Johannesburg - Village Main Reef Gold Mining Company [JSE:VIL] has repurchased
30 937 210 of its own ordinary shares through its wholly owned subsidiary
Buffelsfontein Mines for an aggregate price of R36.94m.
The share repurchases is in terms of a general authority
granted by shareholders in November 2012 and have been funded from the
company's available cash resources‚ the company said on Friday.
The repurchases comprise 3.067% of the company's issued
share capital since the granting of the general authority.
The repurchased shares are to be held as treasury shares
after the repurchase.
The company may repurchase a further 170.8 million shares -
16.93% of the number of shares in issue - in terms of that general authority‚
which is valid until the company's next annual general meeting.
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