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Tue 5 Jun 2018
Close: 12800c 
Day's move: 0c (+0.00%)
Volume: 0
Trades: 0
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Distell - abridged prospectus
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Distell Group Holdings Ltd. Prospectus, the Distell Circular and the Capevin Circular distributed on Wednesday, 20 September 2017.
Distell Shareholders and Capevin Shareholders are referred to the joint finalisation announcement released on SENS on Monday, 14 May 2018, in relation to the Transaction.
Distell Shareholders and Capevin Shareholders are alerted to the release of the abridged prospectus of Distell Group Holdings Ltd. on SENS under the JSE share code DGH. The abridged prospectus is available on the Distell and Capevin websites respectively, at www.distell.co.za/investor-centre and www.capevin.com.
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Distell - finalisation announcement
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Distell Group Holdings Ltd. prospectus, the Distell circular and the Capevin circular distributed on Wednesday, 20 September 2017.
Distell shareholders and Capevin shareholders are referred to the joint SENS announcement released on Wednesday, 4 April 2018, in relation to the extension of the date for the fulfilment or waiver of the outstanding conditions precedent to the transaction.
Distell and Capevin are pleased to announce that all the conditions precedent, as detailed in the circulars and the prospectus, have been fulfilled or waived, to the extent applicable.
Distell shareholders and Capevin shareholders are advised of the following important dates in respect of the implementation of the transaction:
- Implementation of the RCI Exchange and B share issuance - Monday, 21 May 2018
- Last day to trade (in respect of Capevin) in order for Capevin shareholders to be recorded on Capevin's securities register on the Capevin record date - Tuesday, 29 May 2018
- Capevin shares expected to be suspended on the JSE trading system - Wednesday, 30 May 2018
- DGHL ordinary shares under the JSE Code: DGH and ISIN: ZAE000248811 to be issued to Capevin shareholders listed on the JSE - Wednesday, 30 May 2018
- Capevin shareholders can trade their entitlement to DGHL Ordinary shares - Wednesday, 30 May 2018
- Announcement released on SENS in respect of the cash payment applicable to fractional entitlements based on the volume weighted average price of DGHL ordinary shares traded on the JSE on Wednesday, 30 May 2018, discounted by 10% - Thursday, 31 May 2018
- Last day to trade (in respect of Distell) in order for Distell shareholders to be recorded on Distell's securities register on the Distell record date - Thursday, 31 May 2018
- Distell shares expected to be suspended on the JSE trading system - Friday, 1 June 2018
- DGHL ordinary shares under the JSE Code: DGH and ISIN: ZAE000248811 to be issued to Distell shareholders listed on the JSE - Friday, 1 June 2018
- Distell shareholders can trade their entitlement to DGHL ordinary shares - Friday, 1 June 2018
- Expected Capevin record date on which Capevin shareholders must be recorded in the Capevin securities register to participate in the Capevin scheme - Friday, 1 June 2018
- Implementation of the Capevin scheme - Monday, 4 June 2018
- Dematerialised Capevin shareholders' CSDP or Broker accounts updated to reflect their DGHL ordinary shares - Monday, 4 June 2018
- Expected termination of the listing of Capevin shares at commencement of trade on the JSE - Tuesday, 5 June 2018
- Expected Distell record date on which Distell shareholders must be recorded in Distell's securities register to participate in the Distell scheme - Tuesday, 5 June 2018
- Implementation of the Distell scheme - Wednesday, 6 June 2018
- Dematerialised Distell shareholders’ CSDP or Broker accounts updated to reflect their DGHL ordinary shares - Wednesday, 6 June 2018
- Expected termination of the listing of Distell shares at commencement of trade on the JSE - Thursday, 7 June 2018
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Distell - extension of date for fulfilment
On Monday, 29 January 2018, Distell and Capevin Holdings Ltd. ("Capevin") issued a joint announcement in relation to the extension of the date for fulfilment or waiver, as the case may be, of the outstanding Conditions Precedent to the Transaction.
The Transaction is subject, inter alia, to approvals being obtained from the relevant competition authorities in a number of jurisdictions. The process to obtain these consents from the relevant competition authorities is still ongoing and is taking longer than originally anticipated.
Accordingly, DGHL, Distell and Capevin have agreed to extend the date for fulfilment or waiver, if applicable, of all the outstanding Conditions Precedent, from Friday, 6 April 2018, to Thursday, 31 May 2018.
A detailed timetable will be released as part of the finalisation announcement once all Conditions Precedent have been fulfilled or waived, if applicable.
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