BHP has paid its shareholders an in specie dividend in the form of Woodside Petroleum shares in connection with the merger of its oil and gas portfolio with Woodside. 914,768,948 Woodside ordinary shares received as part of the merger have been distributed to BHP shareholders valued at US$19,6 billion.
Equites Property Fund has issued a total of 1,421,922 new company shares in terms of its scrip distribution alternative, retaining R28,16 million in new equity. The company’s total issued share capital now consists of 777,995,297ordinary shares.
Isa Holdings is to pay shareholders a special dividend of 10 cents per share totalling an aggregate of R17,1 million.
Data specialist PBT Group is to distribute 30 cents per share in the form of a special dividend for a total distribution of R31,8 million.
AngloGold Ashanti is the latest listed corporate to take a secondary listing on A2X Markets. The company will retain its listings on the JSE, NYSE, ASX and the Ghana Stock Exchange. The shares will be available to trade on the A2X platform from June 6, 2022.
A number of companies listed on one of South Africa’s Stock Exchanges have initiated share buyback programmes and each week update shareholders. They are:
Barloworld is to buy back up to 10% of its issued ordinary share capital through a repurchase programme on the open market.
Glencore this week repurchased 6,200,000 shares for a total consideration of £32,6 million in terms of its existing buyback programme which is expected to end in August 2022.
South32 this week repurchased 1,335,716 shares for an aggregate cost of A$6,41 million.
This week British American Tobacco repurchased 1,964,000 shares for a total of £69,56 million. The purchased shares will be held in treasury with the number of shares permitted to be repurchased set at 229,400,000.
This week three companies issued profit warnings. The companies were: African Equity Empowerment Investments, Imbalie Beauty and Mantengu Mining.
Four companies issued cautionary notices to shareholders this week. The companies were: PSV, Tongaat Hulett, FirstRand and Tradehold.
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