Corporate finance activity of the week

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Corporate finance activity of the week

Published Date: 2017-08-04 | Source: DealMakers | Author: DealMakers

Corporate finance activity of the week

The Foschini Group undertakes accelerated bookbuild
The company has raised R2,5 billion on the back of strong demand, and will issue 17,241,380 ordinary shares at a price of R145.00 per share. The funds raised will go towards the recent acquisition of Australian-based Retail Apparel Group.


Sirius Real Estate undertakes private placement
The company has announced plans for a private placement of 39,888,185 new ordinary shares to institutional investors to raise approximately €25 million to acquire a property portfolio in Germany.


Equites Property Fund undertakes successful equity raise
Equites raised R1,02 billion by the issuance of 59,020,730 shares at R17,20 per share.


Impala Platinum to list its convertible bonds
The JSE has approved the listing of the ZAR Bonds on the Main Board on Monday July 31.


Astoria Investments changes listing status
The company has converted its listing status on AltX from a secondary listing to a primary listing effective July 31, 2017. From this date Astoria will hold primary listings on both the SEM and AltX and a secondary listing on the main board of the NSX.


Ecsponent issues additional preference shares
Ecsponent has, under its R5 billion preference share programme, issued additional preference shares valued at R27,4 million.


Listing of additional Satrix500 securities
300,000 Satrix500 securities were issued this week at an average issue price of R30.79 per security. After listing there will be 1,174,051 securities in issue.


Listing of additional SatrixWDM securities
200,000 SatrixWDM securities were issued this week at an average issue price of R32.65 per security. After listing there will be 970,139 securities in issue.


Listing of additional SatrixEMG securities
300,000 SatrixEMG securities were issued this week at an average issue price of R35.83 per security. After listing there will be 1,672,719 securities in issue.


Listing of additional AfricaPalladium debentures
AfricaPalladium has issued an additional 1,000,000 debentures at an issue price of R113.14 per debenture. After the additional issue there will be 43,300,000 AfricaPalladium debentures in issue, referencing 434,830.53 fine troy ounces of palladium.


Listing of additional NewGold Palladium debentures
NewGold Palladium has issued an additional 4,000,000 debentures at an average issue price of R112.00 per debenture. After the additional issue there will be 22,984,696 NewGold Palladium debentures in issue, referencing 236,647.439 fine troy ounces of palladium.


Four companies issued profit warning announcements
The following companies issued profit warnings this week: Gold Fields, Pick n Pay Stores, Italtile and AngloGold Ashanti.


Six companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Sovereign Food Investments, Royal Bafokeng Platinum, Aveng, Platfields, Hwange Colliery and Brikor.

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



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