Following the results of the dividend reinvestment plan, Sirius Real Estate purchased 81,958 shares in the market at an average price of £0,7740 per share and 1,381,364 shares in the market at an average price of R18.37 per share.
The JSE has approved the transfer of the listing of Stefanutti Stocks to the General Segment of Main Board with effect from 14 February 2025. The listing requirements in this segment are less onerous for the smaller and mid-cap firms.
This week the following companies repurchased shares:
Schroder European Real Estate Trust plc acquired a further 299,200 shares this week at a price of 66 pence per share for an aggregate £197,472. The shares will be held in Treasury.
In October 2024, Anheuser-Busch InBev announced a US$2 billion share buy-back programme to be executed within the next 12 months which will result in the repurchase of c.31,7 million shares. The shares acquired will be kept as treasury shares to fulfil future share delivery commitments under the group’s stock ownership plans. During the period 3 – 7 February 2025, the group repurchased 1,392,295 shares for €65,97 million.
Hammerson plc continued with its 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 322,856 shares at an average price per share of 291 pence.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 574,667 shares at an average price of £33.69 per share for an aggregate £19,35 million.
During the period February 3 – 7 2025, Prosus repurchased a further 4,990,388 Prosus shares for an aggregate €189,3 million and Naspers, a further 360,878 Naspers shares for a total consideration of R1,45 billion.
Two companies issued profit warnings this week: Pan African Resources and Impala Platinum.
During the week, four companies issued cautionary notices: TeleMasters, PSV, Santova and Kap.
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