Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies


Published Date: 2021-04-16 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Results of Fairvest Property's scrip distribution alternative
The company has issued 9,207,234 new ordinary shares at a reinvestment price per new share of R1.85 in terms of its scrip distribution alternative resulting in a capitalisation of distributable retained profits of the company of R17 million.

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 501,664 Naspers N ordinary shares at an average price of R3,527 per share for a total consideration of R1,77 billion.

RMB Holdings to pay special dividend
The company will return the capital committed to Atterbury Europe and the lulius Group, earmarked for the Bucharest development, to shareholders as a special dividend. A special dividend of 17.17700 cents per RMH share will be distributed increasing the special dividend to 80 cents per share resulting in an aggregated pay-out of R1,13 billion.

Argent Industrial repurchases shares
Argent has repurchased a further 198,577 shares in terms of the general authority approved by shareholders. The shares were repurchased for R1,84 million. The company is entitled to repurchase a further 8,69 million shares representing 13.47% of the ordinary shares in issue as at the date of the authority.

Kibo Energy issues shares
The company has received notification from a warrant holder to exercise 11,111,111 existing warrants at a price of £0.004 per warrant share amounting to a cash value of £44,444. The shares will be admitted to trading on April 20, 2021.

South32 repurchases shares
The company this week repurchased 6,201,506 shares valued at A$17,9 million (R199,5 million).

Quilter repurchases shares
The company, has this week repurchased an additional 1,906,341 shares on the LSE at a cost of £3,11 million and an additional 1,146,643 shares on the JSE at a cost of R1,77 million.

Three companies issued profit warning announcements
The following companies issued profit warnings this week: Hulamin, Raubex and Bell Equipment.

Seven companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Delta Property Fund, Finbond, Zarclear, Renergen, Zeder Investments, Growthpoint Properties and enX.

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