In a heavily oversubscribed accelerated bookbuild, Spear REIT has raised R1 billion from qualifying investors. A total of 78,740,158 new ordinary shares were placed at an issue price of R12.70. The proceeds will be used for acquisition opportunities, brownfield projects to unlock embedded bulk, specifically within the industrial property portfolio and to fund capital expenditure for various asset management initiatives, such as the expansion of its PV solar portfolio.

Prosus has sold a 4.5% stake in Delivery Hero to Uber Technologies as required by the European Commission. In August 2025, the Commission approved the acquisition of Just Eat Takeaway.com by Prosus on condition the company significantly reduced the shareholding. The 13,58 million shares were disposed of at a price of €20.00 per share representing a premium of c.22% to the one-month VWAP of Delivery Hero shares as of 16 April 2026 resulting in gross proceeds to Prosus of c.€271,6 million. Following the sale Prosus’ shareholding in Delivery Hero amounts to 21.8% which will be reduced further in due course.

Following on-market transactions in March valued at R4,88 billion, to reduce its stake in FirstRand, Remgro has now fully exited it investment in the banking institution. The remaining 39,603,406 FirstRand shares were disposed of on-market for an aggregate cash consideration of R3,59 billion. Remgro acquired the stake following the unbundling of its strategic indirect interest in FirstRand, historically held through Remgro’s interest in RMB Holdings. At the time Remgro retained a direct exposure of 3.92%.

AttBid, a vehicle representing Atterbury Property Fund (APF), I Faan and I Dirk, which made an offer to RMH shareholders in February 2026, acquired a further 6,136,585 shares at R0.47 per share in on-market transactions this week. Following this, AttBid and APF hold 32.77% and 10.65% respectively, resulting in an aggregate of c.43.42% of the RMH shares in issue. The offer closes on 29 May 2026.

Italtile Staff Share Scheme Trust has disposed of 556,731 Trust shares in an off-market transaction to Ceramics at R8.86 per share for a total transaction value of R4,93 million. The shares will remain part of the authorised and issued share capital of the company and will be held for future use by Ceramics.

In a cautionary notice to shareholders Numeral advised that it intends to restate its audited results for the year ended 28 February 2025 with a large element of the intended restatement arising from the acquisition accounting for the recovery of the 50% interest in Cryo-Save South Africa. The required amendments are not expected to result in a material adverse impact to the overall financial condition of the company.

This week the following companies announced the repurchase of shares:

Quilter announced it would 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. This week Quilter repurchased 1,073,872 shares on the LSE with an aggregate value of £1,99 million and 336,318 shares on the JSE with an aggregate value of R13,69 million.

Ninety One plc announced that it has extended the repurchase programme from 31 March 2026 to 3 June 2026. The shares will be purchased on the open market and cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 531,636 ordinary shares at an average price 219 pence for an aggregate £1,16 million.

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. This week 2,532,667 shares were repurchased for and aggregate €1,87 million.

Anheuser-Busch InBev’s US$6 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 13 – 16 April 2026, the group repurchased 1,242,908 shares for €79,69 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 827,082 shares at an average price of £41.58 per share for an aggregate £34,39 million.

During the period 13 – 17 April 2026, Prosus repurchased a further 2,634,287 Prosus shares for an aggregate €112 million and Naspers, a further 1,008,427 Naspers shares for a total consideration of R929,82 million.

Three companies issued or withdrew a cautionary notice: Newpark REIT, ArcelorMittal South Africa and Numeral.

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