Bidvest proposes unbundling of the Foodservice Business

Further to Bidvest’s announcement in October that it was in the process of formalising a restructure of its business operations, it has now announced the intention to unbundle and separately list on the JSE the foodservice operations.

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Schroder European Real Estate Investment Trust share placing

The company has successfully issued 13,284,686 new shares at 104 pence per share to raise £13,8 million.

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Central Rand Gold share placing

The company has successfully placed 14,279,371 new shares at 3.5 pence per share to raise £1,22 million.

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Results of Prescient’s dividend reinvestment alternative

Shareholders holding 3.91% of Prescient’s shares elected the Capitalisation Distribution resulting in the issue of 1,789,857 new ordinary shares.

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Listing of additional Satrix 40 securities

Satrix 40 issued and listed an additional 2 million securities on February 9 at an issue price of R43.89 per security.

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Northam Platinum Bond

The company has entered into a subscription agreement with the Industrial Development Corporation of SA in terms of which the IDC has agreed to subscribe for new domestic medium term notes in an amount of R250m.

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Foreign Listing

Astoria Investments has received approval from the Namibian Stock Exchange to list 126,809,944 shares by way of a secondary listing on the NSX with effect from February 10.

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Listing on the JSE

Gold Brands Investments will list on the JSE today, with 110,000,000 trading on AltX.

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Profit warning announcement

The following two companies issued a profit warning this week: Delta EMD, Assore, Royal Bafokeng Platinum, Kumba Iron Ore, Adcorp, Moneyweb, Stellar Capital Partners and Vunani

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11 Companies either issued, renewed or withdrew cautionaries

The following companies advised shareholders: Redefine Properties, Total Client Services, 1time, Illovo Sugar, The Bidvest Group, RBA Holdings, Adcorp, Kumba Iron Ore, Wilderness, Italtile and Accentuate.