Orion Minerals has issued 206,572,796 shares for the acquisition of a controlling interest in the Okiep Copper Project.
Canal+ has notified shareholders that it has, this week, acquired a further 4,731,709 MultiChoice shares in open/off market transactions. The shares were acquired at an average price per share of R119.73, below the mandatory offer price of R125.00 per share, for an aggregate R566,8 million. Canal+ now holds an aggregate of c.43.54% of the MultiChoice shares in issue.
Kore Potash plc and The Spar Group will take secondary listings on A2X with effect from 14 May and 15 May ,2024 respectively. The listings will bring the number of instruments listed on A2X to 184 with a combined market capitalisation of c.R9,4 trillion.
A number of companies announced the repurchase of shares:
During the period 21 November 2023 to 6 May 2024, Adcock Ingram repurchased 5,253,141 shares representing 3.26% of the Company’s issued share capital. The total value of the share repurchased was R286,53 million. The company now holds 13,78 million shares in treasury.
In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 1,839,194 shares at an average price of £23.72 per share for an aggregate £4,36 million.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 29 April to 3 May 2024, a further 3,327,351 Prosus shares were repurchased for an aggregate €108,85 million and a further 274,274 Naspers shares for a total consideration of R1,01 billion.
One company issued a profit warning this week: Santova.
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