Tradehold Limited (JSE:TDH) announces a share repurchase program. Under the plan, the company will repurchase up to 7,433,346 shares. The repurchase price per Tradehold share is the 30-day volume weighted average price of a Tradehold Share calculated up to and including the close of trading on September 30, 2016. The shares will be repurchased from Imbali Props 21 Proprietary Limited. The shares repurchased will be cancelled and delisted. The purchase consideration shall remain outstanding on loan account in favor of Imbali Props 21 Proprietary Limited. The implementation of the transaction is subject to Imbali 21 delivering to the company written confirmation of the release by Nedbank Limited of the Tradehold Shares subject to the specific repurchase from the pledge held by Nedbank over such Tradehold Shares in a form and substance reasonably acceptable to Tradehold, obtaining Tradehold’s shareholders approval, the respective boards of directors of Imbali 21 and the Eligible Imbali 21 Shareholders approving the specific issue, Tradehold obtaining all such approvals as may be required for the delisting and listing of the relevant number of Tradehold Shares on the JSE. The Repurchase program is subject to a resolutive condition that if the specific issue has not occurred by January 15, 2017 (or such later date as Tradehold may notify Imbali 21 on written notice prior to 17:00 on January 15, 2017), then the repurchase agreement will automatically lapse and be of no further force and effect, and the parties shall be restored as near as possible to their position as if the repurchase agreement was not entered into. The repurchase program will be implemented on the business day immediately preceding the first closing date of the Collins Transaction. On November 23, 2016, the company sent a notice of meeting to its shareholders seeking their approval for the repurchase program at its General Meeting to be held on December 22, 2016.