Retailers News South Africa

Truworths repurchases shares

Truworths International (TRU) has repurchased a further 13 524 763 of its own shares by way of open market transactions on the JSE since October 2008‚ it said today, 12 March 2013.

The repurchase transactions were executed in accordance with the general authority originally granted to the directors by special resolution of shareholders taken at the annual general meeting held on 8 November 2007 which was subsequently renewed at the AGMS held in November 2008 to 2012 inclusive.

The shares repurchased constitute 3% of the 450 825 442 shares of the company in issue on 8 November 2007.

Source: I-Net Bridge

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