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TeleMasters Holdings Limited (JSE:TLM) News - Closed Period Share Repurchase Programme
TELEMASTERS HOLDINGS LIMITED
(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”)
CLOSED PERIOD SHARE REPURCHASE PROGRAMME
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 10 December 2021 (“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 2021 (2 525 000 shares).
Shareholders are advised that the Company, acting alone or through one of its subsidiary
companies, will be continuing with the share repurchase programme commenced in
October 2020 and that, in accordance with paragraph 5.72(h) of the JSE Listings
Requirements, may continue to repurchase shares during the closed period that
commenced on 1 January 2022 and is expected to terminate on or about 31 March 2022
when the Company is scheduled to publish its interim results for the six months ended
31 December 2021 (“closed period repurchase programme”).
Shares purchased in terms of the closed period repurchase programme 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
5 January 2022
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 05-01-2022 04:01:00
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