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TeleMasters Holdings Limited Announces Closed Period Share Repurchase Program

Strategic Insights

— 1 min read

TeleMasters Holdings Limited, a Johannesburg-listed company, has announced its intention to proceed with a closed period share repurchase program, leveraging the authority granted by its board of directors. The program, which commenced on July 1, 2025, allows the company to repurchase up to 5% of its shares in issue as of July 1, 2024, amounting to 2,874,142 shares. This program is a continuation of the company's previous share repurchase initiatives, which commenced in October 2020. The closed period, during which the repurchases will be conducted, coincides with the scheduled release of TeleMasters' financial results for the fiscal year ending June 30, 2025.

Key Takeaways:

  • The closed period share repurchase program is a continuation of TeleMasters' previous share repurchase initiatives, which commenced in October 2020.
  • The program allows the company to repurchase up to 5% of its shares in issue as of July 1, 2024, amounting to 2,874,142 shares.
  • The closed period repurchases will be conducted through the Johannesburg Stock Exchange's (JSE) order book, with an independent broker overseeing the process.
  • The price of the repurchased shares will not exceed 10% above the volume-weighted average traded price over the five business days preceding each purchase.
  • The company retains the option to discontinue the program at any point.
  • The transactions will be conducted during the closed period from July 1, 2025, to approximately September 30, 2025.
  • The program is subject to the authority granted by TeleMasters' board of directors during the Annual General Meeting held on November 28, 2024.
  • The shares will not be repurchased at prices exceeding 110% of the volume-weighted average traded price, as calculated by an independent broker.

Statistics:

  • 2,874,142 shares are eligible for repurchase under the closed period share repurchase program.
  • The program allows for a maximum repurchase of 5% of TeleMasters' shares in issue as of July 1, 2024.
  • The closed period for the repurchase program is from July 1, 2025, to approximately September 30, 2025.

Sources:

  • TeleMasters Holdings Limited, "TeleMasters Holdings Limited - Announcement" (30 Jun 2025) (Johannesburg Stock Exchange)

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