JSE Roundup: DOLLA Bond Allotment Finalised, WISYNCO Declares Dividend and GK Insider Share Awards

• There were notable developments on the local bond and equity markets between January 30 and February 2, featuring Dolla Financial Services Limited (DOLLA), Wisynco and Grace Kennedy Limited (GK).
• DOLLA has advised that the basis of allotment has been finalised for its public bond offering issued under a prospectus dated October 7, 2025. For Tranche I (11.00% Bonds due 2029), approximately 99.36% of applicants received full allotment, while 0.64% will receive refunds, reflecting near-full satisfaction of demand.
• In respect of Tranche II (12.00% Bonds due 2031), all applicants received full allotment, signalling balanced investor demand across tranches and a successful close to the offer.
• Meanwhile, WISYNCO announced that its Board approved a cash dividend of J$0.23 per share, payable on March 4, 2026, to shareholders on record as at February 12, 2026. The ex-dividend date is February 12, 2026, and would make the 6^th consecutive J$0.23 dividend distribution from the company, which it pays semi-annually. At its current price of $22.75 per share, the company has a dividend yield of 2.3%.
• Lastly, GK disclosed that Directors and Senior Officers acquired a combined 1,210,615 ordinary shares on January 28, 2026, pursuant to Restricted Stock Unit (RSU) grants under the Company’s 2009 Stock Option Plan – Long-Term Incentive Scheme, intended to help align management and shareholder interests.
• The RSU vesting represents only ~0.12% of the 988.88 million shares outstanding, minimising the dilution effect on control and shareholder value.
• As at the close of Monday, February 2, 2026, Wisynco, Dolla and GK closed at $22.75, $71.45 and $2.36, respectively. At these closing prices, the stocks hold P/E ratios of 19.6x, 12.4x, and 9.0x, respectively.

(Sources: JSE & NCBCM Research)