Greencoat Renewables, a renewable energy infrastructure company investing in European renewable energy generation assets, has applied for an inward secondary listing on the JSE. The company is currently listed on the Euronext Growth Market in Dublin and the Alternative Investment Market in London. The listing is expected to become effective in H2 2025 at which time the company will not place or issue any new shares as part of the listing.
Shareholders of Bytes Technology will receive a special dividend of 10 pence per share as announced in the release of the Group’s annual results, distributing £24,1 million to shareholders.
The publication by Raubex of the Group’s audited financial results for the year ended 28 February 2025 has been delayed with the company not able to provide a definitive revised date for the publication. The delay is the result of the company receiving an anonymous whistleblower report containing allegations of unlawful conduct concerning the group and into which it is investigating.
This week the following companies announced the repurchase of shares:
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 7 to 9 May 2025, the group repurchased 2,760,000 shares for €162,63 million.
On March 6, 2025, Ninety One plc announced that it would undertake a repurchase programme of up to £30 million. 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 948,898 ordinary shares at an average price of 157 pence for an aggregate £1,49 million.
On 19 February 2025, Glencore plc announced the commencement of a new US$1 billion share buyback programme, with the intended completion by the time of the Group’s interim results announcement in August 2025. This week the company repurchased 16,750,000 shares at an average price per share of £2.64 for an aggregate £44,13 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 387,539 shares at an average price per share of 258 pence for an aggregate £999,339.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 670,216 shares at an average price of £31.22 per share for an aggregate £20,91 million.
During the period 5 to 9 May 2025, Prosus repurchased a further 3,394,728 Prosus shares for an aggregate €146,21 million and Naspers, a further 276,340 Naspers shares for a total consideration of R1,39 billion.
Two companies issued profit warnings this week: Santova and Barloworld.
During the week two companies issued cautionary notices: Santova and AH-Vest.
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