Huge has repurchased shares worth around R6m

Telecommunications firm the Huge Group has bought back 3,88% of its shares for R5,57-million over the past five months.

The firm said in a statement to shareholders on Tuesday that it had repurchased more than 4,34-million shares on a number of occasions since October last year.

The shares were repurchased at between 120c a share and 300c a share.

This formed part of the company's plans to repurchase 20% of its issued securities, as approved by shareholders in September last year.

Huge would still repurchase about another 18-million shares.

By: Mariaan Webb