As part of its capital optimisation strategy, Investec Ltd acquired on the open market a further 1,081,632 Investec Plc shares at an average price of 443.1 pence per share (LSE and BATS Europe) and 631,560 Investec Plc shares at an average price of R106.39 per share (JSE).
Lighthouse Properties Plc has taken a secondary listing on A2X. The company’s shares, which have a primary listing on the JSE commenced trade on A2X with effect 12 July 2023.
The following companies reported repurchasing shares. They were:
RMB Holdings has repurchased 5,500,000 shares from shareholders representing 0.3896% of the company’s issued share capital. The shares, which were repurchased in terms of section 164 of the Companies Act, were repurchased at a s164 fair value offer price of 197.76 cents.
Investec’s share repurchase programme has been renewed and commenced on May 30. The programme will end on or before September 29. Over the period 3-7 June 2023, 461,101 shares were repurchased at an average price per share of R105.64. Since November 21 ,2022, the company has repurchased 12,712,479 shares at a cost of R1,36 billion.
This week Glencore repurchased a further 12,894,549 shares for a total consideration of £56,53 million. The share repurchases form part of the second phase of the company’s existing buy-back programme.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 3-7 July 2023, a further 1,827,073 Prosus shares were repurchased for an aggregate €118,69 million and a further 366,934 Naspers shares for a total consideration of R1,2 billion.
Two companies issued a profit warning this week: Accelerate Property Fund and Sebata.
Three companies issued or withdrew a cautionary notice: Telkom SA SOC, RMB Holdings and Choppies Enterprises.
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