As part of the Company’s disciplined capital allocation strategy, and following shareholder approval at the AGM, Amaanat implemented a voluntary share repurchase programme to provide liquidity to shareholders wishing to exit, while streamlining the shareholder register and preserving value for continuing shareholders.
The programme has now been successfully concluded across all three phases. All repurchases were executed at R585 per linked unit, representing a premium to the independent valuation of R411 per unit prepared by Deloitte in December 2024. The programme was funded from existing cash resources, with all solvency and liquidity requirements satisfied.
The voluntary share buy-back programme has now been successfully concluded across all three phases. Approximately 87% of shareholders were given the opportunity to participate, although only around 15% elected to do so. The repurchase represented approximately 2% of the Company’s shares, with total payments of approximately R50 million, including applicable pro-rata distributions.
The provided meaningful liquidity to participating shareholders in a structured, equitable and compliant manner, while the majority of shareholders remained invested and continue to participate in the Company’s recovery and long -term growth.
The Board extends its appreciation to shareholders who participated in the repurchase programme, as well as to those who remain invested for their continued confidence and support.