BRIEF-Long4life Says Group Repurchased Total Of 50 Mln Shares

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BRIEF-Long4life Says Group Repurchased Total Of 50 Mln Shares
Credit: © Reuters.

Oct 18 (Reuters) - Long4Life Ltd L4LJ.J :

* UPDATE ON SHARE BUYBACK PROGRAMME

* GROUP REPURCHASED TOTAL OF 50 MILLION SHARES REFERRED TO EARLIER

* HAD AUTHORITY TO BUY BACK 91 MILLION SHARES OF WHICH 65 MILLION SHARES REPURCHASED LEAVING BALANCE OF 26 MILLION SHARES WHICH CO MAY STILL REPURCHASE

* COMPANY'S CASH BALANCES DECREASED BY R151MILLION AS A RESULT OF REPURCHASE

* CO'S CASH BALANCES DECREASED BY R151MILLION AS A RESULT OF REPURCHASE

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