BCX Share buying to continue

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Business Connexion (BCX) would continue to repurchase shares during the closed period, it said on Friday. The closed period began at the close on Friday and will end when the company publishes half-year results to February on about April 15. The company said it had signed a mandate with a single agent with the authority to rebuy up to 13 million shares. The firm said: “Shares may not be repurchased at a price greater than 10 percent above the weighted average trading price of the company’s shares over the five trading days preceding any particular repurchase.” Shares fell 2.61 percent to R5.60 on Friday. – Asha Speckman


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