Weekly corporate finance activity by SA exchange-listed companies

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Weekly corporate finance activity by SA exchange-listed companies
Credit: © Reuters.

Stor-Age Property REIT completes capital raise

The company successfully completed an equity raise of R575 million implemented through an accelerated bookbuild. A total of 40,209,790 new ordinary shares were placed at an issue price of R14,30 per share, representing a discount of 0.92% to the volume weighted average traded price ending on January 19, 2022.

Jasco Electronics (JO: JSCJ ) announces terms of Rights Offer

Jasco will issue 157,142,857 new Jasco shares at a subscription price of 35 cents per Rights Offer share to raise R55 million. This equates to a 4% discount to the 30-day VWAP on September 13, 2021 of 37 cents. The results of the offer will be announced on February 7, 2022. The funds will be used to stabilise the Group's balance sheet and to reduce gearing levels. Community Investment Holdings will underwrite a maximum of 108,321,347 Rights Offer shares amounting to R37,9 million.

Results of Sirius Real Estate's scrip distribution election

Sirius has issued a total of 2,695,067 new company shares in terms of its scrip distribution alternative. The company's total issued share capital now consists of 1,172,160,992 ordinary shares.

Quilter repurchases additional shares

Since the start of the year Quilter has repurchased an additional 5,517,797 shares on the LSE at a cost of 8.25 million and a further 3,082,742 shares on the JSE for R97,12 million.

Prosus (JO: PRXJn ) repurchases additional shares

Prosus has, since the start of 2022, purchased a further 4,921,617 ordinary shares N for a total consideration of "361,15 million.

Anglo American (JO: AMSJ ) repurchases shares

In terms of the announcement issued by Anglo American on July 29, 2021, the company has so far this year announced the repurchased of a further 1,346,216 shares at a cost of 44,71 million.

This week one company issued a profit warning announcement

The following company issued a profit warning: Woolworths (ASX: WOW ).

Eight companies either issued, renewed or withdrew cautionaries this week The following companies advised shareholders: Labat Africa, Royal Bafokeng Platinum (JO: RBPCBe ), Distell (JO: DGHJ ), ARB, Aspen (JO: APNJ ) Pharmacare, Kaap Agri, African Equity Empowerment Investments and Stor-Age.

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