Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2021-01-22 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Jubilee Metals places shares with institutional investors
The company has placed new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the company. A total of 99,883,085 (4.45%) new shares and 11,547,555 existing ordinary shares were placed at 13 pence per share.


PSG Group repurchases shares
The company has announced the repurchase of 7,003,688 ordinary shares for a total of R14,67 million. The shares were repurchased during the periods 27 to 28 August 2020 and 26 October 2020 to 18 January 2021. The repurchases were funded from the company's available cash resources which have been bolstered through the further disposal of Capitec Bank ordinary shares with the aim of reducing the Group's remaining interest in Capitec to 1.48%.


Trematon Capital repurchases shares
The company has announced the repurchase of 6,657,252 ordinary shares at an average price of R2.20 for a total value of R14,67 million. The repurchase was funded from the company's available cash resources.


Prosus purchases additional Naspers N shares
In terms of the announcement issued by Prosus on November 23, 2020, in respect of the launch of an on-market Naspers N ordinary share purchase programme of up to US$3,63 billion, the company has this year purchased a further 1,251,390 Naspers N ordinary shares at an average price of R3,100 per share for a total consideration of R3,99 billion.


Prosus repurchases additional shares
The company has repurchased a further 2,451,659 Prosus ordinary shares N at an average price of €88.50 per share for a total consideration of €217,91 million.


Quilter repurchases shares
The company, has this year repurchased an additional 492,193 shares on the LSE at a cost of £767,176 and an additional 2,961,815 shares on the JSE at a cost of R95,73 million.


One company issued a profit warning announcement
The following company issued a profit warning this week: Conduit Capital.


Five companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: PPC, Texton Property Fund, Trustco, Conduit Capital and Barloworld.


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