Enhanced Investments - Financial Portal

Repurchase of Ordinary Shares

Published: 2023-01-24 10:43:29 ET

AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code: AME       ISIN: ZAE000055802
(“the company”)


REPURCHASE OF ORDINARY SHARES


The company may, in accordance with the general authority to repurchase ordinary shares
granted to the board of directors at the annual general meeting of the company held on
Thursday, 25 August 2022, repurchase up to 20% of its issued ordinary share capital as at
31 March 2022 (7 843 952 ordinary shares).

In terms of the Listings Requirements of the Johannesburg Stock Exchange (“the JSE”),
aggregate repurchases of 3% or more in any one financial year must be announced as soon as
possible after the threshold has been reached.

Shareholders are therefore advised that the company has, during the period 31 March 2022 to
date, repurchased 451 775 ordinary shares, with the general authority to repurchase still
applicable in respect of the balance of 1 117 015 ordinary shares.

The shares repurchased were cancelled immediately upon repurchase and will be added back
to the authorised and unissued share capital of the company. Application will be made in due
course to the JSE for the delisting of the ordinary shares repurchased.

By order of the board

Johannesburg
24 January 2023

Sponsor
AcaciaCap Advisors Proprietary Limited
(Registration number 2006/033725/07)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.