Thursday, May 7, 2026

Weekly corporate finance activity by SA exchange-listed companies

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In August 2024, MC Mining signed an agreement with Kinetic Development Group (KDG) which would see KDG subscribe for shares in aggregate of 51%. The deal was structured to be completed in two tranches. The first tranche, completed in 2024 and equal to a 13.04% stake, was valued at the time at US$12,97 million (R230,88 million). The second tranche valued at $77 million (R1,43 billion) has now been completed, raising KDG’s shareholding in MC Mining to 51%.

This week the following companies announced the repurchase of shares:

During the month of April AIMIA repurchased and cancelled a total of 228,900 of its shares representing 0.3% of the company’s issued share capital. The shares were purchased at an average price of US$2.79 for an aggregate $638,344.

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 announced the repurchase of a further 1,655,272 shares on the LSE with an aggregate value of £3,03 million and 59,963 shares on the JSE with an aggregate value of R2,46 million.

Ninety One plc announced the extension of its repurchase programme from 31 March 2026 to 3 June 2026. The shares to be purchased on the open market are cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 732,914 ordinary shares at an average price 213 pence for an aggregate £1,277 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 1,071,217 shares were repurchased for and aggregate €1830,378.

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 26 April – 1 May 2026, the group repurchased 1,017,064 shares for €64,12 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 517,811 shares at an average price of £42.83 per share for an aggregate £22,18 million.

During the period 28 – 30 April 2026, Prosus repurchased a further 1,528,155 Prosus shares for an aggregate €62,21 million and Naspers, a further 515,869 Naspers shares for a total consideration of R460,58 million.

One company issued or withdrew a cautionary notice: Sebata.

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