as follows:
 Dates of repurchases:                    Between 9 May 2022 to 30 June 2022 and on 30 August 2022.
                                          No shares were repurchased during the closed period which commenced on 1
                                          July 2022 and ended on 30 August 2022.
 Number of shares repurchased:            25 025 919
 Highest repurchase price per share:      R30.90
 Lowest repurchase price per share:       R24.83
 Average price per share:                 R29.63
 Total value of shares repurchased:       R741 504 065.72

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.

Following the Repurchase, the Group holds 12 612 747 shares as treasury shares, representing 3.47% of the Company’s
ordinary shares in issue as at the date of this announcement.

Following the Repurchase, the extent of the general authority to repurchase shares outstanding is 49 275 640 ordinary
shares, representing 13.26% of the total issued share capital of the Company as at the beginning of the Company's financial
year.

Prior to the Group entering its closed period from 30 June 2022, the Group purchased 7 662 717 shares which were
cancelled by the JSE. Application has been made to the JSE for the cancellation and delisting of a further 17 363 202
repurchased shares, which is expected to occur on or about 02 September 2022.

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 its subsidiaries (“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 and the Group;
- 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 confirms that the implementation of the Repurchase is
limited to a reduction in cash of R744 215 577.14 including transaction costs, as the Repurchase was funded from the
Company’s available cash resources.
Sandton
31 August 2022


Equity Sponsor

Investec Bank Limited



Debt Sponsor

RAND MERCHANT BANK (a division of FirstRand Bank Limited)