Kore Potash has conditionally raised c.£7,7 million, before expenses, by way of a placing of new ordinary shares at a price of 1.7 pence per share. The proceeds of the fundraise will be used to pay PowerChina International Group for optimisation work, impact assessment update, fees and working capital.

Through the issue of new Fairvest B shares, the company has raised c.R400 million. 85,106,382 Fairvest B shares will be issued at R4.70 per share. Funds raised will be applied to various capital allocation opportunities.

A total of 46,583 Sygnia shares were repurchased by the company in terms of its odd-lot offer for a total consideration of R1,048,118. The repurchased shares represent 0.03% of the total issued share capital of the company. The shares were cancelled and delisted on 26 March 2025 and accordingly the share capital of Sygnia reduced to 152,330,906 shares.

Anglo American Platinum has proposed to change its name to Valterra Platinum ahead of its planned spin-off from Anglo American. The company will retain its primary listing on the JSE post the demerger and will seek a secondary listing in London.

Industrial engineering holding company PSV, the listing of which was suspended in September 2020, has updated shareholders that the consideration of the recapitalisation of the company was still ongoing. The company remains under cautionary.

This week the following companies repurchased shares:

Schroder European Real Estate Trust plc acquired a further 58,300 shares this week at a price of 66 pence per share for an aggregate £38,478. The shares will be held in Treasury.

In its interim results, Momentum Group advised that, between 1 January and 6 February 2025, it had repurchased 16 million shares at an aggregate cost of R477 million.

On March 6, 2025, Ninety One plc announced that it would undertake a repurchase programme of up to £30 million. The shares will be purchased in the open market and cancelled to reduce the Company’s ordinary share capital. This week the company repurchased 111,804 of its ordinary shares at an average price of 149 pence for an aggregate £167,512.

In its annual financial statements released in August 2024, South32 announced that it would increase its capital management programme by US$200 million, to be returned via an on-market share buy-back. This week 1,171,371 shares were repurchased at an aggregate cost of A$4,14 million.

On 19 February 2025, 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 15,000,000 shares at an average price per share of £3.07 for an aggregate £46 million.

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 17 to 21 March 2025, the group repurchased 813,020 shares for €47,19 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 459,390 shares at an average price per share of 254 pence for an aggregate £1,16 million.

In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 666,733 shares at an average price of £31.55 per share for an aggregate £21 million.

During the period 17 to 21 March 2025, Prosus repurchased a further 8,203,244 Prosus shares for an aggregate €363,19 million and Naspers, a further 397,320 Naspers shares for a total consideration of R1,91 billion.

Six companies issued profit warnings this week: Investec, AH-VEST, Astral Foods, Burstone, Bell Equipment and TeleMasters.

During the week six companies issued cautionary notices: Gold Fields, Santova, TeleMasters, PSV, Metrofile and Acsion.

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