4Sight Holdings has announced a strategic step in its capital allocation with the proposed repurchase of 18 181 819 ordinary shares from major shareholder Silver Knight Trustees Proprietary, in a move the board believes will unlock long-term value for investors and strengthen the company’s capital structure.
The transaction forms part of a specific share repurchase agreement concluded between 4Sight and the Seller. The shares will be acquired at 55 cents per share, representing a 25,2% discount to the 30-day volume-weighted average price (VWAP) as at 7 January 2026.
4Sight group CEO Tertius Zitzke says: “The repurchase represents a disciplined and strategic use of capital and creating shareholder value.”
According to the circular distributed to shareholders, the board believes that 4Sight’s current share price does not reflect the intrinsic value of the Group. The discounted repurchase, followed by the cancellation of the repurchase shares, is expected to provide a direct uplift in per-share value.
Following the buy-back, the board affirms its commitment to continue supporting share transactions that increase shareholder value.
Post-repurchase, 4Sight’s issued share capital will reduce from 550 281 766 to 532 099 947 shares, effectively tightening the free float and increasing the proportional ownership of existing shareholders.
The repurchase consideration of R10-million will be settled entirely from the Group’s existing cash resources. The financial effects outlined in the circular reflect:
- A decrease of R10,29-million in cash and stated capital; and
- An annual reduction in investment income of approximately R675 000, assuming a 6,75% interest rate.