(PRESS RELEASE) LUXEMBOURG, 26-Mar-2019 — /EuropaWire/ — Reinet Investments S.C.A. announces an update on its Share Buyback Programme for the period between 18 to 22 March 2019. The total number of shares repurchased were 205 980 ordinary shares and the transactions have been carried out on the Johannesburg Stock Exchange.
The average price achieved was ZAR 246.32 per share (highest price: ZAR 249.45; lowest price: ZAR 241.49) for a total consideration of some ZAR 50.74 million (€ 3.1 million), plus transaction costs. These shares were bought as part of the company’s share buyback programme which was announced on 6 February 2019.
1 626 233 ordinary shares is the total number of shares repurchased to date since the beginning of the share buyback programme while the total consideration paid is ZAR 371.30 million (€ 23.1 million), plus transaction costs. More information on Reinet Investments S.C.A. share buyback programme can be found on the following web page: reinet.com/ir/share-buyback-programme.html
Reinet Investments S.C.A. is incorporated in the Grand Duchy of Luxembourg with its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. The company is a partnership limited by shares and 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. Reinet Investments S.C.A. 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 was established on 21 October 2008 when the former Richemont SA changed its legal form to that of a partnership limited by shares and adopted the name Reinet Investments S.C.A.
SOURCE: Reinet Investments S.C.A.