Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2019-11-29 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

PBT Group to make capital reduction distribution
The company has declared an interim capital reduction distribution of 12 cents per share, amounting to a total of R13,02 million.

Reinet repurchases shares
The company repurchased 277,318, shares at an average price of R294.71 per share at a total cost of R81,73 million.

Go Life International may restructure
The company has announced it may restructure and/or dispose of the Bonhealthcare Property portfolio. This follows the placing in liquidation of one of the company's subsidiaries. If a comprehensive restructure is undertaken, the focus will be towards a more consumer products and healthcare applications business.

Anglo American repurchases shares
Anglo has repurchased 334,326 shares at a cost of £6,69 million (R126,41 million). The repurchase is part of the company's buyback programme announced on July 25, 2019.

South32 repurchases shares
The company this week repurchased 1,996,236 shares valued at A$5,25 million (R51,95 million).

Glencore repurchases shares
This week the company repurchased a further 19,015,946 shares at a cost of £46,8 million (R887,3 million) in terms of its buy-back programme.

Brainworks to change name
The company will commence trading under the new name Arden Capital on December 4, 2019 under the share code ACZ.

11 companies issued profit warning announcements
The following companies issued a profit warning this week: Stefanutti Stocks, Tharisa plc, Sasol, Hulisani, Nampak, Crookes Brothers, African Dawn Capital, Consolidated Infrastructure, Imbalie Beauty, PSV and Chrometco.

Seven companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Bell Equipment, Labat Africa, Advanced Health, Hulisani, Brait SE, Conduit Capital and Trustco.

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