MTN has advised shareholders of further progress made in the MTN Zakhele Futhi structure unwind. MTN has repurchased 50,590,890 shares, representing c.2.68% of the group’s issued share capital from MTNZF in full settlement of the outstanding balance of the notional vendor funding of R6,43 million. Following this c.2,48m MTN shares will remain in the structure and will be sold on the open market in due course.
The JSE has approved the transfer of the listing of Accelerate Property Fund to the General Segment of Main Board with effect from commencement of trade on 27 June 2025. The listing requirements in this segment are less onerous for the smaller cap firms.
This week the following companies announced the repurchase of shares:
In the period 21 November 2024 to 20 June 2025 Momentum repurchased 42,403,434 shares in terms of the general authority granted by shareholders in November 2024. The shares were repurchased at an average price of R31.22 at a total value of R1,32 billion.
African Rainbow Minerals has repurchased and cancelled 3,239,681 ordinary shares in a series of unrelated transactions. The average price per share paid was R154.27, representing a total consideration of R499,8 million.
In its annual financial statements released in August 2024, South32 announced that it would increase its capital management programme by US$200 million, to be returned via an on-market share buy-back. This week 720,860 shares were repurchased at an aggregate cost of A$2,07 million.
In October 2024, Anheuser-Busch InBev announced a US$2 billion share buy-back programme to be executed within the next 12 months which will result in the repurchase of c.31,7 million shares. The shares acquired will be kept as treasury shares to fulfil future share delivery commitments under the group’s stock ownership plans. During the period 16 to 20 June 2025, the group repurchased 125,000 shares for €7,71 million.
Hammerson plc continued with its programme to purchase its ordinary shares up to a maximum consideration of £140 million. The sole purpose of the buyback programme is to reduce the company’s share capital. This week the company repurchased 304,548 shares at an average price per share of 295 pence for an aggregate £897,303.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 347,783 shares at an average price of £35.93 per share for an aggregate £12,49 million.
During the period 17 to 20 June 2025, Prosus repurchased a further 3,853,134 Prosus shares for an aggregate €178,62 million and Naspers, a further 321,556 Naspers shares for a total consideration of R1,69 billion.
Three companies issued profit warnings this week: Castleview Property Fund, Marshall Monteagle and Cilo Cybin.
During the week three companies issued or withdrew cautionary notices: AH-Vest, Ayo Technology Solutions and TeleMasters.
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