The company noted that the share repurchase programme may be discontinued at any time and that there is no obligation to repurchase any specific number of shares under the programme.
iOCO Limited, a South African technology group listed on the JSE, has repurchased an additional 2,183,365 shares between 2 January and 29 January 2026, at prices ranging from 431 to 465 cents per share, for a total value of R9.64 million (excluding transaction costs). These repurchased shares are held as treasury shares.
Since 1 August 2025, iOCO has cumulatively repurchased 6,475,392 shares, representing roughly 1% of the company’s issued share capital, with a total cash outlay of R26.48 million. Following the latest repurchase, the company now holds 8,561,999 shares in treasury.
The Board of iOCO stated that it has evaluated the impact of the repurchase and believes that proceeding with it is in the best interests of the company while maintaining financial flexibility to support future strategic goals and capital allocation priorities. The Board confirmed that the company remains solvent and liquid, with sufficient assets, working capital, and reserves to operate normally for the next twelve months.
The repurchase was conducted through the JSE order book, without any prior arrangement with counterparties, and was funded from the Group’s available cash resources, resulting in a decrease in cash balances of R9.64 million. The remaining general authority granted by shareholders at the 3 December 2025 annual general meeting allows iOCO to repurchase up to 121,139,857 ordinary shares, representing 19.3% of the total issued share capital at the time the authority was granted.
In addition, iOCO has launched a new share repurchase programme through a wholly-owned subsidiary, under which the company may repurchase up to 4 million ordinary shares. Shares under this programme may be repurchased at prices up to 10% above the volume-weighted average trading price over the five business days immediately preceding a repurchase. The programme will include purchases during the closed period for the company’s interim results for the six months ending 31 January 2026, expected to be released around 18 March 2026.
The company noted that the share repurchase programme may be discontinued at any time and that there is no obligation to repurchase any specific number of shares under the programme.
