Weekly corporate finance activity by SA exchange-listed companies


Weekly corporate finance activity by SA exchange-listed companies


Published Date: 2021-10-22 | Source: DealMakers | Author: Marylou Greig

Weekly corporate finance activity by SA exchange-listed companies

Orion Minerals issues shares
The company has issued 25,765,227 shares valued at A$750,000 to the Namaqua and Disawell selling shareholders and a further 49,169,580 shares valued at R1,67 million on exercise of the option by the company to acquire mining and exploration data relating to the Okiep Copper Complex.

Telemasters issues shares
The company has issued 5,259,670 shares at a price of R1.23 per share to the vendors of Contineo Virtual Communication. Telemasters acquired the firm in June 2020 for a maximum purchase consideration of R15,15m with certain earn-out clauses in place to provide for additional payments in accordance with pre-determined calculation pertaining to the 2021 and 2022 financial years.

Volaris acquires Adapt IT shares on open market
Volaris has acquired a further 808,724 Adapt IT shares on the market at R7.00 per share (as per scheme of arrangement).

Quilter repurchases additional shares
Quilter has repurchased an additional 328,333 shares on the LSE at a cost of £473,066 and a further 455,310 shares on the JSE at a cost of R13,2 million.

DRA repurchases shares
The company has repurchased 1,000 shares in terms of the repurchase programme for a total consideration of A$3,710.

Prosus repurchases additional shares
The company, this week, repurchased a further 2,032,405 Prosus ordinary shares N at an average price of €71.92 per share for a total consideration of €146,16 million.

Anglo American repurchases shares
In terms of the announcement issued by Anglo American on July 29, 2021, in respect of its ordinary share repurchase programme, the company has this week repurchased a further 289,144 shares at a cost of £8,35 million.

Tiger Brands to take a secondary listing on A2X
The company will commence trading on A2X with effect from October 26, 2021. Tiger Brands will retain its primary listing on the JSE and its issued share capital will be unaffected.

Three companies issued profit warning announcements this week
The following companies issued profit warnings: Advanced Health, Arden Capital and Quantum Foods.

Eight companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Mahube Infrastructure, Dipula Income Fund, Conduit Capital, Bell Equipment, Omnia, RMB Holdings, Pembury Lifestyle and PSV.

DealMakers is SA's M&A publication.

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