African Dawn Capital, the AltX-listed venture capital vehicle, has issued 6,364,692 new shares at R0.30 per share representing a premium of 66.97% to the 30-day VWAP. The issue represents 10% of the issued share capital of the company. The proceeds of the private placement will be applied towards working capital.
AH-Vest has failed to submit its provisional report within the three-month period stipulated in the JSE’s Listing Requirements. If a provisional report is not submitted on or before 31 October 2022, AH-Vest’s listing may be suspended.
A number of companies listed on one of South Africa’s Stock Exchanges have initiated share buyback programmes and each week update shareholders. They are:
Glencore this week repurchased 18,260,000 shares for a total consideration of £89,05million. 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 3,378,820 shares at an aggregate cost of A$12,62 million.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period October 10 -14, a further 3,734,417 Prosus shares were repurchased for an aggregate €195,11 million and a further 636,174 Naspers shares for a total consideration of R1,4 billion.
British American Tobacco repurchased a further 859,873 shares this week for a total of £28,27 million. Following the purchase of these shares, the company holds 213,680,980 of its shares in Treasury.
Four companies issued profit warnings. The companies were: Murray & Roberts, Labat Africa, Adcorp and Coronation Fund Managers.
10 companies issued or withdrew cautionary notices. The companies were:
Murray & Roberts, African Rainbow Capital Investments, Brikor, Chrometco, Acsion, Telkom SA SOC, MTN, MTN Zakhele Futhi, MC Mining and OneLogix.
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