Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2020-10-23 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Capital & Counties Properties increases stake in Shaftesbury
The company has taken up the offer to subscribe for Shaftesbury shares, committing £65 million at the placing price of 400 pence per share resulting in a shareholding in Shaftesbury following completion of the capital raising of over 25%.

Sibanye Stillwater completes redemption of convertible bonds
The company exercised its option in respect of its US$450 million 1.875% convertible bonds due in 2023. $383,000,000 of the outstanding bonds has been converted by bondholders with the issuing and listing on the JSE of 247,912,467 new shares. The remaining Bonds were redeemed in cash.

Mpact repurchases shares
Mpact has repurchased 8,665,225 shares, representing 5% of the company's issued share capital at an average price per share of R8.4708. The total value of the shares repurchased was R73,4 million reflected in a decrease of the company's cash balances.

Quilter repurchases shares
Since October 13, 2020, the company has repurchased 2,127,460 shares at a cost (including dealing and associated costs) of £2,79 million.

MC Mining share issue for cash
The company has advised shareholders that Columbia Skies, wholly owned by Mr Pitso Madibo, has defaulted on the subscription agreement to subscribe for 7,831,785 ordinary MC Mining shares valued at R9,95 million.

Gaia Infrastructure Capital name to change
The company will trade under the name Mahube Infrastructure with associated share code MHB as from November 4, 2020.

Resource Generation placed in trading halt
The company has requested a halt in the trade of its securities on the ASX and JSE pending the release of an announcement. The trading halt will remain until commencement of normal trading on October 26, 2020.

Two companies issued a profit warning announcements
The following companies issued profit warnings this week: Oasis Crescent Property Fund and Arden Capital.

Seven companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Metrofile, Omnia, Bell Equipment, Investec Australia Property Fund, Labat Africa, Cartrack and Allied Electronics.

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