Libstar repurchases shares, winds down B-BBEE schemes

Libstar Holdings Limited repurchased 73,049,783 ordinary shares for a nominal consideration of R0.01 per share from its B-BBEE special purpose vehicles, Business Venture Investments No 2071 (Pty) Ltd and Business Venture Investments No 2072 (Pty) Ltd. These vehicles were established for the benefit of employees and black-owned businesses within Libstar’s value chain. The repurchase, exercised on the seventh anniversary of the schemes, follows terms outlined in a Relationship Agreement from April 2018 and was approved by shareholders prior to the company's listing. The company intends to wind down and deregister the B-BBEE SPVs and Trusts.

The JSE approved the delisting of the repurchased shares effective September 9, 2025. Following this, Libstar now has 608,871,625 shares in issue, with 13,059,362 held in treasury by a subsidiary. This cancellation of shares is expected to increase the beneficial holding of all existing shareholders.

Separately, beneficial interests in Libstar's securities have increased for several entities. As of September 9, 2025, Ninety One SA (Pty) Ltd’s holdings rose from 4.99% to 5.60%. On September 10, 2025, APEF Pacific Mauritius Limited’s interest increased from 37.02% to 41.46%, and Public Investment Corporation Soc Limited’s stake grew from 9.99% to 10.79% of the issued capital.