Kore Potash has raised $0,8 million through the issue of 124,384,000 new ordinary shares. The proceeds will form part of its US$5 million commitment as per the Engineering, Procurement and Construction (EPC) contract for the construction of the Kola Potash Project.
Orion Minerals has issued 29,652,776 shares for a total consideration of A$444,792. The shares were issued to Webb Street Capital in lieu of fees owed by Orion for services provided.
Invicta announced the results of the odd-lot offer to the 1,510 ordinary shareholders on the share register holding less than 100 Invicta ordinary shares. The company repurchased 37,501 shares for a total consideration of R1,12 million.
Calgro M3 has repurchased 4,024,601 shares during the period 29 June 2023 to 7 August 2023. The shares, representing 3.30% of the issued ordinary share capital of the company, were repurchased for an aggregate R12,97 million. The shares will be delisted and cancelled.
Glencore has announced the commencement of another programme to repurchase the company’s ordinary shares on the open market for an aggregate value of $1,2 billion with the intended completion by February 2024. The company repurchased a further 1,930,000 shares for a total consideration of £8,79 million this week. In its half year report, Glencore advised it would distribute c.$1 billion ($0.08 per share) by way of a special cash distribution to shareholders.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 31 July – 4 August 2023, a further 2,269,254 Prosus shares were repurchased for an aggregate €159,6 million and a further 473,244 Naspers shares for a total consideration of R1,65 billion.
Reunert shares will be admitted to trade on A2X as a secondary listing with effect from 15 August 2023.
Four companies issued profit warnings this week: Impala Platinum, Cashbuild, Glencore and Lighthouse Properties.
Two companies issued or withdrew a cautionary notice: African Equity Empowerment Investments and Life Healthcare.
DealMakers is SA’s M&A publication.
www.dealmakerssouthafrica.com
