Datatec is to distribute to shareholders the entire initial gross proceeds of £135,1 million received from the sale of Analysys Mason. Shareholders will receive a special dividend of R12.50 per share with the option of a scrip distribution alternative.

As part of its capital optimisation strategy, Investec ltd acquired on the open market 1,714,710 Investec plc shares valued at £6,6 million (LSE and BATS Europe) and 1,657,834 Investec plc shares for R128 million (JSE). The shares were purchased between 3rd and 7th October, 2022. Investec will purchase a maximum aggregate market value equivalent of R1,2 billion. The purchase programme commenced on 3rd October 2022 and will end on or before 17th November 2022.

The JSE and the New York Stock Exchange have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges and will also explore the development of new products and share knowledge around ESG, ETFs and digital assets.

The following companies repurchased their shares on the open market:

Astoria Investments has repurchased 19,335 ordinary shares for an average price of R5.63 per share during September 2022. The repurchased shares represent 0.03% of the Company’s issued share capital.

Glencore this week repurchased 15,450,000 shares for a total consideration of £75,61 million. The share repurchases form part of the second part of the Company’s existing buy-back programme which is expected to be completed over the period from August 4, 2022, to February 14, 2023.

South32 has this week repurchased a further 8,855,043 shares at an aggregate cost of A$33,13 million.

Prosus and Naspers continued with their open-ended share repurchase programmes. This week Prosus announced the repurchase of a further 3,001,749 shares for an aggregate €167,28 million. Naspers repurchased a further 369,148 shares for a total consideration of R871,77 million.

British American Tobacco repurchased a further 815,795 shares this week for a total of £26,9 million. Following the purchase of these shares, the company holds 212,831,564 of its shares in Treasury.

Four companies issued profit warnings. The companies were: Finbond, Datatec, Nu-World and Afrimat.

Five companies issued or withdrew cautionary notices. The companies were: African Equity Empowerment Investments, Afrocentric Investment, Pembury Lifestyle, Conduit Capital and Huge Group.

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