• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

Village repurchases R36m worth of shares

Jan 18 2013 10:14
I-Net Bridge

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.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...