Orion Minerals has issued 23,675,000 new shares at an issue price of A$1.5 cents, to Webb Street Capital for the provision of professional services to Orion in South Africa.

Lighthouse Properties has, on the open market, disposed of a further 111,070,447 Hammerson plc shares for an aggregate cash consideration of R765,63 million.

Listed company Ellies Holdings has been placed under final liquidation while its operating entity Ellies Electronics remains in business rescue.

The JSE has advised shareholders of Sebata that the company has failed to submit its annual report within the four-month period as stipulated in the JSE’s Listing Requirements. If the company fails to submit its annual report on or before 31 August 2024, its listing may be suspended.

A number of companies announced the repurchase of shares:

In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 414,634 shares at an average price of £27.32 per share for an aggregate £11,35 million.

In terms of its US$5 million general share repurchase programme announced in March 2024, Tharisa has repurchased a further 7,452 ordinary shares on the JSE at an average price of R19.11 per share and 352,595 ordinary shares on the LSE at an average price of 82.25 pence. The shares were repurchased during the period 22 – 26 July 2024.

Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 22 – 26 July 2024, a further 2,772,135 Prosus shares were repurchased for an aggregate €89,04 million and a further 288,256 Naspers shares for a total consideration of R999,78 million.

Four companies issued profit warnings this week: Sea Harvest, Sebata, Merafe Resources and Woolworths.

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