Corporate finance activity of the week

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Corporate finance activity of the week

Published Date: 2019-08-23 | Source: DealMakers | Author: DealMakers

Corporate finance activity of the week


Alviva repurchases shares
Alviva announced that it has spent R32,62m repurchasing an additional 1,957,541 ordinary shares in terms of the general authority granted at the AGM held in November 2018. The shares were repurchased between 28 May and 15 August. Total cumulative repurchase stands at 8,775,671 shares.


Anglo American repurchases shares
Anglo has repurchased a further 2,527,525 shares at an average price of £17.19 per share. The repurchase is part of the company's buyback programme announced on July 25, 2019.


Reinet repurchases shares
The company has repurchased a further 165,188 shares at an average price of R253.40 per share for a total consideration of R41,86 million.


Glencore repurchases shares
This week the company repurchased a further 15,846,751 shares in terms of its buy-back programme.


The following companies issued a profit warning announcement
Sanlam, African Rainbow Minerals, Wilson Bayly Holmes-Ovcon, Blue Label Telecoms, Hulamin, African and Overseas Enterprises, Rex Trueform and Old Mutual.


Two companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Trans Hex and Visual International.


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