Momentum Group completes share repurchase program

Momentum Group Limited (JSE: MTM) announced the completion of its share repurchase program, authorized at the annual general meeting on November 21, 2024. The company repurchased 42,403,434 shares, representing 3.02% of the issued share capital at the time of the AGM, between November 21, 2024, and June 20, 2025. The repurchases were executed through the JSE order book, with share prices ranging from R28.57 to R35.92. The average repurchase price was R31.22, resulting in a total value of ZAR 1,323,834,255.06, excluding transaction costs. 40,553,434 shares have already been delisted, and the delisting of the remaining 1,850,000 shares is pending JSE approval. The company currently holds 74,564,608 shares as treasury shares. Post delisting, Momentum Group will have 1,362,744,968 shares in issue. The board affirms the repurchase won't impair the company's ability to meet obligations.