It explains that these shares were bought back as part of a general repurchase by a subsidiary company in terms of the general authority to repurchase shares approved by shareholders at the annual general meetings held in January 2007 and 2008.
“The cancellation of these shares has no financial impact on the headline earnings per share (diluted and undiluted) and earnings per share (diluted and undiluted) of New Clicks,” emphasized the company.
It said the shares cancelled represent 6.63% of the issued share capital immediately prior to such cancellation.
Following the cancellation, the issued share capital of the company will now comprise of 302,639,225 ordinary shares of one cent each.
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