Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2019-09-06 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Europa Metals issues shares
Europa Metals, has received notices of exercise in respect of certain pre-existing warrants to subscribe for 212,000,000 new ordinary prices at R0.027 per shares and 133,333,334 shares at a price of R0.046 per share for a cash subscription of R1,198,356.

MultiChoice offers to repurchase stake in Phuthuma Nathi Investments
MultiChoice proposes to acquire up to a 20% stake in Phutuma Nathi Investments 1 and 2 which are listed on the EESE in exchange for MultiChoice shares at an exchange ratio of 0.97 MCG shares for every 1 PN share held.

Northam Platinum acquires further Zambezi Preference shares
Northam has reached an agreement with the Public Investment Corporation SOC to acquire 13,700,000 Zambezi preference shares at a price of R73.50 per Zambesi preference share for a total cash consideration of R1 billion. In a separate agreement, Northam acquired a further 3,980,382 Zambezi preference shares at the same price for a total cash consideration of R292,6 million. The acquisitions were funded from the company's cash reserves.

Union Atlantic Minerals' suspension update
UAT has received JSE consent to lift the suspension of trading in the securities of the company subject to the completion of the placing and issue of 194,367,163 shares under the existing General Authority for a minimum consideration of R5,8 million.

HPLR to change name
The Board of the Company has announced it wishes to propose that the company name be changed from Hosken Passenger Logistics and Rail Limited to Genesis Transport Holdings Limited. The expected record date of the name change is November 8, 2019.

South32 repurchases shares
The company this week repurchased 4,343,646 shares valued at A$11,27 million (R114,93 million).

Anglo American repurchases shares
Anglo has repurchased 942,695 shares at an average price of £17.46 per share. The repurchase is part of the company's buyback programme announced on July 25, 2019.

Glencore repurchases shares
This week the company repurchased a further 16,469,826 shares at a cost of £38,86 million (R709,7 million) in terms of its buy-back programme.

Ecsponent to list new series under preference share programme
Ecsponent proposes to list a new Series 7 Class D Preference shares on September 10, at an issue price per preference share of R100. The dividend rate is 12.5% per annum redeemable on September 9, 2024.

Transaction Capital to list on A2X
Transactional capital has announced it will take a secondary listing on A2X with effect from September 10, 2019.

Six companies issued a profit warning announcement
The following companies issued profit warnings this week: Discovery, Cognition, Aspen Pharmacare, Conduit Capital, Trencor and Labat Africa.

Seven companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: PSV, Mine Restoration Investments, Freedom Property Fund, Ascendis Health, Choppies Enterprises, Pembury Lifestyle, Bauba Resources and Rolfes.

DealMakers is SA's M&A publication.

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