Thursday, November 5, 2015

Atlas Mara announced repurchase of shares

Atlas Mara Limited, BVI-registered sub-Saharan African financial services group, on 3 November 2015 repurchased 20,000 shares, at a price of US$5.50. The shares, all of which will be held as treasury shares, have been repurchased pursuant to the authority granted by company’s Board of Directors to re-initiate share repurchase program. In accordance with the program, Atlas Mara Limited will seek to acquire up to US$10mln of its ordinary shares in the market.

As a result of share repurchase, company’s total amount of ordinary shares is 72,458,524; of them, 1,6888,559 shares are held in treasury. Atlas Mara has notified the market that the total number of voting rights in the company is 70,769,965.