Zeder has declared an ad-hoc gross special dividend of 10 cents per share (R154 million) in its interim results. This is the second special dividend to shareholders; earlier this year the company announced a special dividend of 5 cents per share (R77 million) which was paid out in August.
Exemplar REITail is proposing an equity raise by issuing up to 99,687,204 shares for cash in a private placing via a bookbuild process. The raise is intended to create the headroom for debt-funded growth.
Shareholders of Prosus N shares are to receive a capital repayment of €0.07 (R1.41) per share. Those shareholders not wishing to receive a capital repayment can instead elect to receive a dividend.
Several listed companies reported repurchasing shares this week. They were:
Gemfields has repurchased an additional 40,062,001 ordinary shares for a total consideration of R126,19 million. The repurchased shares will be held as treasury shares.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 9 – 13 October 2023, a further 3,525,732 Prosus shares were repurchased for an aggregate €99,47 million and a further 337,605 Naspers shares for a total consideration of R1,05 billion.
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 9,65,000 shares for a total consideration of £44,53 million.
South32 continued with its programme of repurchasing shares in the open market. This week a further 2,019,525 shares were acquired at an aggregate cost of A$7,04 million.
Primary Health Properties plc is to take a secondary inward listing on the Health Care REIT sector of the JSE. The UK-based company, an investor in modern primary healthcare premises across the UK and Ireland, has a primary listing on the LSE and is included on the FTSE 250 Index. The REIT will commence trading on the main board of the JSE on 24 October 2023.
With effect from 26 October 2023, Vodacom’s shares will trade on A2X. The company will retain its primary listing on the JSE and its issued share capital will be unaffected by the additional listing.
The JSE has warned shareholders of aReit Prop, AH-Vest and Sasfin that the companies may face suspension and possible removal of their listings from the bourse if the companies fail to release financial statements before 31 October 2023.
One company issued a profit warning this week: Pick n Pay (update).
Three companies issued or withdrew a cautionary notice: Ellies, enX and Afristrat Investment.
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