Mazor Group Limited commences an Equity Buyback Plan for 21,870,288 shares, representing 20% of its issued share capital, under the authorization approved on July 31, 2017.

Mazor Group Limited (JSE:MZR) commences share repurchases on August 25, 2017, under the program mandated by the shareholders in the Annual General Meeting held on July 31, 2017. As per the mandate, the company is authorized to repurchase up to 21,870,288 shares, representing 20% of the issued ordinary share capital. The intention of the Directors is to utilize the general authority to repurchase shares in the capital of the company if, at some future date, the cash resources of the company are in excess of its requirements or there are other good reasons for doing so. In this regard, the Directors will take account of, inter alia, an appropriate capitalization structure for the company, the long-term cash needs of the company, and the interests of the company. The authority shall be valid until the next Annual General Meeting, provided that it will not extend beyond 15 months. As of May 15, 2017, the company had 109,351,442 shares in issue.