Following the results of the scrip dividend election, Capital & Regional plc will issue 5,082,996 ordinary shares in the company in lieu of an interim dividend, resulting in a capitalisation of the distributable retained profits in the company of R64,6 million. The shares represent c. 2.3% of the current issue share capital of the company.
Transpaco has concluded an agreement with Manufacturers Investment Company to repurchase 1,100,000 shares for a cash consideration of R30,61 million. The shares represent 3.67% of the issued shares of the company. The shares will be repurchased at R27.83 per Transpaco share, representing a 10.10% discount to the 30-day weighted average traded price as at 1 September 2023.
Argent Industrial has repurchased 310,376 ordinary shares representing 0.55% of the issued share capita of the company for an aggregate R4,93 million. The company is entitled to repurchase a further 10,83 million shares in terms of the general authority granted at the last annual general meeting.
Tsogo Sun has repurchased 138,044 shares in terms of its of its Odd-lot Offer to shareholders. The shares were repurchased at a repurchase price of R13.01 for a total consideration of R1,795,952.
Glencore intends to complete its programme to repurchase the company’s ordinary shares on the open market for an aggregate value of $1,2 billion by February 2024. This week the company repurchased a further 10,370,000 shares for a total consideration of £44,64 million.
South32 continued with its programme of repurchasing shares in the open market. This week a further 1,930,472 shares were acquired at an aggregate cost of A$6,34 million.
Investec Property Fund will trade under its new name Burstone Group from commencement of trade on 20 September 2023.
Following the restructuring of AngloGold Ashanti and the move of its primary listing to the New York Stock Exchange, the company’s secondary inward listings on the JSE and A2X will be effective from the commencement of business on 20 September 2023.
Following the acquisition by Impala Platinum of remaining shares in Royal Bafokeng Platinum (RBPlat) from minority shareholders, RBPlat’s listing on the JSE will terminate on 18 September 2023.
Four companies issued profit warnings this week: Old Mutual, Putprop, Gemfields and AfroCentric.
Five companies issued or withdrew a cautionary notice: Clientèle, Chrometco, Brikor, Tongaat Hulett, Astoria Investments.
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