BOWLER METCALF LIMITED - Closed Period Share Repurchase Programme

Closed Period Share Repurchase Programme

BOWLER METCALF LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1972/005921/06)
Share code: BCF ISIN: ZAE000030797
(“the Company” or “Bowler Metcalf”)

CLOSED PERIOD SHARE REPURCHASE PROGRAMME

Shareholders are advised that the Company has, in compliance with paragraph 5.69(h)
of the Listings Requirements of the JSE Limited (“JSE”), established a share repurchase
programme in terms of which the Company, through its subsidiary company, may
repurchase up to 1 760 881 ordinary shares during its closed period (“Repurchase
Programme”). This closed period commences on 30 June 2020 and terminates on or
about 30 September 2020, when the Company is scheduled to publish its financial
results for the year ended 30 June 2020. Such repurchase will be effected pursuant to
and in accordance with the general authority to repurchase shares granted by
shareholders at the Company’s annual general meeting held on 7 November 2019.

Shares purchased in terms of the Repurchase Programme may not be made at a price
greater than 10% above the volume weighted average trading price of Bowler Metcalf
shares over the five trading days immediately preceding any particular repurchase and
will be effected through the order book operated by the JSE, without any prior
understanding or arrangement between the Company and/or its subsidiaries and the
counterparties. The Company has entered into an agreement with an independent
broker to conduct the Repurchase Programme.

Any repurchases will be effected within certain pre-set parameters of the Repurchase
Programme and the Listings Requirements of the JSE.


Cape Town
30 June 2020

Sponsor
Arbor Capital Sponsors

Date: 30-06-2020 02:17:00
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