Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2020-03-27 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

MultiChoice repurchases shares
The company has repurchased 10,100,364 shares for R973,58 million at an average price of R96.39 per share.


Capital Appreciation repurchases shares
The company has repurchased 39,750,489 shares for R30,43 million. The shares were repurchased between 28th August 2019 and 18th March 2020.


Alexander Forbes cancels repurchase of shares
The company has announced that due to the impact of coronavirus on markets it has cancelled plans to repurchase 200,8 million Alexander Forbes shares from Mercer Africa valued at R1,03 billion.


Adcock Ingram repurchases shares
The company has repurchased 2,714,837 shares for R105,18 million. The shares were repurchased between 16th and 20th March 2020.


Quilter repurchases shares
The company has repurchased 6,534,953 shares for R141,5 million. The shares were repurchased on 20th March 2020.


Ecsponent issues shares
The company has issued 8,808,624,705 ordinary shares to MHMK Group at a subscription price of R0.0245 per shares resulting in a total subscription consideration of R215,8 million. Following the specific issue MHMK Group will hold directly and indirectly 9,419,475,981 shares comprising 95.26% of the total issued share capital of the company.


Capital & Counties Properties plc repurchases shares
The company repurchased 110,000 shares during the week valued at R3,19 million.


South32 repurchases shares
The company this week repurchased 3,161,093 shares valued at A$5,7 million (R58,1 million).


PBT repurchases shares
PBT has repurchased 5,384,214 shares, representing 4.99995% of the total issued share capital of the Company for a total consideration of R11,58 million.


Exxaro Resources to list on A2X
The company has announced that its shares have been approved for inclusion in the list of qualifying equity securities to be traded on A2X with effect from April 2, 2020. Exxaro will retain its primary listing on the JSE and its issued share capital will be unaffected by the secondary listing on A2X.


MAS Real Estate to delist from Euro MTF market of the LuxSE
The company has announced it has received the necessary approval for the delisting of all its shares, being 708 343 798 shares, from the Euro MTF market of the LuxSE with effect from 26 June, 2020. MAS will retain its primary listing on the JSE.


Astoria Investments shares suspended on AltX
The company's shares have been suspended as Astoria no longer meets the Listing Requirements of the JSE as they pertain to the required spread of public shareholders.


Two companies issued profit warning announcements
The following companies issued a profit warning this week: EOH and Jasco Electronics.


Six companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: PSV, AEP Energy Africa, Ecsponent, Union Atlantic Minerals, Sasfin and Conduit Capital.


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