In a successful private placement, Spear REIT has placed a total of 37,553,852 new shares at an issue price of R8.35 per share. The proceeds of the private placement will be utilised to settle certain debt obligations.
Zeder Investments has declared a special cash dividend of 20 cents per ordinary share, payable from income reserves. The company has 1,540,160,354 ordinary shares in issue.
Following the launch of the share buy-back programme announced in October 2023, AB InBev has repurchased a further 829,124 shares at an average price of €57.44 per share for an aggregate €47,62 million. The shares were repurchased over the period 29 January to 2 February 2023.
In terms of its authority to repurchase ordinary shares in the company, Argent Industrial has repurchased 989,360 shares for an aggregate R15,1 million. Argent is entitled to repurchase a further 9,8 million shares representing 17.64% of the ordinary shares in issue as at the date of the authority.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 29 January to 2 February 2024, a further 5,769,435 Prosus shares were repurchased for an aggregate €160,87 million and a further 368,725 Naspers shares for a total consideration of R1,17 billion.
Three companies issued profit warnings this week: Italtile, Impala Platinum and Anglo American Platinum.
Two companies issued or withdrew cautionary notices. The companies were: Ayo Technology Solutions and MultiChoice.
DealMakers is SA’s M&A publication
www.dealmakerssouthafrica.com
