iOCO Limited, a South African technology group listed on the JSE, has repurchased an additional 2,183,365 shares between 2 January and 29 January 2026, at prices ranging from 431 to 465 cents per share, for a total value of R9.64 million excluding transaction costs. These repurchased shares are held as treasury shares.
Since 1 August 2025, iOCO has cumulatively repurchased 6,475,392 shares, representing roughly 1 of the company's issued share capital, with a total cash outlay of R26.48 million. Following the latest repurchase, the company now holds 8,561,999 shares in treasury.
The Board of iOCO stated that it has evaluated the impact of the repurchase and believes that proceeding with it is in the best interests of the company while maintaining financial flexibility to support future strategic goals and capital allocation priorities. The Board confirmed that the company remains solvent and liquid, with sufficient assets, working capital, and reserves to operate normally for the next twelve months.
