African Equity Empowerment Investments (AEEI) has made an offer to acquire a further 6% stake in Premier Fishing and Brands (PFB) for R1.60 per share. The offer could see PFB delist as the stake comprises the remaining free float shares.
Naspers and Prosus CEO Bob van Dijk has cashed in performance share awards valued in excess of R82 million.
US markets ended Friday in the red, with the S&P 500 and the Nasdaq falling by 0.7%.
The Nikkei 225 is slightly down in early morning trade, dropping by 0.2%, while the Hang Seng index dropped 2.2%%.
SpaceX has launched a lunar lander for the Japanese venture iSpace, which aims to create a moon economy.
Here is the biggest news of the day.
- African Equity Empowerment Investments (AEEI) makes an offer to acquire a further stake in Premier Fishing and Brands (PFB) that could see it delist. AEEI has made an announcement of a firm intention to make an offer to PFB minority shareholders to acquire a further 6.14% stake in the company for R1.60 per share. The stake comprises the remaining free float shares. AEEI already holds 56.23% in PFB, while 34.06% is held by 3Laws Capital and 3.57% is held by Sekunjalo.
- Bob van Dijk’s R82 million payday. Naspers and Prosus CEO Bob van Dijk elected to dispose of the entirety of performance share units that were awarded to him in 2019. The Naspers performance share units (PSUs) and linked Prosus PSUs fetched him at least R82 million. CFO Basil Sgourdos elected to only sell a portion of his awarded performance share to cover taxes and took delivery of the remaining shares.
- Sabvest Capital appoints a new Lead Independent Director. Funke Ighodaro will replace long-serving Bheki Shongwe.
- SpaceX launches lunar lander for Japanese venture iSpace. Japanese lunar exploration company iSpace began its long-anticipated first mission on Sunday, with a SpaceX Falcon 9 rocket launching the venture’s lunar lander. If successful, iSpace would be the first private company to land on the moon – a feat previously accomplished only by global superpowers. iSpace aims to create an economically viable ecosystem on the moon.