Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies


Published Date: 2021-06-11 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Impala Platinum issues shares
A total of 68,017 bonds have been tendered for conversion by bondholders resulting in 14,2 million shares being issued (c.2% of issued capital).

Results of Oasis Crescent Property Fund's scrip distribution alternative
The company has issued 778,233 new ordinary shares at a reinvestment price per new share of R22.39 in terms of its scrip distribution alternative resulting in a capitalisation of distributable retained profits of the company of R17,43 million.

Grindrod Shipping repurchases shares
The company has repurchased 33,467 ordinary shares in the open market on NASDAQ and the JSE over the period May 26 to June 1, 2021. The shares were repurchased at an average price of $8.46 and R116.62 for a total consideration of R3,9 million.

Raven Property to repurchase shares
The company proposes to repurchase 1 in every 32 ordinary shares at 40 pence or R7.6821 per ordinary share. The maximum number of shares in terms of the tender offer is 18,171,981. It is intended that the ordinary shares purchased under the offer will be cancelled and not available for re-issue.

South32 repurchases shares
The company this week repurchased 2,675,078 shares valued at A$8,13 million (R84,9 million).

Quilter repurchases shares
Quilter has, this week, repurchased an additional 3,292,562 shares on the LSE at a cost of £5,15 million and an additional 1,757,200 shares on the JSE at a cost of R52,9 million.

Prosus purchases additional Naspers N shares
Prosus has purchased a further 440,880 Naspers N ordinary shares at an average price of R3,058 per share for a total consideration of R1,35 billion.

Thungela Resources lists on the JSE
Anglo American thermal coal business Thungela Resources listed this week on the Main Board of the JSE under the Oil, Gas and Coal sector. A total of 136,311,808 shares were listed, closing at R21.90 on the first day of listing giving the resource company a market capitalisation of R2,99 billion.

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

Four companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: City Lodge, African Equity Empowerment Investments, Tongaat Hulett and Mahube Infrastructure.

DealMakers is SA's M&A publication.

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