Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies


Published Date: 2021-04-30 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Allied Electronics to pay special dividend
The company is to pay a special dividend of 96 cents per Altron ordinary share out of income reserves following the overestimation of the dividends tax liability.

Transpaco repurchases shares
The company has repurchased 1,046,876 shares at a price per share of R15.00 for an aggregate value of R15,7 million. The shares repurchased represent 3.18% of the company's issued share capital.

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 312,439 Naspers N ordinary shares at an average price of R3,427.98 per share for a total consideration of R1,07 billion.

South32 repurchases shares
The company this week repurchased 2,380,214 shares valued at A$6,77 million (R75,2 million).

Quilter repurchases shares
The company, has this week repurchased an additional 2,598,966 shares on the LSE at a cost of £4,21 million and an additional 1,607,702 shares on the JSE at a cost of R51,88 million.

Steinhoff to list subsidiary on Warsaw Stock Exchange
Steinhoff this week announced its intention to proceed with an initial public offering of Pepco on the Warsaw Stock Exchange. Pepco which has a footprint in 16 countries owns UK chain Poundland and the Pepco and Dealz brands.

Revego Africa Energy delays listing on the JSE
The company which was all set to list on Thursday April 29, has temporarily delayed the move, citing it was still considering its shareholder base and allocations with reference to the listing requirements.

Five companies issued profit warning announcements
The following companies issued profit warnings this week: Arden Capital, Allied Electronics, Astral Foods, Spear REIT and Life Healthcare.

Four companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Ascendis Health, Mahube Infrastructure, Tongaat Hulett and Fairvest Property.

DealMakers is SA's M&A publication.

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