🇿🇦 Johannesburg Stock Exchange

Standard Bank Group (“SBG”) is proposing to buy 100% of Liberty Holdings Limited (“Liberty”) and to integrate Liberty more closely into the greater group. This will, subject to shareholder and regulatory approvals, lead to the de-listing of Liberty and Liberty becoming a wholly owned subsidiary of SBG. SBG currently owns 54% of Liberty’s issued ordinary shares.

Imperial (JSE:IPL) announced that it has entered into a transaction implementation agreement regarding a cash offer of ZAR66 per share from DP World to acquire all outstanding shares of Imperial, implying an estimated aggregate cash consideration of c. ZAR 12.7 billion. This offer represents a premium of 39.5% to the Imperial share price as at 7 July 2021 and a 34.2% premium to the 30-day volume weighted average price of Imperial.

The Johannesburg Stock Exchange (JSE) is pleased to announce that it has approved the listing of six SA Taxi Holdings’ social bonds on the bourse’s Sustainability Segment. The six social bonds valued at a total of R900 million will have a maturity of between one and 10 years. 

Shares in Thungela Resources (JSE:TGA), a South African thermal coal exporter, today commenced trading on the commodity counter of the Main Board of the Johannesburg Stock Exchange (JSE). Thungela Resources, which has its primary listing on the JSE, was created from the demerger and separation by Anglo American’s South African thermal coal assets. Thungela Resources produces 16.5 million tonnes of thermal coal per annum.