• Alexforbes issued a shareholder circular for the proposed repurchase of 372,773,547 ordinary shares held by New Veld.
• The repurchase price is R6.75 per share, subject to certain adjustments.
• Shareholders will vote on the transaction at a virtual general meeting on December 11, 2026.
• Independent board members issued a positive fairness statement and recommended the repurchase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alexander Forbes Group Holdings Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S606549), on November 12, 2026, and is solely responsible for the information contained therein.