COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
29 NOVEMBER 2019
REINET INVESTMENTS S.C.A. ANNOUNCES COMPLETION OF SHARE BUYBACK PROGRAMME
Reinet Investments S.C.A. today announces that the share buyback programme announced on 6 September 2019, the fourth programme to date, was completed on 27 November 2019. Since the commencement of the programme on 11 September 2019, a total of 2 954 358 shares have been repurchased for a total consideration of ZAR 820.68 million (EUR 50 million), including transaction costs; EUR 50 million being the aggregate maximum amount approved for the programme. The shares repurchased will be held as treasury shares.
Final transaction update:
Reinet Investments S.C.A. has repurchased 112 067 ordinary shares in the period 25 November 2019 to 27 November 2019. The shares were repurchased on the Johannesburg Stock Exchange at an average price of ZAR 302.92 per share (highest price: ZAR 308.85; lowest price: ZAR 298.62) for a total consideration of some ZAR 33.95 million (EUR 2.1 million), plus transaction costs.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Reinet Investments S.C.A. (the ‘Company’) is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. a specialised investment fund also incorporated in Luxembourg. The Company’s ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company’s ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange.
Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Legal Entity Identifier : 222100830RQTFVV22S80
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10, Fax (+352) 22 72 53