Marylou Greig

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:

As part of the repurchase programme announced on March 24, 2022, Reinet Investments has repurchased a further 418,823 ordinary shares at an average price of R317.30 per share for a total consideration of R132,9 million (€7,9 million).

Glencore this week repurchased 2,434,011 shares for a total consideration of £11,3 million in terms of its existing buyback programme which is expected to end in August 2022.

South32 this week repurchased 2,493,858 for an aggregate cost of A$11,1m shares.

This week British American Tobacco repurchased 2,106,156 shares for a total of £72,3 million. The purchased shares will be held in treasury with the number of shares permitted to be repurchased set at 229,400,000.

This week five companies issued profit warnings. The companies were: Finbond, Life Healthcare, Quantum Foods, Indluplace Properties and Stefanutti Stocks.

Three companies issued cautionary notices to shareholders this week. The companies were: Ascendis Health, African Equity Empowerment Investments and Premier Fishing and Brands.

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