This represents 5.08% of the company's issued share capital, immediately prior to the cancellation.
These shares were held as treasury shares by a subsidiary company, which repurchased the shares in terms of a general authority approved by shareholders at the Annual General Meetings held in years June 2002 to June 2005.
The group said the cancellation of these shares has no financial impact on the headline earnings (diluted and undiluted) and earnings (diluted and undiluted).
Following the cancellation, the company has 480,397,321 ordinary shares in issue of 1.25 cents each.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
