Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

Published Date: 2021-02-19 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Wescoal shares bid in the open markets
PBFT Investments, currently holding a 56.87% stake in Wescoal, has announce its intention to acquire up to 116 million Wescoal shares at R1.20 per share on the open market, commencing February 16, 2021.


Jubilee Metals issues shares
The company has announced that Monecor (London) has exercised 10,000,000 company warrants to subscribe for 10,000,000 new Kibo shares. The warrants are exercisable at a price of £0.002 per warrant for gross proceeds of £20,000.


Kibo Energy issues shares
The company has received notification from a warrant holder to exercise 80 000 existing warrants at a price of R1.24 per warrant share amounting to a cash value of R99,144. The shares were admitted to trading on February 18, 2021.


Orion Minerals issues shares
The company has issued 1,88 million shares at an issue price of A$0.46 per share equal in value to R1 million for the option to acquire O'Okiep Copper.


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 week purchased a further 528,065 Naspers N ordinary shares at an average price of R3,639 per share for a total consideration of R1,92 billion.


Prosus repurchases additional shares
The company has repurchased a further 958,759 Prosus ordinary shares N at an average price of €102.96 per share for a total consideration of €98,72 million.


Quilter repurchases shares
The company, has this week repurchased an additional 1,561,745 shares on the LSE at a cost of £2,42 million and an additional 1,196,648 shares on the JSE at a cost of R38,05 million.


Six companies issued profit warning announcements
The following companies issued profit warnings this week: Momentum Metropolitan, Tower Property Fund, Imperial Logistics, Wilson Bayly Holmes-Ovcon, AECI and Conduit Capital.


Four companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Labat Africa, Attacq, Adapt IT and Imbalie Beauty.


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