In terms of its Dividend Reinvestment Plan (DRIP) Hammerson plc has, on behalf of shareholders electing this option, purchased 158,298 shares in the market at an average price of £2.84 per share and 154,921 shares in the local market at an average price of R70.22 per share.
Following the placement of 23,768,040 MTN shares in an accelerated book build, MTN Zakhele Futhi (RF), MTN’s B-BBEE vehicle, intends to declare a special dividend of at least R15 per MTNZF share.
Ninety One plc will issue 13,675,595 consideration shares to Sanlam in terms of the deal announced in November 2024 which sees the transfer of Sanlam Investment Management to Ninety One. The consideration represents a c.1.5% equity stake in Ninety One.
The JSE approved the transfer of the listing of Brimstone Investment Corporation to the General Segment of Main Board with effect from 17 June 2025. The listing requirements in this segment are less onerous for the smaller and mid-cap firms.
Following shareholder approval Gemfields has successfully raised US$30 million in a rights issue of 556,203,396 new shares. The rights issue was fully underwritten by Gemfields’ two largest shareholders, Assore International and Rational Expectations. Valid acceptances for 458,330,512 new shares were received representing c.82.40% of the total number of new shares to be issued. The remaining 97,87 million shares will be subscribed for by the underwriters.
Caxton and CTP Publishers and Printers have repurchased 23,911 shares for a total consideration of R339,536 in terms of the Odd Lot Offer to shareholders announced in April 2025. The shares have been cancelled and reinstated as unissued share capital.
Southern Palladium has completed the allotment of 16 million new fully paid ordinary shares at A$0.50 per share, which raised A$8 million before costs. The shares were issued at a 10.5% premium to the 10-day VWAP of A$0.45 per share. The funds will be used to accelerate the Definitive Feasibility Study and near-term mine development activities at the Bengwenyama mine.
This week HomeChoice International plc shareholders approved the proposed change of name to Weaver Fintech, marking a major shift in the company’s focus and growth strategy. The decision comes as the company’s fintech division has emerged as its main engine of growth and profitability.
The JSE has released the names of those companies who have failed to submit annual financial statements within the three months period as stipulated in the Listing Requirements. These are: African Dawn Capital, Brikor, Efora Energy, Copper 360 and Visual International. The companies have until 30 June 2025 to do so, failing which their listings may be suspended.
This week the following companies announced the repurchase of shares:
Glencore has completed the US$1 billion share buyback programme announced on 19 February 2025 repurchasing 268,121,000 shares for treasury. The company now holds 1,292,409,041 shares in treasury and has 11,932,590,959 shares in issue (excluding treasury shares).
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 1,119,646 shares were repurchased at an aggregate cost of A$3,61 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 9 to 13 June 2025, the group repurchased 147,764 shares for €9,46 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 306,193 shares at an average price per share of 293 pence for an aggregate £897,665.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 443,168 shares at an average price of £36.06 per share for an aggregate £15,98 million.
During the period 9 to 13 June 2025, Prosus repurchased a further 5,135,094 Prosus shares for an aggregate €242,9 million and Naspers, a further 305,608 Naspers shares for a total consideration of R1,65 billion.
Two companies issued profit warnings this week: Vunani and Brikor.
During the week three companies issued or withdrew cautionary notices: Tongaat Hulett, PSV and Metrofile.
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