Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2019-05-10 | Source: DealMakers | Author: Marylou Greig | Comments

Weekly corporate finance activity by SA exchange-listed companies

EPP issues shares for cash
The company has issued 77,96 million shares pursuant to the equity raise undertaken by the company in April. The shares issue were valued at R18.60 per share to raise R1,45 billion.


Ecsponent issues additional preference shares
Ecsponent has, under its R5 billion preference share programme, issued additional preference shares valued at R41,39 million.


Investec Australia Property Fund to list on ASX
The company has decided to pursue and additional primary listing on the ASX with an associated offer involving the issue of 76,923,077 new units in the Fund. Currently the Fund has a primary listing on the JSE and a secondary listing on the Bermuda Stock Exchange (BSE). Following the implementation of the ASX listing, the Fund will delist from the BSX. Investec Property Fund has agreed to make available up to 45 million Investec Australia Property Fund units at a price to be determined under the institutional bookbuild for the offer to facilitate the listing of the Fund on the ASX.


Old Mutual repurchases shares
The company has, this week, repurchase and cancelled a further 6,885,429 shares as part of its R2 billion share repurchase programme announced on March 11, 2019. The shares were acquired in a price range of R22.73 and R23.29 per share for an aggregate value of R120,32 million.


Glencore repurchase shares
This week the company repurchased a further 11,5 million shares at a cost of £33,7 million (R634,39 million) in terms of its buy-back programme.


South32 repurchases shares
The company has, this week, repurchased 1,530,895 shares valued at A$5,1 million (R51,4 million).


Reinet repurchases shares
The company has, this week, repurchased 158,799 shares at an average price of R239.81 per share valued at R38,08 million.


Four companies issued a profit warning announcement
The following companies issued profit warnings this week: Indluplace Properties, Famous Brands, Datatec and Mazor.


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