Kore Potash has raised a further £385,000 by way of a placing of new ordinary shares at a price of 1,7 pence per share with two separate trusts related to company Chairman David Hawthorn. The funds, along with the £7,7 million raised in March, will be used to pay PowerChina International Group for optimisation work, impact assessment update, fees and working capital.

Fortress Real Estate Investments will transfer 7,534,415 NEPI Rockcastle (NRP) shares to Fortress shareholders who opted to receive a dividend in specie of NRP shares in lieu of the cash dividend. As a result, Fortress retained R831,52 million cash not utilised to pay the cash dividend.

Finbond will issue 23,392,070 shares to shareholders receiving the scrip dividend option in lieu of a final cash dividend, resulting in a capitalisation of the distributable retained profits in the company of R12,4 million.

The Board of Supermarket Income REIT plc has decided that it is not in the best interests of shareholders to offer the scrip dividend alternative in respect of the third quarterly dividend, as the company shares currently trade at a discount to the published EPRA Net Tangible Assets per share. Shareholder will receive 1.53 pence per ordinary in respect of the period from 1 January 2025 to 31 March 2025.

In an operational update, Accelerate Property Fund this week reported its immediate focus area in terms of the Group’s restructuring is the conclusion of a further fully underwritten Rights Offer of R100 million by end-June 2025. This time last year Accelerate raised R200 million in a rights offer. Funds will be used for additional capital expenditure on Fourways Mall and for working capital requirements. Shareholders will be updated in due course.

Oando has informed shareholders that it was unable to publish its 2024 Audited Financial Statements by the regulatory deadline of 31 March 2025. Reasons given included the accounting for the Nigeria Agip Oil Company acquisition and expanded Internal Controls Over Financial Reporting (ICFR) requirements. The company now anticipates completing and filing the 2024 AFS on or before May 30, 2025.

aReit Prop expects its annual financial statements for the year ended 31 December 2023 be published before the end of April 2025. The main reason given for the delay was the company’s valuation of its leasehold properties. The valuation approach has now been resolved, and a trading statement will be issued shortly. The company’s listing on the JSE remains suspended.

This week the following companies repurchased shares:

Netcare concluded a further intra-group repurchase with subsidiary Netcare Hospital Group in terms of which Netcare acquired 24,642,572 ordinary shares at a price of R12.96 per share.

Schroder European Real Estate Trust plc acquired a further 127,100 shares this week at a price of 66 pence per share for an aggregate £83,886. The shares will be held in Treasury.

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 a further 481,237 ordinary shares at an average price of 147 pence for an aggregate £704,652.

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 1,170,548 shares were repurchased at an aggregate cost of A$3,87 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 12,750,000 shares at an average price per share of £2.87 for an aggregate £36,53 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 24 to 28 March 2025, the group repurchased 824,801 shares for €47,27 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 321,235 shares at an average price per share of 248 pence for an aggregate £798,030.

In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 389,348 shares at an average price of £31.36 per share for an aggregate £12,2 million.

During the period 24 to 28 March 2025, Prosus repurchased a further 4,700,875 Prosus shares for an aggregate €204,19 million and Naspers, a further 333,748 Naspers shares for a total consideration of R1,56 billion.

During the week one company issued a cautionary: ArcelorMittal South Africa.

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