Corporate finance activity of the week

New Europe Property Investments undertakes accelerated book build

The company completed a vendor consideration placement of R1 billion. The equity raised will be utilised partly to refinance the acquisition of the Arena Centar in Croatia, announced in November 2016. The book was oversubscribed and the shares were issued at R146 per share, a 1.15% discount to the closing price on February 28. 

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Vodacom to list its Tanzanian business 

Vodacom Tanzania, in which Vodacom has an 82.15% stake, is to list on the Dar es Salaam Stock Exchange. The IPO will consist of an issue of 560 million new Vodacom Tanzania shares to raise 476 billion Tanzanian Schillings.

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Private placement by Spear Reit

Spear has raised R119.1 million through an accelerated book build process and in terms of its general authority to issue shares for cash. 12 812 211 shares were placed at a price of R9.30 per share.

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Mara Delta Property to issue shares

Mara Delta will issue 7 111 420 new shares at $1.62 per share to partly settle The Mall de Tete acquisition in Mozambique and place a further 3 033 260 shares at $1.54 per share to reduce gearing on the Tamassa Transaction.

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 Afrimat to repurchase shares

The company intends to repurchase up to 5 million of its shares during the period March 1 to May 18 2017. 

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Buffalo Coal concludes shares-for-debt agreement

The company has issued 4.28 million shares to one of its creditors STA Coal Mining at $0.05 per share in settlement of $214 345 in respect of contract mining fees owed.

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Central Rand Gold issues conversion shares

The company has issued a further 6 946 052 new ordinary shares in respect of convertible security pursuant to the convertible securities issuance deed entered into with Bergen Global Opportunity Fund. The conversion price is 0.7 pence per share.

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Listing of additional NewFunds Momentum ETFs

200 000 ETFs were issued on March 1 at a price of R29.48 per unit. After listing, there will be 1 600 000 participatory interests in issue.

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Listing of additional CoreShares Top 50 securities

100 000 additional CoreShares Top 50 securities have been issued and listed on March 1 at an issue price of R20.50 per security.

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Listing of additional Ashburton Inflation ETFs

1 000 000 additional securities were issued and listed on March 2 at an issue price of R21.08 per security. Following the listing there will be 26 200 000 securities in issue.

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 Listing of additional DivTrax securities

150 000 additional DivTrax securities were issued and listed this week at an average issue price of R29.00 per security. Following the listing there will be 4 710 000 securities in issue.

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Listing of additional CoreShares S&P 500 securities

138 360 CSP500 securities were issued this week at an average issue price of R31.05 per security. After the securities have been issued and listed, there will be 8 099 295 securities in issue.

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 Listing of additional NewGold debentures

NewGold has issued an additional 500 000 debentures at an average issue price of R154.84 per debenture. After the additional issue there will be 120 977 939 debentures in issue.

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Four companies issued profit warning announcements

The following companies issued profit warnings this week: MTN, Basil Read, Aspen Pharmacare and Grindrod.

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Three companies either issued, renewed or withdrew cautionaries

The following companies advised shareholders: Blue Label Telecoms, Go Life International and Hwange Colliery.

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