Edition:
India

Brait SE (BATJ.J)

BATJ.J on Johannesburg Stock Exchange

345.00ZAc
18 Sep 2020
Change (% chg)

-11.00 (-3.09%)
Prev Close
356.00
Open
359.00
Day's High
359.00
Day's Low
339.00
Volume
6,466,103
Avg. Vol
2,427,188
52-wk High
1,305.08
52-wk Low
235.00

Latest Key Developments (Source: Significant Developments)

Brait SE Announces Underwritten Renounceable Rights Offer
Tuesday, 21 Jan 2020 

Jan 21 (Reuters) - Brait SE ::JSE: BAT - RIGHTS OFFER DECLARATION AND FINALISATION ANNOUNCEMENT: FULLY COMMITTED AND UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER.BRAIT - TO UNDERTAKE POTENTIAL NON-PRE-EMPTIVE SPECIFIC ISSUE OF FULLY PAID SHARES OF EUR 0.22 EACH OF UP TO R350 MILLION ISSUED AT OFFER PRICE.BRAIT SE- INTENDS TO UNDERTAKE RENOUNCEABLE RIGHTS OFFER ON A PRE-EMPTIVE BASIS FOR 795.5 MILLION NEW SHARES.  Full Article

Brait SE Reports HY Basic Headline Loss Per Share Of 20 Euro Cents
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - Brait SE ::JSE: BAT - CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2019.BRAIT SE - NAV PER SHARE AT 30 SEPTEMBER 2019 OF R38.00 (FY2019: R41.80).BRAIT SE - NEW ADVISORY AGREEMENT, AT A SIGNIFICANTLY REDUCED COST, WILL BE ENTERED INTO WITH ETHOS PRIVATE EQUITY.BRAIT SE - ADVISORY TEAM GOING FORWARD WILL COMPRISE A COMBINATION OF ETHOS EXECUTIVES AND CERTAIN MEMBERS FROM BRAIT'S EXISTING CORPORATE ADVISORS.BRAIT SE - HY LARGELY IMPACTED BY NEW LOOK’S POOR PERFORMANCE, CHALLENGING CONDITIONS FOR CONSUMER FACING COS IN PRIMARY UK AND SA MARKETS.BRAIT HY BASIC LOSS AND BASIC HEADLINE LOSS PER SHARE 20 EURO CENTS.  Full Article

Brait SE Engaged In An Extensive Process To Materially Reduce Debt
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Brait SE ::TITAN HAS CONFIRMED TO BOARD IT INTENDS TO REMAIN A SIGNIFICANT AND STRATEGIC SHAREHOLDER IN BRAIT.BOARD OF BRAIT AND BRAIT'S CORPORATE ADVISORS AND BRAIT ADVISORY SERVICES HAVE BEEN ENGAGED IN AN EXTENSIVE PROCESS TO MATERIALLY REDUCE DEBT.PROCESSES MAY INVOLVE A REFINANCING OF EXISTING DEBT, POTENTIAL EQUITY RAISING INITIATIVES, RECAPITALISATION OF GROUP.PROCESSES MAY INVOLVE DIVESTITURES OR A COMBINATION OF FOREGOING.INITIATIVES ARE AT AN ADVANCED STAGE TO SIGNIFICANTLY REDUCE NET OPERATING COSTS OF BRAIT.  Full Article

Brait Announces Completion Of New Look's Balance Sheet Restructuring
Friday, 3 May 2019 

May 3 (Reuters) - Brait SE ::ANNOUNCEMENT OF THE COMPLETION OF NEW LOOK’S BALANCE SHEET RESTRUCTURING.NEW LOOK'S LONG-TERM DEBT HAS BEEN SIGNIFICANTLY REDUCED FROM GBP1,350 MILLION TO GBP350 MILLION.FURTHER RECEIVED GBP150 MILLION OF NEW MONEY THAT HAS BEEN USED TO REFINANCE BRIDGE FACILITY AND PROVIDE NEW LOOK WITH ADDITIONAL LIQUIDITY.TOTAL NEW SSNS IN ISSUE OF GBP400M FOR PORTFOLIO CO NEW LOOK.BRAIT'S EQUITY HOLDING IN NEW LOOK POST TRANSACTION IS 18.5%.REMAINS LARGEST SHAREHOLDER IN NEW LOOK.AFTER NEW LOOK BALANCE SHEET RESTRUCTURING, BRAIT'S 18% HOLDING OF EXISTING SSNS HAS BEEN EXCHANGED INTO GBP45 MILLION OF REINSTATED SSNS.  Full Article

Brait SE Says New Look Has Received 80 Mln Stg Interim Funding Support
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Brait SE ::BRAIT SE - NEW LOOK HAS RECEIVED £80 MILLION INTERIM FUNDING SUPPORT TO ALLOW TRANSACTION TO BE IMPLEMENTED.BRAIT SE - NEW LOOK RETAIL GROUP ANNOUNCED THAT IT HAS ACHIEVED REQUIRED MAJORITY THRESHOLDS TO IMPLEMENT BALANCE SHEET RESTRUCTURING TRANSACTION.BRAIT SE - GOT BINDING COMMITMENTS FOR £150 MILLION OF NEW MONEY THAT WILL BE USED TO REFINANCE BRIDGE FACILITY.BRAIT SE - BRAIT'S EQUITY HOLDING IN NEW LOOK POST TRANSACTION WILL BE BETWEEN 18% AND 23%.BRAIT SE - BRAIT WILL ADVANCE BETWEEN £9 MILLION AND £18 MILLION FOR NEW MONEY BONDS, QUOTED NET OF RECEIPT OF AROUND £18 MILLION.BRAIT SE - FOLLOWING TRANSACTION, BRAIT'S CURRENT 18% HOLDING OF SSNS WILL BE EXCHANGED INTO AROUND £45 MILLION OF REINSTATED SSNS.BRAIT SE - FOLLOWING TRANSACTION BRAIT WILL HAVE AN AGGREGATE SSNS HOLDING OF BETWEEN £72 MILLION AND £81 MILLION.BRAIT SE - LOCK-UP DEAL BY IN EXCESS OF 95% OF HOLDERS OF SENIOR SECURED NOTES, 75% OF REVOLVING CREDIT FACILITY LENDERS TO SUPPORT DEAL.  Full Article

Brait Posts HY NAV Per Share At 55.23 Rand
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Brait SE ::HY NAV PER SHARE AT ZAR55.23."BRAIT HAS PERFORMED IN LINE WITH EXPECTATIONS WITH A BROADLY FLAT PERFORMANCE IN A TOUGH ENVIRONMENT IN BOTH SOUTH AFRICA AND UK".FOCUS FOR THE NEXT 18 MONTHS IS TO POSITION BRAIT TO RESUME ITS GROWTH NAV PER SHARE.  Full Article

BRIEF-Brait SE FY/Share Of R8.27

* BRAIT SE - POST YEAR END, BRAIT HAS RECEIVED R1.7 BILLION FROM INITIAL TRANCHES OF ICELAND FOODS AND DGB DISPOSALS