Goldrush (previously known as RECM and Calibre) is to dispose of its remaining stake in Astoria Investments via an accelerated placement. The 505,358 Astoria shares will be exchanged for Goldrush participating preference shares on a 1-for-1 basis. The successful implementation of the placement will benefit the per-share Net Asset Value of Goldrush and remove the final crossholding between the two companies.

Orion Minerals has issued 768,115 new ordinary shares at an issue price of A$0.0138 per share in lieu of a cash payment for services provided which includes Orion’s placement announced in July 2024. The shares are being issued to Australian firm Cabarate.

This week the following companies repurchased shares:

South32 announced in its annual financial statements released in August that it would increase its capital management programme by US$200 million, to be returned via an on-market share buy-back. This week 465,819 shares were repurchased for an aggregate cost of A$1,54 million.

In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 162,236 shares at an average price of £28.36 per share for an aggregate £4,6 million.

Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 16 – 20 September 2024, a further 2,583,532 Prosus shares were repurchased for an aggregate €85,77 million and a further 191,854 Naspers shares for a total consideration of R684,9 million.

Five companies issued profit warnings this week: Clientèle, Gemfields, Combined Motor Holdings, Rex Trueform and African and Overseas Enterprises.

During the week, two companies issued cautionary notices: Cilo Cybin and African Dawn Capital

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