As part of its capital optimisation strategy, Investec Ltd acquired on the open market a further 119,387 Investec Plc shares at an average price of R109.86 per share.
Gemfields has repurchased 1 million of its own ordinary shares at a price of R3.45 per share. Following the repurchase, the company will hold 2,729,550 shares in treasury.
RMB Holdings has repurchased 13,270,019 shares from shareholders representing 0.944% 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.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 24 – 28 July 2023, a further 2,308,036 Prosus shares were repurchased for an aggregate €155,3 million and a further 427,172 Naspers shares for a total consideration of R1,42 billion.
During the period 17 – 26 July 2023, as part of Investec Ltd’s share repurchase programme, the company repurchased 360,468 shares at an average price per share of R109.81. Since November 21 ,2022, the company has repurchased 13,4 million shares at a cost of R1,43 billion.
The JSE has flagged Salungano Group for failure to submit its annual report within the four-month period as stipulated in the JSE’s Listing Requirements. The company’s listing on the JSE trading system has been annotated with a ‘RE’ and may be suspended if it fails to submit its annual report on or before 31 August 2023.
Royal Bafokeng Platinum (RBPlat) shares were suspended from trading on the JSE on 2 August 2023, following the acquisition of RBPlats by Impala Platinum via a scheme of arrangement. The shares will be delisted from the JSE on 18 September 2023.
The Board of Investec Property Fund (IPF) will seek shareholder approval on 31 August to change the company’s name to Burstone Group. This follows the internalisation of the South African and European asset management functions of IPF.
Five companies issued profit warnings this week: African Dawn Capital, AngloGold Ashanti, Workforce, Gold Fields and Sabvest.
Four companies issued or withdrew a cautionary notice: Clientèle, Chrometco, Ellies and Astoria Investments.
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