Shareholders of Texton Property Fund will receive a special gross dividend of 20.13 cents per ordinary share out of income reserves from the 2025 financial year profits amounting to R66,44 million. In addition, shareholders will receive a further distribution of 79.87 cents per share, representing a capital reduction of the contributed tax capital of the company, equal to R263,6 million.

Italtile Staff Share Scheme Trust has disposed of 1,258,217 Trust shares off market to Ceramics at a market value of R10.71 per share for a total transaction value of R13,48 million. The shares will remain part of the authorised and issued share capital of the company and will be held for future use by Ceramics.

This week the following companies announced the repurchase of shares:

Brimstone Investment has proposed a specific repurchase of vested Forfeitable Shares, the maximum number of which will not exceed 2,349,018 N shares. The shares represent 1.04% of the company’s current issued N ordinary share capital. The repurchase price is still to be determined but based on an indicative value of R4.67 (the price at which the shares traded over the 30 business days up to and including 29 March 2025) the maximum consideration to be paid would be R10,969,914.

Sea Harvest has also proposed a specific repurchase of vested Forfeitable Shares. The aggregate number of Forfeitable Shares repurchased will not exceed a maximum of 5,177,987 shares, representing the total number of Forfeitable Shares due to Vest in November 2025 and March 2026. Using an indicative value of R7.00, as the exact specific repurchase price is not known at this stage, the value of would be approximately R36,245,909. The specific repurchase would represent a repurchase of 1.44% of the Sea Harvest’s issued share capital.

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 on the open market and cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 720,501 ordinary shares at an average price of 137 pence for an aggregate £990,914.

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 419,064 shares were repurchased at an aggregate cost of A$1,13 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 14,000,000 shares at an average price per share of £2.59 for an aggregate £36,25 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 215,611 shares at an average price per share of 254 pence for an aggregate £549,111.

In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 516,278 shares at an average price of £31.77 per share for an aggregate £16,4 million.

During the period 14 to 17 April 2025, Prosus repurchased a further 5,236,116 Prosus shares for an aggregate €197,23 million and Naspers, a further 296,850 Naspers shares for a total consideration of R1,33 billion.

Two companies issued profit warnings this week: Zeder Investments and Aspen Pharmacare.

During the week one company issued a cautionary notice: Acsion.

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