Thursday, March 5, 2026

Weekly corporate finance activity by SA exchange-listed companies

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Brait has successfully placed 5,633,802 Premier Group shares on the open market at an issue price of R177.30, raising gross proceeds of R1 billion. The placing shares constitute approximately 4.4% of the total Premier ordinary shares in issue. The net proceeds will be retained for general working capital purposes, potential investment opportunities and the repayment of group debt.

Africa Bitcoin has acquired a further 0.4742 BTC for a cash consideration of R512,466 at an average price of R1,080,695 per BTC. The group now holds 5.0246 BTC with an aggregate value of R7,83 million.

AttBid, a vehicle representing Atterbury Property Fund (APF), I Faan and I Dirk, which made an offer to RMH shareholders earlier this month, has acquired in on-market transactions RMH shares. Following the transactions, AttBid and APF hold 32.77% and 7.13% respectively, resulting in an aggregate of c.39.90% of the RMH shares in issue.

Salungano has advised that it estimates that the company will be able to request the JSE lift its suspended trading from June 2026 onwards. Wesizwe Platinum says it is on track to publish the audited financial statements for the year ended 31 December 2025 by not later than 30 April 2026, following which it will commence the necessary steps to lift the suspension of trading in the company’s shares.

This week the following companies announced the repurchase of shares:

GreenCoat Renewables has implemented a share buyback programme totalling €100 million over 12 months with a first tranche amounting to €25 million beginning on 5 March 2026 – representing 13% of the issued share capital.

Quilter has announced it will commence a share buyback programme to repurchase shares with a value of up to £100 million in order to reduce the share capital of the company and return capital to shareholders.

In a bid to optimise its capital structure and deliver enhanced value to shareholders, iOCO continued with the repurchase of shares in the open market. During the period 30 January to 27 February 2026, a further 2,899,689 shares were repurchased at an average price per share of R4.26 for an aggregate R12,35 million. Repurchased shares are currently held as treasury shares.

Anheuser-Busch InBev’s US$2 billion share buy-back programme continues. 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 23 to 27 February 2026, the group repurchased 392,609 shares for €31,25 million.

In December 2025, British American Tobacco extended its share buyback programme by a further £1.3 billion for 2026. The shares will be cancelled. This week the company repurchased a further 469,383 shares at an average price of £45.92 per share for an aggregate £21,55 million.

During the period 23 to 27 February 2026, Prosus repurchased a further 2,058,996 Prosus shares for an aggregate €90,7 million and Naspers, a further 794,130 Naspers shares for a total consideration of R717,07 million.

Four companys issued a profit warning this week: Merafe Resources, Thungela Resources, South Ocean and Sanlam.

Six companies issued or withdrew a cautionary notice: Remgro, Libstar, Tongaat Hulett, Raubex, RMH and ArcelorMittal South Africa.

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