Weekly corporate finance activity by SA exchange-listed companies

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In terms of its Dividend Reinvestment Plan, Hammerson has, on behalf of shareholders electing this option, purchased 337,438 shares on the open market of the LSE at an average price of £3.40 per share and 30,651 shares on the local market at an average price of R74.91 per share.

Orion Minerals will issue 1,668,690 new shares valued at A$40,000 to BPDT. The shares are in lieu of a cash payment for services provided.

Equites Property Fund has confirmed the dividend reinvestment price, in terms of the dividend reinvestment alternative, at R17.50 per share. The last day to elect to receive the dividend reinvestment alternative is 6 November 2026.

PBT proposes to implement an Odd-lot Offer to 1,913 shareholders holding fewer than 100 PBT shares, comprising 37,138 (0.04%) of the company’s ordinary shares. At an offer price of R7.50, the maximum amount due would be R278,535 which the company will fund from cash resources. Shareholders will vote on the offer on 27 November 2026.

RMH shareholders approved the implementation of the Odd-lot Offer whereby the company will repurchase up to 3,057,020 shares at R0.59 per share for a total of R1,81 million. The offer price represents a 10% premium to the close on 18 September 2026. The Odd-lot Offer will close on 13 November 2026.

During the period 8 – 22 June and 16 September to 21 October 2026, Tiger Brands repurchased 4,878,363 shares representing 3.06% of the company’s market capitalisation. The R1,31 million paid for the shares was funded from available cash resources.

On 5 August 2026, Glencore announced a new US$500 million buyback programme intended to run through to February 2027. This week the company repurchased 2,640,000 shares for an aggregate £14,69 million.

South32’s extended repurchase programme commenced in September 2026, With a proposed buyback end date of 10 September 2027. This week the company repurchased 1,830,084 shares for an aggregate A$7,88 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 19 to 23 October 2026, the company repurchased 494,417 shares for an aggregate R221,19 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 19 to 23 October 2026, Quilter repurchased 35,329 shares on the LSE with an aggregate value of £63,512.

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 888,682 shares were repurchased for an aggregate €702,102.

During the period 19 to 23 October 2026, Prosus repurchased a further 2,424,432 Prosus shares for an aggregate €84,13 million and Naspers, a further 777,016 Naspers shares for a total consideration of R538,68 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 26 October 2026, the company repurchased a further 499,543 ordinary shares on the LSE at an average price 199 pence per share for an aggregate £992,835 and 159,767 shares on the JSE at an average price per share of R43.72 for an aggregate R6,98 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 19 to 23 October 2026, the company repurchased a further 610,214 shares at an average price of £44.28 per share for an aggregate £27,02 million.

Anheuser-Busch InBev’s US$6 billion share buy-back programme continues. As of 26 October 2026, the company has completed $2,6 billion of the $6 billion share buyback programme announced on 30 October 2025. 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 19 to 23 October 2026, the group repurchased 348,987 shares for €25,97 million.

One company issued a profit warning this week: Coronation Fund Managers.

Two companies announced, renewed or withdrew cautionary notices: Santova and Northam Platinum.

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