BRIEF-Wescoal Repurchases About 17.3 Mln Shares

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BRIEF-Wescoal Repurchases About 17.3 Mln Shares
Credit: © Reuters.

Aug 23 (Reuters) - Wescoal Holdings Ltd WSLJ.J :

* JSE: WSL - GENERAL REPURCHASE OF SHARES

* WESCOAL - CO REPURCHASED ABOUT 17.3 MILLION WESCOAL ORDINARY SHARES

* WESCOAL - GENERAL REPURCHASE WAS FUNDED FROM COMPANY'S AVAILABLE CASH RESOURCES

* WESCOAL- REPURCHASE HAS NO SIGNIFICANT IMPACT ON FINANCIAL INFORMATION OF CO; WILL RESULT IN DECREASE OF CASH BALANCES BY R27.3 MILLION

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