Weekly update | African listed companies, corporate deals (w/c 8 Jul)

Recent deals (M&A, IPOs, strategic shareholdings) include Sirius Real Estate Ltd, Mustek Ltd, Access Holdings Plc and Bamburi Cement Plc.

TECHNOLOGY

Standard Bank Group Limited (JSE:SBK) has acquired a beneficial interest in the securities of Mustek Limited (JSE:MST), an assembler and distributor of ICT products. Standard Bank now owns 14% of the company. Mustek is listed on the Johannesburg Stock Exchange. Read the full announcement.

BANKING

CalBank Plc (GSE:CAL) has listed and commenced the trading of 455,150,509 additional ordinary shares and 47,765,376 preference shares. CalBank is listed on the Ghana Stock Exchange. Read the full announcement. 

Access Holdings Plc (NGX:ACCESSCORP) has obtained approval from the Nigerian Securities and Exchange Commission to execute a rights issue of 17,772,612,811 ordinary shares of N0.50 each at N19.75 per share, on the basis of 1 ordinary dhare for every 2 ordinary shares. Access is listed on the Nigerian Stock Exchange. Read the full announcement.

REAL ESTATE

Janus Henderson Plc has acquired a 6.10% stake in Grit Real Estate Income Group Limited (LSE:GR1T; SEM:DEL). Grit is listed on the London and Mauritius stock exchanges. Read the full announcement.

Lighthouse Properties Plc (JSE:LTE) has reduced its stake in property development Hammerson Plc (LSE:HMSO; JSE:HMN). Hammerson is listed on the London and Johannesburg stock exchanges. Read the full announcement.

Sirius Real Estate Limited (JSE:SRE; LSE:SRE) has raised £150 million via a capital raising exercise. Sirius is listed on the Johannesburg and London stock exchanges. Read the full announcement.

INVESTMENT MANAGEMENT

Allan Gray Proprietary Limited has increased its stake in Ninety One Limited (LSE:N91; JSE:N91). Allan Gray now holds 15.1030% of the total issued securities of the company, up from 10.0613%. Ninety One is listed on the London and Johannesburg stock exchanges. Read the full announcement.

RETAIL

Pick N Pay Stores Limited (JSE:PIK; A2X:PIK) has received all the necessary approvals to implement its planned rights offer. It will consist of an offer of 252,206,809 renounceable rights to subscribe for new Pick n Pay ordinary shares in the ratio of 51.11 rights offer shares for every 100 Pick n Pay ordinary shares held by Pick n Pay Shareholders. Read the full announcement.

Mianzo Asset Management (Pty) Ltd has reduced its stake in Lewis Group Limited (JSE:LWEI) to 4.5% of the issued share capital of the company. Lewis is listed on the Johannesburg Stock Exchange. Read the full announcement.

CONSUMER GOODS

Amsons Industries (K) Limited, a subsidiary of Amsons Industries (T) Limited, has offered to acquire up to 100% of the ordinary shares of Bamburi Cement Plc (NSE:BAMB). Amsons is offering to purchase the company at a price of KES 65.00 per ordinary share. Bamburi is listed on the Nairobi Stock Exchange. Read the full announcement.

The Capital Group Companies, Inc has reduced its stake in British American Tobacco Plc (LSE:BATS; JSE:BTI; NYSE:BTI) from 13.011258% to 12.969688%. BAT Plc is listed on the London, Johannesburg and New York stock exchanges. Read the full announcement.

MINING

Allan Gray Proprietary Limited has increased its stake in Caledonia Mining Corporation Plc (NYSE:CMCL; LSE: CMCL; VFEX: CMCL). Caledonia is listed on the New York, London AIM, and Victoria Falls stock exchanges. Read the full announcement.

INVESTMENT HOLDINGS

The Public Investment Corporation SOC Limited (“PIC”) has disposed of a beneficial interest in the securities of Renergen Limited (JSE:REN; A2X:REN; ASX:RLT), an investment holding company. The PIC’s stake in the business now amounts to 4.841%. Read the full announcement.

ZCCM Investments Holdings Plc (LuSE:ZCCM; LSE:ZCC) has announced that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited to JCHX Mining Management Company Limited. ZCCM-IH owns 20.00% of Lubambe. ZCCM-IH is listed on the Lusaka and London stock exchanges. Read the full announcement. 

Titan Premier Investments (Pty) Limited, the investment vehicle belonging to Dr Christo H. Wiese has purchased an additional 47,760,593 shares in Brait Plc (LuxSE:BRTOR; SEM:BIH; JSE:BAT). Brait is listed on the Luxembourg, Mauritius and Johannesburg stock exchanges. Dr Wiese is a director of Titan and also a director of Brait Plc. His indirect beneficial shareholding held through Titan and its affiliates has increased from 28.66% to 34.26%. Read the full announcement.

Rex Trueform Group Limited (JSE:RTN) has increased its stake in Telemedia Proprietary Limited, a broadcasting and teleport services business, to 88.71%. Rex is listed on the Johannesburg Stock Exchange. Read the full announcement.

EPE Capital Partners Plc (or Ethos Capital) has disposed of its shareholding in Brait Plc (LuxSE:BRTOR; SEM:BIH; JSE:BAT), an investment holding company. Brait is listed on the Luxembourg, Mauritius and Johannesburg stock exchanges. Read the full announcement.


© Capital Markets Africa, 2024

Founded by journalist Chipo Muwowo, Capital Markets Africa aims to raise the profile of African listed companies. Whether you're a retail or institutional investor, based in Africa or outside, we want you to be better educated about the investment opportunity set and the broader African equities market ecosystem. Subscribe today!