Labat Africa has issued 147,349,826 new shares for cash. The shares were issued at a price ranging from 8 to 12 cents per share, representing a 50% premium to the current trading price of Labat. The funds will be applied to settle outstanding creditors.
Anglo American Platinum has declared an additional cash payout of R15.7 billion (US$852 million) to shareholders in preparation for an exit by parent Anglo American plc. Anglo intending to retain a shareholding of c. 19.9% in Amplats.
The JSE has approved the transfer of the listing of Trellidor to the General Segment of Main Board with effect from 18 February 2025. The listing requirements in this segment are less onerous for the smaller and mid-cap firms.
The JSE has notified shareholders of aReit Prop that the company has failed to submit its REIT Compliance Declaration within the four-month period stipulated by the JSE Listings Requirements. Accordingly, the company’s REIT status is under threat of removal.
This week the following companies repurchased shares:
On 19 February 2025, the Glencore plc announced the commencement of a new US$1 billion share buyback programme, with the intended completion by the time of the Group’s interim results announcement in August 2025. This week the company repurchased 10 million shares at an average price per share of £3.31. In line with the Company’s policy to maintain its number of treasury shares below 10% of total issued share capital from time to time, the Company announces the cancellation of 100,000,000 treasury shares.
Schroder European Real Estate Trust plc acquired a further 84,200 shares this week at a price of 66 pence per share for an aggregate £55,572. 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 10 – 15 February 2025, the group repurchased 794,630 shares for €39,08 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 313,533 shares at an average price per share of 290 pence.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 496,450 shares at an average price of £30.65 per share for an aggregate £15,22 million.
During the period February 10 – 14 2025, Prosus repurchased a further 5,875,465 Prosus shares for an aggregate €240,92 million and Naspers, a further 418,550 Naspers shares for a total consideration of R1,8 billion.
Five companies issued a profit warning this week: Aveng, Metair, Metrofile, Mpact and AECI.
During the week, one company issued a cautionary notice: Vuani.
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