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October 25, 2005
Sanlam gets its own back
Sanlam’s share buyback was concluded successfully on Monday with the repurchase of R3,6bn worth of shares, but has not passed without some resentment.
As part of its capital management programme, the group proposed in September, a scheme of arrangement, under which it would buy back 10% of its shares at R12 per share, the volume weighted average price of Sanlam ordinary shares for the five business days to July 7 2005, plus a 20c premium...
As part of its capital management programme, the group proposed in September, a scheme of arrangement, under which it would buy back 10% of its shares at R12 per share, the volume weighted average price of Sanlam ordinary shares for the five business days to July 7 2005, plus a 20c premium.
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Posted by bernievn at October 25, 2005 7:55 AM