Transcend Residential Property Fund issues shares
The company has issued 7,300,000 Transcend shares at R6.29 million to Emira Property Fund for a total consideration of R45,9 million. The shares, issued in terms of a general authority to issue shares for cash, were issued at a premium of 5.56% to the 30 day vwap calculated on October 2, 2018.
South32 repurchases shares
The company this week repurchased a further 1,559,750 shares for A$6.31 million (R65,6 million).
Hammerson plc repurchases shares
This week the company repurchased 1,123,500 shares at a cost of 4,99 million (R96,35 million) as part of a share buyback programme for its ordinary shares to return realised disposal proceeds to shareholders over the next 12 months. The maximum aggregate consideration under the programme will be "300 million up to a maximum of 79,422,719 ordinary shares.
Glencore (LON:GLEN) repurchase shares
The company has this week announced an increase in the size of its buy-back programme increasing the programme by a further $1 billion and the extension to February 2019. This week the company repurchased a further 11,000,000 shares at a cost of 35,81 million (R690,1 million).
Two companies issued a profit warning announcement
The following companies issued profit warnings this week: Tongaat Hulett and Accentuate.
Six companies either issued, renewed or withdrew cautionaries
The following companies advised shareholders: Pembury Lifestyle, Transcend Residential Property Fund, Invicta, Trustco, Gold Brands Investment and Afrocentric Investment.
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