I present the Company’s half-yearly report for the six-month period ended 30 September 2020.
When I last reported to shareholders in July, the UK was just starting to come out of the first lockdown, and it was clear that some of the portfolio companies had been significantly negatively impacted by the coronavirus pandemic. Since then, we have seen the setback of the second wave and a further government-imposed lockdown.
Although some investments have been further hindered by the ongoing pandemic, particularly those within the leisure and hospitality sectors, many have now been able to adapt to the conditions and some have been able to benefit from the new environment, for example in the education technology sector.
JSE-listed Altron completes Bytes demerger, R10.9b windfall for shareholders
17 December 2020 7:01 PM
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Altron shareholders will get billions in the form of Bytes ordinary shares and cash. Bruce Whitfield interviews CEO Mteto Nyati.
The JSE-listed company is headquartered in South Africa. Bytes has been admitted. to unconditional trading on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing.
The move has created a windfall for Altron shareholders.
As a result of the demerger of Bytes, Altron shareholders will receive, after tax and transaction costs, a consideration of approximately GBP542m (c.R10.9 billion) in the form of Bytes ordinary shares and cash.
Petra Diamonds Ltd - Result of AGM
PR Newswire
Results of Annual General Meeting
Petra Diamonds Limited is pleased to announce that at the Annual General Meeting ( AGM ) held earlier today shareholders passed each of the ordinary and special resolutions by the requisite majorities on a poll.
The full text of each resolution is contained in the Notice of AGM, which is available on the Company s website at https://www.petradiamonds.com/investors/shareholders/meetings/.
The total number of votes cast for each resolution is set out in the table below.
Resolutions
Ordinary resolutions
1. To receive the Financial Statements of the Company for the year ended 30 June 2020, together with the Reports of the Directors and Auditors thereon ( 2020 Annual Report ).
Dec 17, 2020
Today, Bytes has been admitted to the premium listing segment of the official list of the UK’s Financial Conduct Authority, to unconditional trading on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing.
This marks the completion of the demerger of the Bytes group from the Altron Group, a transaction which Altron announced to the market in April 2020. The achieved price of £2.70 per Bytes ordinary share results in a market capitalisation at the Issue Price of approximately £647-million (about R13 billion) on Admission. The Issue Price was in the top half of the previously communicated price range of £2.40 to £2.90 per Bytes ordinary share.
NOTES: Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting net total shareholder return inclusive of NAV growth of 12.0% p.a. The Company currently holds a primary listing on the Main Market of the London Stock Exchange (LSE: GR1T), while its listing on the Official Market of the Stock Exchange of Mauritius Ltd is termed as a secondary listing (SEM: DEL.N0000).