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Retailers News South Africa

Foschini to repurchase shares during its closed period

The Foschini Group (TFG) advised on Thursday, 28 March 2013, that it has entered into a repurchase programme to repurchase shares during its closed period.

The closed period will commence on 1 April and is expected to end on 30 May‚ when the group's results are scheduled for release‚ it said.

The maximum aggregate consideration payable is R250 million.

Source: I-Net Bridge

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