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Foschini Group Ltd Announces Closed Period Share Repurchase Programme


Monday, 30 Sep 2013 09:00am EDT 

Foschini Group Ltd announced that the Company has entered into a repurchase programme to repurchase shares during its closed period. The closed period will commence on October 1, 2013 and is anticipated to end on or about November 7, 2013, when the group's interim results for the period ended September 30, 2013 are expected to be released on SENS. The maximum aggregate consideration payable in terms of the repurchase programme is ZAR250 million. The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broking firm. 

Company Quote

11496.64
25.0 +0.22%
29 Aug 2014