enX has declared a special distribution of R1.30 to shareholders, its second this year. In March, the company paid a special distribution of R1.55 from proceeds of sale of Centlube, Zestcor and Ingwe.

MTN Zakhele Futhi has approved a gross cash distribution to shareholders by way of a return of contributed tax capital from income reserves of R20.00 per share. The distribution of c.R2,47 billion will be made on 28 July 2025.

Orion Minerals has announced its intention to raise A$9,8 million, via the issue of $5,8 million worth of new shares. New shares valued at $3,3 million will be placed with select investors while a further $0,5 million would go to Tarney Holdings, with the remaining $2,1 million worth of new shares taken up by Ratel Growth. The company also proposes to offer a share purchase plan to existing shareholders of Orion to increase their stake in the company by up to $30,000, in a bid to raise up to $4 million. The capital raised will be used to fund working capital to support the Prieska Copper Zinc Mine and Okiep Copper Project developments.

The JSE has advised that the listing of Rebosis Property Fund will be removed from the bourse on 21 July 2025 following the failure by the company to remedy the various non-compliances since its suspension in August 2022. Shareholders are warned that they will remain invested in an unlisted company with the last day to trade (off-market) being 15 July 2025.

This week the following companies announced the repurchase of shares:

In May 2025 Tharisa plc announced it would undertake a repurchase programme of up to US$5 million. Shares have been trading at a significant discount, having been negatively impacted by the global commodity pricing environment, geo-political events and market volatility. Over the period 27 June to 4 July 2025, the company repurchased 75,505 shares at an average price of R20.7391 on the JSE and 315,453 shares at 86 pence per share on the LSE.

Glencore plc will undertake a further share buy-back programme to acquire shares of an aggregate value of up to US$1 billion. The shares will be repurchased on the LSE, BATS, Chi-X and Aquis exchanges and is expected to be completed in February 2026. This week 2,700,000 shares were repurchased at an average price of £3.01 per share for an aggregate £8,13 million.

Pan African Resources has commenced the share buyback programme announced in early June 2025. The programme will take place on the AIM Market of the LSE and the JSE with c.R200 million (c.£8,2 million) to be purchased across both exchanges. This week 1,183,418 shares were repurchased at an average price of 48 pence per share for an aggregate £650,973.

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 204,098 shares at an average price per share of 294 pence for an aggregate £599,887.

In May 2025, British American Tobacco plc extended its share buyback programme by a further £200 million, taking the total amount to be repurchased by 31 December 2025 to £1,1 billion. The extended programme is to be funded using the net proceeds of the block trade of shares in ITC to institutional investors. This week the company repurchased a further 714,678 shares at an average price of £35.52 per share for an aggregate £22,41 million.

During the period 30 June to 4 July 2025, Prosus repurchased a further 2,272,998 Prosus shares for an aggregate €106,58 million and Naspers, a further 206,733 Naspers shares for a total consideration of R1,13 billion.

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