4 Jan 2019 16:52
4 January 2019
Atlas Mara Commences Its Share Buyback Programme
Atlas Mara Limited ("Atlas Mara" or the "Company" and, including its subsidiaries, the "Group"), the sub-Sahara African financial services group, today announces it has commenced its share buyback programme.
Atlas Mara will be repurchasing shares pursuant to the authority granted by its Board of Directors, announced in its Q3 2018 Results Statement. The granted authority is for Atlas Mara to repurchase the Company's issued share capital up to an aggregate market value equivalent to $10 million by way of its nominated brokers and has entered into an agreement with CitiGroup Global Markets Ltd ("Citigroup") to conduct the share buyback programme on its behalf and to make trading decisions under the programme independent of Atlas Mara. The programme commenced on 3 January 2019 and will run through Q1 2019. Shares acquired will be held as Treasury Shares.
Contact Details
Investors
Kojo Dufu, +1 212 883 4330
Media
Teneo, +44 20 7420 3142
Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services institution founded by Bob Diamond and listed on the London Stock Exchange. Its vision is to create sub-Saharan Africa's premier financial services institution through organic and inorganic growth by combining the best of global institutional knowledge with extensive local insights. With a presence in seven sub-Saharan countries, Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, deliver excellent customer service and accelerate financial inclusion. For more information, visit www.atlasmara.com