Shareholders of RMH shares will receive a special dividend of 3.75 cents per RMH share. The announcement follows the successful sale by Atterbury Property to Attacq of the remaining 20% share in Mall of Africa for R1,07 billion and the subsequent decision by the Atterbury board to return cash to shareholders.
Pick n Pay has successfully closed the retail offer on the PrimaryBid platform. The company issued 2,659,574 ordinary shares at 94 pence, raising £2,5 million.
Brait’s fully underwritten equity capital raise will open on 29 July and close on 8 August 2024. The company intends to raise R1,5 billion and will offer 2,542,372,881 shares. Shareholders may apply for rights offer shares not taken up in excess of their pro rata entitlement. The proceeds will be used for general working capital purposes, potential investment in existing portfolio company and the repayment of debt.
Orion Minerals has issued 479,509,997 new shares at an issue price of 1.5 cents, raising A$7,2 million. The company had hoped to raise A$7,7 million from the private placement to fund progress on the development of the Prieska Copper Zinc Mine.
The JSE has notified shareholders of aReit Prop, Accelerate Property Fund and Sebata that the listings of these companies have been annotated with RE to indicate their failure to submit annual reports timeously and as such may be suspended if not submitted before 31 July 2024.
African Dawn Capital has had the trading of its shares suspended by the JSE for failure to publish its annual financial statements for the year ending 29 February 2024.
The majority of creditors have accepted the Business Rescue Plan for Wescoal Mining (Salungano). Wescoal Mining operations will continue under the oversight of the BRPs for the benefit of all affected parties following the implementation of the plan.
A number of companies announced the repurchase of shares:
In the period 29 April to 12 July 2024, Oasis Crescent Property Fund repurchased 2,017,022 units for an aggregate value of R40,11 million. The repurchases were funded out of the Fund’s available cash resources.
In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 900,000 shares at an average price of £24.82 per share for an aggregate £22,33 million.
In terms of its US$5 million general share repurchase programme announced in March 2024, Tharisa has repurchased a further 33,993 ordinary shares on the JSE at an average price of R19.69 per share and 651,594 ordinary shares on the LSE at an average price of 83.44 pence. The shares were repurchased during the period 8 – 12 July 2024.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 8 – 12 July 2024, a further 2,976,575 Prosus shares were repurchased for an aggregate €99,09 million and a further 260,187 Naspers shares for a total consideration of R925,03 million.
Three companies issued profit warnings this week: Trencor, Anglo American Platinum and Kumba Iron Ore.
Four companies issued cautionary notices this week: Chrometco, Burstone, Sasfin and Vunani.
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