Ann: Disclosure Document - Repurchase of Shares, page-3

This is their internal share incentive scheme. If someone leaves the Company, or for one or another reason elects not to exercise their options, the share offer lapses or is withdrawn. By the Company cancelling the shares, there is no financial impact other than for us shareholders. Numbers are small in the general scheme of things, but means less shares on issue and therefore the opposite of dilution ie Earnings per share actually increase.

They are essentially just following due process. Nothing more than that.

Hope this helps

Rokewa