Mustek has continued its share buyback programme, acquiring another 2.6 million of its own shares for R12.03 million.
The shares made up about 3.1% of Mustek`s issued share capital when shareholders granted a general authority on 18 October last year.
Mustek says the shares were bought on the open market between 23 May and 20 June, with the highest price at 530c a share and the lowest at 444c.
The group has so far spent almost R24 million on its share buybacks since the general authority was granted. Prior to the latest announcement, Mustek bought more than 2.5 million shares for R11.56 million between 22 October last year and 22 May this year.
In terms of the authority it may acquire another 11.7 million shares this financial year.
The latest shares bought will be cancelled and Mustek is to apply to the JSE to reduce the number of Mustek shares listed on the exchange by that number.
The Mustek share was trading at 545c this morning, up 10c from yesterday`s close.
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