ELB GROUP LIMITED - Dealings by the ELB Share Incentive Trust

2018-01-12 14:02:00

ELR 201801120026A
Dealings by the ELB Share Incentive Trust

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)

DEALINGS BY THE ELB SHARE INCENTIVE TRUST

In compliance with the JSE Limited Listings Requirements, shareholders are hereby advised that ELB Group Limited,
via the ELB Share Incentive Trust (“the Trust”), entered into a repurchase programme to repurchase ordinary shares
during a closed period (“Repurchase Programme”) in order to satisfy the obligations of the Trust, in respect of
identified participants.

The closed period commenced on 1 January 2018 and will terminate when the Company releases its interim results
for the six months ended 31 December 2017 on SENS, which is expected to be on/before 30 March 2018 (“the Closed
Period”).

In compliance with paragraph 14.9 of schedule 14 to the JSE Listings Requirements, the Company confirms that –
    - the Repurchase Programme was put in place, and the JSE notified accordingly, prior to commencement of the
       Closed Period; and
    - a single independent agent (broker) was mandated, on an irrevocable basis, to execute the Repurchase
       Programme in terms of certain pre-set parameters.

The Repurchase Programme was executed in terms of the general authority granted by shareholders at the
Company’s annual general meeting on 23 November 2017. The repurchase of ordinary shares was not executed at a
price higher than 10% above the weighted average trading price for ELB ordinary shares for the five business days
immediately preceding the date on which any such repurchase was effected. The repurchased ordinary shares,
following the Repurchase Programme, will be held by the Trust against unexercised share options.

The following additional information is provided in compliance with paragraph 3.92 (read with 3.63 to 3.74) of the JSE
Listings Requirements:

Class of security                                      Ordinary shares
Nature of transaction                                  On-market acquisition

Transaction 1:
Date of transaction                                    11 January 2018
Number of ordinary shares                              40 000
Price per share                                        R19.00
Value of transaction                                   R760 000
Nature of interest                                     Direct non-beneficial

Transaction 2:
Date of transaction                                    12 January 2018
Number of ordinary shares                              12 924
Price per share                                        R19.00
Value of transaction                                   R245 556
Nature of interest                                     Direct non-beneficial

Boksburg
12 January 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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