Corporate Finance Activity of the Week

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Corporate Finance Activity of the Week

Published Date: 2017-07-06 | Source: DealMakers | Author: DealMakers

Corporate Finance Activity of the Week

Safari Investments RSA issues shares

Safari has issued 20,000,000 shares to SA Corporate Real Estate for a total cash amount of R152 million. The shares were issued at R7.60 per share representing a premium of 9.76% to the 30 day volume weighted average traded price.


Spear REIT raises capital

Spear has successfully, by way of vendor placement, raised R182,5 million. 19,220,191 new shares were placed at an issue price of R9.50 per share.


Murry & Roberts to repurchase shares

The company has advised shareholders that it will embark on a repurchase programme of up to R250 million as part of its broader capital allocation strategy.


SA Corporate Real Estate to raise capital

SA Corporate plans to raise R600 million through an accelerated bookbuild process.


Alviva repurchases shares on the open market

The company has repurchased 3,840,000 shares on the open market for R79,2 million. The highest and lowest price paid by Alviva for the ordinary shares was R19.01 and R20.90.


South32 repurchases shares

The company has, this week, repurchased 2,140,640 shares for A$5,73 million (R57,30 million).


Brait SE repurchases shares

The company has repurchased a total of 303,451 shares at an average price of R58.35 in terms of its share buyback programme announced on August 16, 2016.


Visual International's listing suspended

The company was suspended with immediate effect on July 3 as it failed to comply with the JSE's Listing Requirements by not publishing their provisional financial statement within the three-month period.


DiamondCorp to delist from AltX

The company's listing on AltX will terminate on July 24, 2017.


RH Bophelo to list on the JSE

The company has been granted a main board listing on July 12, 2017 as a SPAC. Prior to listing RH Bophelo intends to raise a minimum of R500 million by way of an offer of 50,000,000 shares at R10.00 per share.


Satrix to list three new classes of ETFs on the JSE

Satrix is to list three new classes of Exchange Traded Funds of the JSE on July 25; the MSCI Emerging Markets Feeder Portfolio, the MSCI World Feeder Portfolio and the S&P 500 Feeder Portfolio. The ETFs will hold an initial public offer prior to listing, opening on June 30 and closing on July 17.


Mara Delta Property to change its name

The company is no longer associated with the Mara Group and therefore proposes that the company's name be changed to Grit Real Estate Income Fund. With shareholder approval, the company will trade under its new name on August 8, 2017,


Results of SA Corporate Real Estate's scrip distribution alternative

The company has issued 113,207,547 new shares in terms of its scrip distribution alternative. The issue price per share was R5.30 retaining R600 million.


Results of Life Healthcare's scrip distribution alternative

The company has issued 8,450,256 new shares in terms of its scrip distribution alternative. The issue price per share was R26.36 retaining R222,78 million.


Results of Santova's scrip distribution alternative

The company has issued 1,211,549 new shares in terms of its scrip distribution alternative. The issue price per share was R3.17 retaining R3,84 million.


Listing of additional AMI Big50 ex-SA securities

41 000 AMIB50 securities were issued on July 4 at an issue price of R12.81 per security. After listing there will be 375,500 securities in issue.


Listing of additional CoreShares S&P 500 securities

250 000 CSP500 securities were issued this week at an average issue price of R32.45 per security. After the securities have been issued and listed, there will be 12,347,323 securities in issue.


Listing of additional AfricaPalladium debentures

AfricaPalladium has issued an additional 700,000 debentures at an average issue price of R109.47 per debenture. After the additional issue there will be 42,500,000 AfricaPalladium debentures in issue, referencing 426 937.092 fine troy ounces of palladium.


Listing of additional PrefTrax securities

200,000 additional PrefTrax securities were issued and listed this week at an issue price of R9.20 per security. Following the listing there will be 47,640,000 securities in issue.


Listing of additional CoreShares Top 50 securities

100 000 additional Top 50 securities were issued and listed this week at an issue price of R20.55 per security. Following the listing there will be 10,761,735 securities in issue.


Listing of additional PropTrax Ten securities

150,000 additional PropTrax Ten securities were issued and listed this week at an issue price of R21.25 per security. Following the listing there will be 14,063,500 securities in issue.


Listing of additional DivTrax securities

200 000 additional DivTrax securities were issued and listed on July 3 at an issue price of R27.43 per security. Following the listing there will be 6,774,517 securities in issue.


Four companies issued profit warning announcements

The following companies issued profit warnings this week: WG Wearne, Kaydav, PBT Group and Brimstone Investment.


13 companies either issued, renewed or withdrew cautionaries

The following companies advised shareholders: Bonatla Property, Aveng, Buildmax, Holdsport, Long4Life, Vukile Property Fund, Delta Property Fund, Onelogix, Trustco, Dipula Income Fund, Mine Restoration Investments, Trematon Capital Investments and PSV.

(DealMakers is SA's M&A publication. www.dealmakers.co.za)



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