Fairvest has raised R1,25 billion via an accelerated book build which, at this level, was oversubscribed. The company will issue 185,185,185 new B shares at a price of R6.75 per share which represents a 2.7% discount to the 30-day VWAP of the B share of R6.94 per share. Initially the company aimed to raise R500 million. In April the company undertook a capital raise of R900 million, issuing 130,43 million shares at R6.90 per Fairvest A share – a 5.5% premium to the 30-day VWAP at the time. Fairvest intends to use a component of the funds to close on strategic acquisitions currently under negotiation.
Datatec returned R7,05 billion to shareholders through a special cash dividend and a scrip distribution alternative. The company issued 94,32 million shares at R50.63 per share resulting in a capitalisation of distributable retained profits of R4,78 billion while shareholders holding 78,59 million Datatec shares opted for the special cash dividend of R29.00 per share resulting in a distribution of R2,28 billion.
Following the results of the scrip dividend election, Fortress Real Estate Investments will issue 19,451,831 new Fortress B shares in lieu of a final dividend, resulting in a capitalisation of the distributable retained profits in the company of R466,8 million. The shares were based on a reinvestment price of R24.00per share.
In September Shuka Minerals agreed to the assignment of c.£800,000 of its Gathoni Muchai Investments (GMI) Convertible Loan to several strategic investors. The restructuring reduced the company’s immediate debt burden, bringing in long-term capital backing for its flagship asset. An Australian investor has elected to convert a £63,334 loan into to 1,583,352 new ordinary shares at a conversion price of £0.04 per share. Separately the creditor has agreed to the settlement of an outstanding invoice of £61,000 through the issue of 1,525,000 new ordinary shares at a price of £0.04 per share.
Europa Metals listed on the ASX on 16 October 2026, with its IPO raising A$4 million. The funds raised will be used for an initial exploration programme across three priority projects in Austria.
This week the following companies announced the repurchase of shares:
South32’s extended repurchase programme commenced in September 2026. The company will, in total, acquire up to 4,49 billion shares with a proposed buyback end date of 10 September 2027. This week the company repurchased 1,380,655 shares for an aggregate A$6,01 million.
Reinet Investments commenced its 7th share repurchase programme, for up to an aggregate maximum amount of €250 million subject to a maximum of 8 million ordinary shares over a period ending on 15 December 2026. The shares will not be cancelled. During the period 12 to 16 October 2026, the company repurchased 572,869 shares for an aggregate R254,91 million.
In March 2026, Quilter commenced a £100 million share buyback programme, to reduce the share capital of the company and return capital to shareholders. The third and final tranche of the programme commenced on September 8, 2026, with repurchased shares to be cancelled. During the period 12 to 16 October 2026, Quilter repurchased 755,902 shares on the LSE with an aggregate value of £1,34 million.
In June 2026, Greencoat Renewables announced its intention to commence a second tranche of the repurchase programme to return a further €25 million of capital to shareholders. The second tranche repurchase will be complete by end-December 2026. This week 664,204 shares were repurchased for an aggregate €529,616.
During the period 12 to 16 October 2026, Prosus repurchased a further 2,303,676 Prosus shares for an aggregate €82,77 million and Naspers, a further 665,075 Naspers shares for a total consideration of R476,62 million.
Ninety One plc announced an increase in the repurchase programme from £30 million to £55 million. The shares, to be purchased on the open market, will be cancelled to reduce the Company’s ordinary share capital. On the 16 October 2026, the company repurchased a further 644,144 ordinary shares on the LSE at an average price 203 pence per share for an aggregate £1,31 million and 181,476 shares on the JSE at an average price per share of R44.42 for an aggregate R8,06 million.
British American Tobacco has again extended its share buyback to end on 23 December 2026. All shares repurchased will be cancelled. Over the period 12 to 16 October 2026, the company repurchased a further 658,415 shares at an average price of £43.02 per share for an aggregate £28,28 million.
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. Over the period 12 to 16 October 2026, the group repurchased 364,696 shares for €25,99 million.
Two companies issued profit warnings this week: Finbond and Pick n Pay Stores.
Three companies announced, renewed or withdrew cautionary notices: Putprop, Mahube and ArcelorMittal South Africa.
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