Canal+ has notified MultiChoice shareholders that it has, this week, acquired a further 7,374,918 MultiChoice shares in open/off market transactions. The shares were acquired at an average price per share of R119.59, below the mandatory offer price of R125.00 per share, for an aggregate R882,4 million. Canal+ now holds an aggregate of c.45.20% of the MultiChoice shares in issue.
A number of companies announced the repurchase of shares:
In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 3,271,931 shares at an average price of £24.47 per share for an aggregate £8 million.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 6 – 10 May 2024, a further 3,691,771 Prosus shares were repurchased for an aggregate €123,67 million and a further 326,582 Naspers shares for a total consideration of R1,23 billion.
Kore Potash plc and The Spar Group commenced trading on A2X with effect from 14 and 15 May respectively.
Four companies issued profit warnings this week: Trematon Capital Investments, Salungano, Stefanutti Stocks and Barloworld.
Four companies either issued, renewed, or withdrew cautionary notices this week: EOH, Pick n Pay, Insimbi Industrial and Spear REIT.
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