To view the PDF file, sign up for a MySharenet subscription.

LIBSTAR HOLDINGS LIMITED - Share Repurchase Programme

Release Date: 19/12/2018 12:37
Code(s): LBR     PDF:  
Wrap Text
Share Repurchase Programme

Libstar Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/032444/06)
(JSE share code: LBR)
(ISIN: ZAE000250239)
(“Company” or “Libstar”)


Shareholders are advised that the Company has established a share repurchase programme in terms
of which the Company and/or its subsidiaries may repurchase up to 20,457,642 ordinary shares in the
Company (“Libstar Shares”), constituting 3% of the total issued ordinary share capital of Libstar
(“Repurchase Programme”).

The Repurchase Programme will be effected in accordance with the general authority to repurchase
shares for cash, which was granted in terms of a special shareholder resolution dated 13 April 2018
(“General Authority”). The General Authority is subject to the provisions of the Company’s
Memorandum of Incorporation and the JSE Listings Requirements, the salient terms of which are set
out in paragraph 2.3 of Section 10 of the pre-listing statement dated 24 April 2018. The Repurchase
Programme will not impact the Company’s commitment to pursue its growth strategies.

The Company has entered into an agreement with RMB Morgan Stanley to conduct the Repurchase
Programme. Libstar Shares purchased in terms of the Repurchase Programme may not be made at a
price greater than 10% above the volume weighted average trading price of Libstar Shares over the
five trading days immediately preceding any particular repurchase. This will be effected through the
order book operated by the JSE Limited.

19 December 2018

The Standard Bank of South Africa Limited

Date: 19/12/2018 12:37:00 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.

Email this JSE Sens Item to a Friend.

Share This Story