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OCEANA GROUP LIMITED - Repurchase, Cancellation And Delisting Of Treasury Shares

Release Date: 30/03/2020 13:59
Code(s): OCE     PDF:  
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Repurchase, Cancellation And Delisting Of Treasury Shares

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration number 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN Number: ZAE 000025284
("Oceana" or "the Company" or “the Group”)

REPURCHASE, CANCELLATION AND DELISTING OF TREASURY SHARES

Shareholders are advised that Oceana has repurchased 5,094,350 ordinary shares of no par value held
in treasury by its wholly-owned subsidiary, Lucky Star Limited ("Lucky Star") (“Treasury Shares”) at a
repurchase price of R17,40 per share (in aggregate R88,650,907) (the “Repurchase”). The Repurchase
was executed in accordance with the requirements of the Companies Act No. 71 of 2008 and is cash
neutral for the Group.

The Treasury Shares were acquired by Lucky Star in terms of specific authorities to repurchase shares
approved by Oceana shareholders during the annual general meeting held on 8 February 2007 and
the general meeting of shareholders held on 19 December 2007, respectively.

Following the Repurchase, the Company applied to the JSE Limited (“JSE”) for the cancellation and
delisting of the Treasury Shares and accordingly, the Treasury Shares will be cancelled and delisted on
the JSE on 30 March 2020.

The Treasury Shares represented 3,76% of the issued share capital of the Company immediately prior
to their cancellation. Following the cancellation, the issued share capital of the Company now
comprises 130 431 804 ordinary shares of no par value.


Cape Town
30 March 2020

JSE Sponsor: The Standard Bank of South Africa Limited

NSX Sponsor: Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 30-03-2020 01:59:00
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