Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2020-11-13 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Growthpoint Properties raises cash from institutional investors
The company has successfully completed a cash placing of 358,333,333 newly issued shares at a price of R12.00 per share to qualifying institutional investors to raise R4,3 billion, representing approximately 12% of the company's existing issued share capital. The proceeds will be used to strengthen the balance sheet amid ongoing COVID-19 challenges though the effective for shareholders is enormously dilutive. As part of the transaction, investors will receive the dividend of R0.40 declared on October 5, 2020 and payable on December 7, 2020.


Impala Platinum repurchases odd-lot shares
The company has repurchased a total of 1,025,315 shares, representing 0.131% of the total issued ordinary share capital of the company for a total consideration of R177,1 million.


Kibo Energy issues shares
The company has issued 66,864,313 new shares at 0.25 pence per share to certain providers of professional and technical consulting services in payment of outstanding fees. Following the admission of the new shares, the company will have 2,221,640,835 shares in issue.


South32 repurchases shares
The company this week repurchased 5,699,791 shares valued at A$12,04 million (R136,08 million).


Quilter repurchases shares
The company has repurchased 559,555 shares this week at a price per share of R25.39. Since October 13, 2020, 7,712,726 shares at a cost of R208,81 million.


12 companies issued a profit warning announcements
The following companies issued profit warnings this week: AVI, Sephaku, Pepkor, Motus, Spur, Hosken Passenger Logistics and Rail, Tsogo Sun Hotels, Bauba Resources, Life Healthcare, Primeserv, Stefanutti Stocks and Trematon Capital Investments.


Nine companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Redefine Properties, Advanced Health, Bell Equipment, Middle East Diamond Resources, Brikor, Go Life International, PPC, Premier Fishing and Brands and African Equity Empowerment Investments.


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