Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies


Published Date: 2021-02-26 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Orion Minerals raises capital
The company has undertaken a two-tranche share placement to raise $25 million at $0.036 per share. The funds will be used to advance Orion's strategy of re-establishing the Northern Cape Province as a globally significant copper producer.

Kibo Energy issues shares
The company has received notification from warrant holders to exercise 31,500,000 existing warrants for gross proceeds of £90,000.

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 605,695 Naspers N ordinary shares at an average price of R3,769 per share for a total consideration of R2,28 billion.

Prosus repurchases additional shares
The company has repurchased a further 474,566 Prosus ordinary shares N at an average price of €106.48 per share for a total consideration of €50,54 million.

South32 repurchases shares
The company this week repurchased 6,258,362 shares valued at A$16,95 million (R194,9 million).

Quilter repurchases shares
The company, has this week repurchased an additional 974,360 shares on the LSE at a cost of £57 million and an additional 919,104 shares on the JSE at a cost of R28,62 million.

Deutsche Konsum REIT-AG to list on the JSE
DKR, a German property company with REIT status in Germany has been granted a secondary inward listing on the Main Board of the JSE with effect from March 8, 2021. The DKR real estate portfolio consists of 165 convenience retail properties with a gross lettable area of c. 901,016m² and a market value of c. €880 million.

Revego Africa Energy Fund plans listing
The company plans to raise R1,5 billion in an IPO ahead of listing. The company is an investor in local renewable projects and is backed by Investec, the Eskom Pension Fund and UK Climate Investment.

Eighteen companies issued profit warning announcements
The following companies issued profit warnings this week: Liberty Two Degrees, Sasfin, Bidcorp, Absa, Santam, Massmart, Grindrod, Libstar, Advanced Health, Putprop, Aspen Pharmacare, Murray & Roberts, Discovery, Spur, NEPI Rockcastle, Liberty, Hyprop Investments and City Lodge.

Four companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Value Group, Exxaro Resources, PPC and Delta Property Fund.

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