In connection with the continued implementation of its repurchase programme, Prosus has sold 513,500 ordinary shares in Tencent on the open market, bringing its total ownership in Tencent to 24.99%.
Texton Property Fund is to raise R85 million by way of a fully underwritten, non-renounceable rights offer of 38,636,364 Texton shares at a price of R2.20 per share. The offer price represents a 10% discount to the 30-day VWAP of the shares as at 23 November 2023. The offer will open on Tuesday 2 January and will close on Friday 5 January. Oak Tech Properties and Rex Trueform have underwritten the offer for which they will receive an amount of R274,784, representing 1% of the underwritten shares value. The circular will be available on 21 December 2023.
Lighthouse Properties has disposed of a further 145,509,646 Hammerson plc shares on the open market for an aggregate cash consideration of R936,3 million.
The price for City Lodge’s Odd-lot offer has been announced. The price, at R4.70, is a 5% premium to the 30-day VWAP of the share as at 1 December 2023. The results of the offer will be announced on 18 December 2023.
Having received the final payments from the sale of Syktyvakar, Mondi has announced it will distribute the net proceeds to shareholders by way of a special dividend. If approved the special dividend is expected to be paid in the first quarter of 2024.
Atterbury Property (APH) has settled the balance of the loan owed to RMB Holdings through the issue of 17,876,140 APH shares. RMH now owns 38.5% of APH.
During the period 8 August to 4 December 2023, Calgro M3 repurchased 3,690,342 shares for an aggregate R14,56 million. The shares have been delisted and cancelled. Calgro may repurchase a further 16,7 million shares.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 27 November to 1 December 2023, a further 4,438,373 Prosus shares were repurchased for an aggregate €134,39 million and a further 228,464 Naspers shares for a total consideration of R995,4 million.
Following the announcement in October of its share buy-back programme, AB InBev has repurchased a further 782,924 shares at an average price of €57.44 per share for an aggregate €44,98 million. The shares were repurchased in the period 27 November to 1 December 2023.
Glencore intends to complete its programme to repurchase the company’s ordinary shares on the open market for an aggregate value of US$1,2 billion by February 2024. This week the company repurchased a further 9,650,000 shares for a total consideration of £43,14 million.
Two companies issued profit warnings this week: Ayo Technology Solutions and Tharisa plc and two companies issued or withdrew a cautionary notice: Chrometco and Ellies.
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