RMB Holdings is to return c.R2 billion to shareholders in the form of a special dividend. Proceeds of R1,75 billion from the sale of Atterbury Europe plus additional capital on hand will see shareholders receive a gross special dividend of 141.67283 cents per RMH share.
FirstRand has declared a special dividend of 125c per share which together with the annual dividend of 342c per share will result in a total distribution to shareholders of R26,2 billion.
Transaction Capital has successfully raised gross proceeds of R1,28 billion in an accelerated bookbuild which was multiple times oversubscribed. A total of 36,055,520 shares were placed at R35.50 per share representing a 3.9% discount to the pre-launch close on 8 September 2022. The capital raised will be used for growth opportunities such as growing its e-commerce offering and expanding its geographical presence.
Cilo Cybin is to list as a SPAC on the main board of the JSE. The company will invest in commercial enterprises operating in the Biotech, Biohacking or pharmaceutical sector. The company aims to raise R500 million in an IPO, issuing 500 million shares at R1 per offer share. Cilo Cybin will list under the “Open End and Miscellaneous Invest Vehicles” sub sector on 14 November, 2022.
Glencore has announced an additional distribution of US$0.11 per share to be paid alongside the H2 distribution of US$0.13 bringing the aggregate distribution amount for H2 to US$0.24 per share made from the capital contribution reserves of the company.
The High Court has granted the Prudential Authority’s application to place Constantia Insurance Company, a subsidiary of Conduit Capital, in provisional liquidation.
Jubilee Platinum has issued 2,5 million shares following notification of the exercise of warrants from a warrant holder at a price of 67 cents per warrant share for a total value of R1,7m.
Anglo American has issued its first sustainability-linked bond. The 4.75% bond has a maturity date of 21 September 2031 for a principal amount of €745m million. Investors will be entitled to a higher final coupon payment should the company not meet certain targets.
A number of companies announced the repurchase of shares
Invicta has repurchased 359,259 preference shares during 22nd July to 12th September for an aggregate R34,47 million. The shares, which represent 4.8% of Invicta’s issued preference shares, will be delisted by 31st October, 2022.
Glencore this week repurchased 9,632,889 shares for a total consideration of £47,13 million. The share purchases form part of the second part of the Company’s existing buy-back programme which is expected to be completed over the period from August 4, 2022 to February 14, 2023.
South32 has this week repurchased a further 3,575,174 shares at an aggregate cost of A$14,88 million.
Prosus continued with its open-ended share repurchase programme. This week the company announced that during the period 5th to 9th of September 2022 a total of 3,452,359 Prosus shares were acquired for an aggregate €202,42 million. During the period 540,109 Naspers shares were acquired at an average price of R2,428 per share for a total consideration of R1,31 billion.
British American Tobacco repurchased a further 1,060,000 shares this week for a total of £36,99 million. Following the purchase of these shares, the company holds 209,167,661 of its shares in Treasury.
Seven companies issued profit warnings. The companies were: Tongaat Hulett, York Timber, Wilson Bayly Holmes, W G Wearne, Silverbridge, Texton Property Fund and City Lodge Hotels.
This week one company issued or withdrew a cautionary notice. The company was: Tongaat Hulett.
DealMakers is SA’s M&A publication
