Weekly corporate finance activity by SA exchange-listed companies

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

Prosus (JO: PRXJn ) completes share repurchase programme

Prosus has announced the completion of its share repurchase announced in August 2021. The company has repurchased a total of 57,951,367 Prosus ordinary shares N, representing c. 2,795% of the issued ordinary shares N, for a total consideration of "4,21 billion at an average cost per share of "72.7.

CSG Holdings Ltd (JO: CSGJ ) repurchases shares

The company repurchased 807,500 shares at an average price of 34.98 cents per share for an aggregate value of R277, 55 million.

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

Jasco has raised R48,3 million in terms of its partially underwritten non-renounceable rights offer announced on January 17, 2021. A total of 138,125,525 shares were issued at a subscription price of 35 cents per offer share. The funds will be used to reduce debt.

Novus declares special dividend

Following the sale of property and fixed assets, the company has announced its decision to pay shareholders a special cash dividend of 40c per share.

Liberty (JO: LBHJ ) shareholders to receive special distribution

The Liberty Board has declared a special distribution of R11.10 per Liberty share. The distribution will be paid simultaneously with the Standard Bank (JO: SBKJ ) Scheme Consideration.

Anglo American (JO: AMSJ ) repurchases shares

The company repurchased a further 792,860 shares at a cost of 26,94 million.

aReit Prop listing update

The company has informed investors that it has received an extension from the CIPC in relation to the offer and has secured the minimum 20% shareholder spread required as a condition to listing on the Main Board of the JSE. Initially the REIT was to list on February 14th but says it is processing applications froom overseas investors and will announce a listing date in due course.

Nvest Financial delists from AltX

The company delisted from AltX on February 8, 2022 following the scheme of arrangement offer of R2.10 per share to minorities in early November, 2021.

This week one company issued a profit warning announcement

The following company issued a profit warning: Telkom (JO: TKGJ ) SA SOC.

One company either issued, renewed or withdrew a cautionary this week The following company advised shareholders: Nutritional Holdings.

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