Bowler Metcalf Limited commences an Equity Buyback Plan for 20% of its issued share capital, under the authorization approved on November 7, 2018.

Bowler Metcalf Limited (JSE:BCF) commences share repurchases on May 17, 2019, under the program mandated by the shareholders in the Annual General Meeting held on November 7, 2018. As per the mandate, the company is authorized to repurchase up to 20% of its issued share capital. The repurchases may not be made at a price more than 10% above the weighted average of the market value on the JSE for the five business days immediately preceding the repurchase. The plan will expire at the conclusion of the next Annual General Meeting of the company or after 15 months, whichever is earlier.