ATLAS Mara Limited Buyback of Shares (8064S)
14 March 2019 - 5:08AM
UK Regulatory
TIDMATMA
RNS Number : 8064S
ATLAS Mara Limited
13 March 2019
13 March 2019
Atlas Mara Repurchase of Shares and Total Voting Rights
Update
Atlas Mara Limited ("Atlas Mara" or the "Company" and, including
its subsidiaries, the "Group"), the sub-Sahara African financial
services group, today announces that on 12 March 2019, the Company
repurchased 14,545 shares, all of which were purchased at an
average price of $1.60 and will be held as treasury shares.
Atlas Mara repurchased shares pursuant to the authority granted
by its Board of Directors, announced in its Q3 2018 Results RNS, to
reinstate a lapsed share purchase program. The granted authority is
for Atlas Mara to repurchase the Company's issued share capital up
to an aggregate market value equivalent to $10 million by way of
its nominated brokers, to whom it has granted discretion to carry
out the program.
As a result of the repurchase of shares, Atlas Mara's total
number of ordinary shares in issue is 174,618,767 of which
1,811,253 are now held in treasury with an additional 3,298,298
ordinary shares held in escrow as part of the contingent
consideration for the acquisition of FBZ. Atlas Mara hereby
notifies the market that the total number of voting rights in Atlas
Mara is 169,509,216. In accordance with rule 5.6.1 of the Financial
Conduct Authority's Disclosure and Transparency Rules ("DTRs"),
this figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, Atlas
Mara under the DTRs.
Contact Details
Investors
Kojo Dufu, +1 212 883 4330
Media
Teneo, +44 20 7420 3142
Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services
institution founded by Bob Diamond and listed on the London Stock
Exchange. Its vision is to create sub-Saharan Africa's premier
financial services institution through organic and inorganic growth
by combining the best of global institutional knowledge with
extensive local insights. With a presence in seven sub-Saharan
countries, Atlas Mara aims to be a positive disruptive force in the
markets in which we operate by leveraging technology to provide
innovative and differentiated product offerings, deliver excellent
customer service and accelerate financial inclusion. For more
information, visit www.atlasmara.com
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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