Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2020-02-07 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Stenprop repurchases shares
The company has repurchased shares to mitigate the dilutive effect of the scrip dividend election. A total of 375,000 shares have been repurchased at 128 pence per share. The shares will be held as treasury shares.


Clicks repurchases shares
The company has repurchased 10,558,5288 ordinary shares on the open market for R256.93 per share in terms of the authority granted by shareholders at the AGM. The shares were acquired at a premium of 3.28% to the volume weighted average price as traded for the five days immediately preceding the date the repurchase was affected. The cancelled shares represent 4.03% of the issued ordinary share capital prior to the cancellation.


Anglo American repurchases shares
Anglo has repurchased 664,674 shares at a cost of £13,3 million (R258,63 million). The repurchase is part of the company's buyback programme announced on July 25, 2019.


Ecsponent issues additional preference shares
Ecsponent has, under its R5 billion preference share programme, issued additional preference shares valued at R16,47 million.


Transcend Residential Property Fund changes sector
The company has announced it has received approval from the JSE to transfer the company's listing from AltX to the SA Listed Property sector of the Main Board of the JSE with effect from February 12, 2020.


Three companies issued profit warning announcements
The following companies issued a profit warning this week: Sasol, City Lodge Hotels and Assore.


Five companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Nutritional, Accenture, Barloworld, Freedom Property Fund and Invicta.


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