Accelerate Property Fund has announced the results of its R200 million capital raise by way of a fully underwritten renounceable rights offer. Of the 500 million shares offered at 40 cents per Rights Offer share, the underwriter took up 135 million shares for R54 million.
Omnia is to pay shareholders a special gross dividend of 325 cents per share, payable in cash from income in respect of the year ended 31 March 2024. The aggregate R537 million is in addition to a final gross ordinary dividend of 375 cents per share.
Equites Property Fund will issue 28,111,564 new shares at an issue price of R12.00 per share in lieu of a final dividend resulting in retained profits of R337,34 million.
Shareholders holding 4.5% of Oasis Crescent Property Fund units qualifying to receive a distribution opted to reinvest the distribution. A total of 56,201 new units were issued amounting to R1,69 million.
enX is to make a special distribution of R5.00 to shareholders following the divestment of Eqstra Investments and receipt of R990,5 million net of retention and escrow amounts. The special distribution is deemed to be a dividend for tax purposes.
Trustco will issue 1,26 billion conversion shares and 2,52 billion shares settlement shares to lenders of the company (Q van Rooyen and Next Capital, both related parties to the company) to convert the company’s indebtedness. The shares will be issued at N$1.17 per share. To facilitate the transaction, the company will increase the authorised share capital from 2,5 billion ordinary shares to 7,5 billion ordinary shares. As this is a category 1 transaction, a circular will be distributed to shareholders who will vote on the transaction.
Invicta is to redeem 6,857,757 outstanding preference shares in issue at R102.50 per preference share.
Scheme conditions have been fulfilled with the result that the offer to buy out Ibex Investment (formerly Steinhoff Investment) preference shareholders has become unconditional. The termination of the listing of the preference shares from the JSE will be on 25 June 2024.
Cilo Cybin, an entity formed to list on the JSE as a SPAC (Special Purpose Acquisition Company) will list 71,017,906 ordinary shares on AltX, commencing trading on 25 June 2024. The company will pursue the acquisition of, and investments in, commercial enterprises operating in the Biotech, Biohacking or Pharmaceutical sector that will enable it to develop and expand methodologies by utilising Artificial Intelligence to deliver holistic and individualised solutions to better health, performance and longevity.
A number of companies announced the repurchase of shares:
In terms of its US$5 million general share repurchase programme announced in March 2024, Tharisa has repurchased 18,577 ordinary shares on the JSE at an average price of R18.12 per share and 510,372 ordinary shares on the LSE at an average price of 76.72 pence. The shares were repurchased during the period June 3 – 7, 2024.
In line with its share buyback programme announced in March, British American Tobacco this week repurchased a further 211,835 shares at an average price of £24.04 per share for an aggregate £5,1 million.
Prosus and Naspers continued with their open-ended share repurchase programmes. During the period 3 – 7 June 2024, a further 3,109,646 Prosus shares were repurchased for an aggregate €105,72 million and a further 291,362 Naspers shares for a total consideration of R1,12 billion.
Four companies issued profit warnings this week: Efora Energy, Vunani, Motus and Conduit Capital
Three companies issued cautionary notices this week: Trustco, Conduit Capital and The Spar Group.
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