Ingenuity Property Investments Limited commences an Equity Buyback Plan for 251,199,172 shares, representing 20% of its issued share capital, under the authorization approved on January 25, 2019.

Ingenuity Property Investments Limited (JSE:ING) commences share repurchases in January 28, 2019, under the program mandated by the shareholders in the Annual General Meeting held on January 25, 2019. As per the mandate, the company is authorized to repurchase up to 251,199,172 shares, representing 20% of its issued share capital. The shares may not be repurchased at a price greater than 10% above the weighted average of the market value for the securities for 5 business days immediately preceding the date on which the repurchase is effected. The program shall expire at the conclusion of the next Annual General Meeting or 15 months from the date of passing of this resolution, whichever is earlier. As of December 7, 2018, the company had 1,255,995,859 shares in issue and had 90,062,000 shares in treasury.