Tuesday, November 26, 2024

Weekly corporate finance activity by SA exchange-listed companies

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Steinhoff International (in liquidation) shares will officially be delisted from the JSE on Monday 16 October 2023. The company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE.

Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 2 – 6 October 2023, a further 4,088,088 Prosus shares were repurchased for an aggregate €109,8 million and a further 291,933 Naspers shares for a total consideration of R882,96 million.

Glencore intends to complete its programme to repurchase the company’s ordinary shares on the open market for an aggregate value of $1,2 billion by February 2024. This week the company repurchased a further 9,650,000 shares.

Gemfields has repurchased an additional 2,940,722 ordinary shares. The repurchased shares will be held as treasury shares.

South32 continued with its programme of repurchasing shares in the open market. This week a further 552,037 shares were acquired at an aggregate cost of A$1,9 million.

One company issued a profit warning this week: Famous Brands

Three companies issued or withdrew a cautionary notice: Tongaat Hulett, Trematon Capital Investments and Salungano Group

DealMakers is SA’s M&A publication.
www.dealmakerssouthafrica.com

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