Corporate finance activity of the week. Tiger Brands to unbundle stake in Oceana

The company has decided to pursue an unbundling of its entire stake in Oceana.

The decision was taken following a review of Ocean's fit with the group's core

business undertakings. The approximate implementation date of the unbundling

is April 2019.

Mondi to simplify group structure

Mondi Plc and Mondi Ltd have announced a proposed restructure of the group

from the current dual listed company structure into a single holding company

structure under Mondi Plc. Mondi Plc will continue to have a primary listing

on the LSE and will have an inward secondary listing on the JSE. Further

details will be announced in due course.

Argent Industrial repurchases shares

Argent has repurchased 1,069,367 shares representing 1.12% of the company's

issued share capital. The shares were acquired at a share price of between

3.15 rand and 4.75 rand per share. The total amount paid for the shares was 4,2 rand

million.

Long4Life repurchases shares

Long4Life has repurchased 27,710,396 shares representing 3% of the company's

issued share capital. The shares were acquired at an average share price of

4.39 rand per share. The total amount paid for the shares was 121,7 rand million.

Reinet Investments commences share repurchase programme

Reinet intends to purchase shares at market prices for an aggregate maximum

amount of "55 million subject to a maximum of 3,2 million shares over a period

commencing on November 20, 2018 to March 15, 2019. Shares repurchased under

the programme may be used as consideration for acquisitions.

South32 repurchases shares

The company this week repurchased a further 2,402,072 shares for A$8 million

(81,66 rand million).

Hammerson plc repurchases shares

This week the company repurchased 1,183,188 shares at a cost of 5 million

(89,54 rand 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 repurchase shares

This week the company repurchased a further 16,250,000 shares at a cost of

48,47 million (867,64 rand million) in terms of its buy-back programme.

Sandown Capital to change name

Sandown Capital has received shareholder approval to change its name to

Zarclear. The resolution to amend the company's name will be lodged with the

Companies Intellectual Property Commission for registration.

BHP Billiton to trade under new name

Following shareholder approval, BHP Billiton Ltd and BHP Billiton Plc have

changed their names to BHP Group Ltd and BHP Group Plc respectively. Trading

under the new name commence on November 23, 2018.

Six companies issued a profit warning announcement

The following companies issued profit warnings this week: Netcare, Taste,

Niveus Investments, Tsogo Sun, Pepkor and Nictus.

Seven companies either issued, renewed or withdrew cautionaries

The following companies advised shareholders: CSG, Group Five, Trustco Group,

Gold Brands Investment, Transcend Residential Property Fund, Invicta and

Ingenuity Property Investments.

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