Following the results of the scrip dividend election, Dipula Properties will issue 19,041,044 new ordinary shares in the company in lieu of an interim dividend, resulting in a capitalisation of the distributable retained profits in the company of R128,53 million. The shares were based on a reinvestment price of R6.75 per share.

This week Novus acquired an additional 26,780 Mustek shares at R15.00 per share on the open market (outside of the Mandatory Offer) for R401,700. The company now holds 29,02 million Mustek shares constituting 50.44% of the issued shares in Mustek. Together with concert parties this shareholding increases to c.70.73%.

Numeral has received approval from the Stock Exchange of Mauritius to change its listing classification to the investments category. The approval provides the company with greater strategic flexibility to pursue its investment holding strategy, including the acquisition, incubation, management and development of operating businesses and strategic investments across multiple sectors and jurisdictions.

The JSE has advised shareholders of Brikor, Mantengu and Visual International that the companies have failed to submit their financial statements within the three months period as stipulated by the Listing Requirements. Should these companies fail to submit their financial statements before 30 June 2026, their listings may be suspended.

Business Rescue Practitioners have withdrawn the application for provisional liquidation of Tongaat Hullet which was filed on 12 February 2026. This follows a binding agreement by the parties involved to restructure the group. The Industrial Development Corporation, Tongaat’s largest creditor, will convert its R2,5 billion claim into equity, becoming a significant shareholder in Vision. In addition it will extend post-commencement finance to end-September 2026 to support Tongaat’s continued trading during the restructuring. The Vision consortium comprises Terris Sugar, Remoggo and Almoiz. Tongaat Hullet remains in Business Rescue.

This week the following companies announced the repurchase of shares:

Reinet Investments intends to repurchase its shares for an aggregate maximum amount of €500 million and a maximum of 16,5 million shares over a period up to the 2027 AGM. The implementation will be through a number of successive and separate programmes. Under the programme, Reinet will first commence a purchase programme for an aggregate €75 million subject to a maximum of 2,5 million shares over a period commencing 22 June 2026 and ending 19 August 2026. The Rupert family will not dispose of any shares during the duration of the programme.

ADvTECH has repurchased 5,740,128 shares on the open market over the period 30 March 2026 to 10 June 2026. The repurchase represents c.1.04% of the company’s issued share capital. The shares were repurchased in a price range of R40.47 to R44.90 per share for an aggregate R250 million. The shares will be cancelled.

Bytes Technology has announced in May 2026 its intention to implement a new share repurchase programme to purchase the company’s shares for an aggregate value of up to £25,0 million. This week the company repurchased 575,000 shares at an average price per share of £3.69 for an aggregate £2,12 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. Over the period 8 – 12 June 2026, the company repurchased a further 617,131 shares at an average price of £45.33 per share for an aggregate £27,96 million.

To reduce the share capital of the company and return capital to shareholders, Quilter commenced a £100 million share buyback programme. During the period 8 to 12 June 2026, Quilter repurchased a further 917,907 shares on the LSE with an aggregate value of c.£1,75 million and 234,470 shares on the JSE with an aggregate value of R9,81 million.

Ninety One plc announced an increase in the repurchase programme from £30 million to £55 million to be completed by 21 July 2026. The shares to be purchased on the open market will be cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 898,835 ordinary shares at an average price 217 pence for an aggregate £1,95 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 1,108,090 shares were repurchased for and aggregate €817,601.

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 8 to 12 June 2026, the group repurchased 532,602 shares for €37,24 million.

During the period 8 – 12 June 2026, Prosus repurchased a further 2,373,260 Prosus shares for an aggregate €94,5 million and Naspers, a further 904,340 Naspers shares for a total consideration of R795,78 million.

One company issued a profit warning this week: Crookes Brothers.

Two companies issued or withdrew a cautionary notice: Mantengu and Numeral.

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