Friday, January 10, 2025

Weekly corporate finance activity by SA exchange-listed companies

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Schroder European Real Estate Investment Trust has declared a further special dividend of 0.10 euro cents per share associated with the successful execution of the Paris, Boulogne-Billancourt business plan.

Orion Minerals has undertaken a further share purchase plan providing shareholders with an opportunity to increase their shareholding in the company at the same offer price of A$0.02 per share (R0.22 per share). The capital raise is part of a broader capital raising to underpin the next phase of development of its portfolio of advanced base metal assets in South Africa.

A number of companies announced the repurchase of shares

Naspers and Prosus continued with their open-ended share repurchase programmes. This week the companies announced that during the period 8th to 12th August 2022, a total of 2,431,395 Prosus shares were acquired for an aggregate €153,72 million and 329,534 Naspers shares for R808,21 million.

British American Tobacco repurchased a further 825,000 shares this week for a total of £27,79 million. The number of shares permitted to be repurchased is set at 229,400,000.

Four companies issued profit warnings. The companies were: Santam, DRDGOLD, Sibanye Stillwater and Randgold & Exploration.

Four companies this week issued or withdrew cautionary notices. The companies were: Safari Investments RSA, Alviva, Novus and Aveng.

DealMakers is SA’s M&A publication
www.dealmakerssouthafrica.com

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