Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies

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Published Date: 2021-05-07 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Truworths International repurchases shares
The company has repurchased 13,307,113 shares for a total consideration of R554,27 million. The shares were acquired within a price range of R34.55 to R49.93 per share. The company may still repurchase a further 8,84 million shares in terms of the General Authority, representing 2% of the company's issued share capital.


Jubilee Metals issues shares
The company has received notification from a warrant holder wishing to exercise existing warrants to subscribe for 2,944,984 new ordinary shares of the company, representing 0.13% of the enlarged issued share capital of Jubilee. The price per warrant share of R0, 675 amounts a total cash value of R1,99 million.


Kibo Energy issues shares
The company has received notification from a warrant holder who intends to exercise 50,000,889 existing warrants at a price of £0.004 per warrant share amounting to a cash value of £200,004. The shares will be admitted to trading on May 10, 2021.


Prosus purchases additional Naspers N shares
This week Prosus purchased a further 408,844 Naspers N ordinary shares at an average price of R3,364.10 per share for a total consideration of R1,38 billion.


South32 repurchases shares
The company this week repurchased 4,155,404 shares valued at A$12,1 million (R134,26 million).


Quilter repurchases shares
Quilter has, this week, repurchased an additional 3,989,852 shares on the LSE at a cost of £6,5 million and an additional 2,657,898 shares on the JSE at a cost of R86,6 million.


Steinhoff launches Pepco's IPO
The Pepco IPO will include a public offering of up to 101,343,568 existing Pepco shares of which c. 98.8% is held by Steinhoff (representing up to 17.7% of the total issued share capital). The price range will be between €8.35 and €10.11 per share.


Revego Africa Energy reverses decision to list
The company which last week temporarily delayed its listing on the JSE, citing it was still considering its shareholder base and allocations with reference to the listing requirements, has, this week, reversed its decision to list. In an announcement the company said it would rather pursue the raising of capital for its portfolio in the private market.


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


Eight companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Arrowhead Properties, Ayo Technology Solutions, PPC, Pembury Lifestyle, Go Life International, PSV Holdings, Stellar Capital Partners, Dipula Income Fund and Trematon Capital Investments.


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