MiX Telematics reloads buyback firepower

• MiX Telematics (NYSE:MIXT) adds R126.5M to the existing share repurchase program, which currently stands at R33.5M. That brings the total amount of shares available to repurchase to R160M.
• The total value of the whole share repurchase program post the December 3, 2021 increase is R396.5M (R126.5M currently announced+R270M prior program).

• The share repurchase program will extend from December 3, 2021 unless and until discontinued by the Board or the date when the R160 million limit is exhausted.