---
title: "Alexforbes Sends Circular For New Veld Share Repurchase"
description: "Alexforbes issued a shareholder circular and called a general meeting to vote on a proposed repurchase of 372,773,547 shares from New Veld."
canonical_url: "https://liners.com/news/alexforbes-new-veld-specific-share-repurchase-circular-general-meeting"
markdown_url: "https://liners.com/news/alexforbes-new-veld-specific-share-repurchase-circular-general-meeting.md"
type: "article"
language: "en"
published_at: "2026-11-12T20:50:37.883Z"
updated_at: "2026-11-12T20:50:40.873Z"
---

# Alexforbes Sends Circular For New Veld Share Repurchase

Alexforbes issued a shareholder circular and called a general meeting to vote on a proposed repurchase of 372,773,547 shares from New Veld.

## Breadcrumbs

- [News](/news)
- [Alexforbes Sends Circular For New Veld Share Repurchase](/news/alexforbes-new-veld-specific-share-repurchase-circular-general-meeting)

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## Content

## In Short
Alexforbes says it has distributed a shareholder circular and notice of general meeting.

The circular relates to a proposed specific repurchase of 372,773,547 Alexforbes ordinary shares held by New Veld, LLC.

The repurchase price is R6.75 per share, subject to certain adjustments.

## What Happened: How Alexforbes Set Up The Shareholder Vote
[Alexforbes](/alexforbes) told shareholders it has issued a circular that includes a notice of general meeting. The company said the meeting will consider and, if approved, pass the resolutions required to implement the proposed specific repurchase.

The company previously announced on SENS that it had entered into an agreement with New Veld, LLC for the proposed repurchase. The deal covers 372,773,547 ordinary shares held by New Veld.

Alexforbes said the circular includes information required under the Companies Act 71 of 2008 and the JSE Listings Requirements. It also includes a positive fairness statement and a positive recommendation by the independent members of Alexforbes’ board.

Alexforbes said a copy of the circular is available on its website under shareholder notices. Shareholders can also request a copy from the Chief Governance, Risk and Compliance Officer, who is also the company secretary, or from the sponsor.

The general meeting is set to be held through electronic participation only at 09:00 on 11 December 2026.

## Why It Matters
A specific repurchase is a buyback from a named shareholder rather than buying shares in the open market. Because it can change ownership and capital structure, it typically requires shareholder approval and additional disclosures under JSE rules.

For Alexforbes shareholders, the circular is the key document for the vote. It sets out the terms of the proposed repurchase, the R6.75 per-share price and the board’s view on whether the transaction is fair.

## Sources and products

- [Sharenet](https://www.sharenet.co.za/v3/sens_display.php?scode=&seq=58&tdate=20261112163000)
- [Alexforbes](/alexforbes)

## Related pages

- [Policy & Regulation](/news)

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