NEPI Rockcastle will, through an accelerated book building process, raise gross proceeds of c.€300 million to enable the company to execute on its ongoing growth strategy. The offer price of the new ordinary shares and the number of shares to be issued will be announced upon completion of the bookbuild.
Shareholders of Fortress Real Estate Investments have until November 1, 2024, to elect the dividend in specie option whereby shareholders may opt to receive NEPI Rockcastle (NRP) shares in lieu of a cash dividend. A maximum of 7,974,247 NRP will be issued and a maximum gross cash dividend payable of R845,49 million.
Following the results of the dividend reinvestment plan, Mondi plc purchased 62,980 shares and 198,876 shares in the UK and South Africa markets at an average price of £14.17 and R328.12 respectively.
Anglo American plc and Hammerson plc also released the results of their dividend reinvestment plans. Anglo purchased 313,447 shares and 200,156 shares in the UK and South Africa markets at an average price of £24.41 and R566.79 respectively. Hammerson purchased 136,985 shares and 84,254 shares in the UK and South Africa markets at an average price of £3.19 and R73.46 respectively.
BHP has repurchased 7,006,969 shares in terms of its dividend reinvestment plan for shareholders on the ASX, LSE and JSE registers.
In agreement with Mantengu Mining, creditors of its subsidiary Langpan Mining, will convert debt claims against Langpan into equity in Mantengu. A total of 27,662,390 shares have been issued valued at R23,38 million.
In its quarterly suspension update, aReit Prop, expects to release audited results for the year ended 31 December 2023 before the end of November 2024. The interim results will be published as soon as possible after the release of the audited results.
The JSE has notified shareholders of Sasfin Holdings that the listing of the company has been annotated with RE to indicate its failure to submit annual reports timeously and as such may be suspended if not submitted before 31 October 2024.
The JSE has approved the transfer of the listings of Santova, PBT and Finbond to the General Segment of Main Board lists with effect from commencement on 18 October 2024. The listing requirements in this segment are less onerous for the smaller cap firms.
This week the following companies repurchased shares:
Hammerson plc has commenced a programme to purchase its ordinary shares up to a maximum consideration of £140 million. The sole purpose of the buyback programme is to reduce the company’s share capital. This week the company repurchased 676,339 shares at an average price per share of 318.46 pence per share.
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 1,704,347 shares were repurchased at an aggregate cost of A$6,24 million.
In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 380,726 shares at an average price of £27.05 per share for an aggregate £10,31 million.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 7 – 11 October 2024, a further 4,804,763 Prosus shares were repurchased for an aggregate €192 million and a further 421,906 Naspers shares for a total consideration of R1,8 billion.
Three companies issued profit warnings this week: Bell Equipment, Sasfin and Pick n Pay.
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