As part of the continued Prosus and Naspers repurchase programme, Prosus has advised that it has sold a further 1,115,000 ordinary shares in Tencent to fund the repurchases. Prosus total ownership in Tencent now stands at 27.99%.

As mentioned at its annual results presentation in August, MAS plc will take a secondary listing on A2X as of September 14, 2022. MAS will retain its primary listing on the Main Board of the JSE and its issued share capital will be unaffected by the secondary listing.

A number of companies announced the repurchase of shares

Invicta has repurchased 4,011,200 shares for an aggregate consideration of R108,45 million. The general repurchase was funded from cash generated from operations.

Glencore this week repurchased 12,880,000 shares for a total consideration of £59,58 million. The share purchases form part of the second part of the Company’s existing buy-back programme which is expected to be completed over the period from August 4, 2022 to February 14, 2023.

South32 repurchased this week a further 5,296,095 shares at an aggregate cost of A$21,73 million.

Prosus continued with its open-ended share repurchase programme. This week the company announced that during the period 29th August to September 2nd 2022 a total of 3,453,497 Prosus shares were acquired for an aggregate €214,37 million.

British American Tobacco repurchased a further 960,000 shares this week for a total of £33,21 million. Following the purchase of these shares, the company holds 208,114, 782 of its shares in Treasury.

Two companies issued profit warnings. The companies were: Metair Investments and Advanced Health.

Five companies this week issued or withdrew cautionary notices. The companies were: Chrometco, Conduit Capital, Onelogix, MC Mining and Tongaat Hulett.

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