Fortress Income Fund equity raise
The company has raised of R1.38 billion through the issue of 27 960 606 new Fortress A shares and 27 960 606 new B shares. The A shares were priced at R15.00 per share while the B shares were priced at R34.50 per share.
Argent Industrial repurchase of shares
The company has repurchased a further 201 420 shares for an aggregate consideration of R740 957. Argent is entitled to repurchase a further 18 692 544 shares in terms of the current general authority.
Redefine International share placing
Redefine International has successfully placed a total of R270 588 236 shares raising gross proceeds of £115 million.
ARM restructures BBEE Trust
African Rainbow Minerals will restructure its BBEE Trust following the decline in commodity prices. The company will repurchase 12 717 328 shares from the Trust at R51.19 per share.
Delta Africa Property share placing
The company has successfully placed 2 004 192 new shares at $1.70 per share to raise $3.4 million.
Mediclinic International issues shares
Al Noor Hospitals to be renamed Mediclinic International in terms of the scheme of arrangement has issued 72 115 384 shares to Remgro Health and Remgro Jersey.
Listing of additional DivTrax securities
400 000 additional DivTrax securities were issued and listed on February 12 at an issue price of R42.98 per security. ___________________________________________________________________________
Finbond Rights Offer
The group has announced the terms of the rights offer whereby 157 185 629 new Finbond ordinary shares will be offered for subscription at R3.34 per rights offer share.
Profit warning announcement
The following two companies issued a profit warning this week: Taste Holdings, Northam Platinum, Sun International, Impala Platinum, Advanced Health, Hulamin and Grindrod.
Five companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: ArcelorMittal South Africa, Keaton Energy, Alert Steel, Bioscience Brands, Ascension Properties.