|The Board of Directors of Distell ("the Board") announced that Mr PE Beyers will retire as Independent Non-Executive Director with effect from 30 June 2019.|
|At the first (1st) annual general meeting (?AGM?) of the shareholders of the newly listed company, Distell Group Holdings Ltd. held today, 24 October 2018, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.|
|Shareholders are hereby notified that the Company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013 is available on the Company?s website, www.distell.co.za/corporate-responsibility.|
|With regard to the audited results for the year ended 30 June 2018, shareholders are advised that the annual financial statements will be distributed to shareholders today, 19 September 2018 and contain no modifications to the audited results which were published on SENS on 24 August 2018. We confirm, that there have been no changes to the unqualified auditor?s report which was referenced in the audited results and made available to shareholders at the Company?s registered office on the same date as the release of the audited results. |
Notice of the annual general meeting
Notice is hereby given that the 1st annual general meeting of Distell shareholders will be held on Wednesday, 24 October 2018 at 11:00 at Nederburg Wines, Sonstraal Road, Daljosafat, Paarl, Western Cape to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
The notice of the Company?s annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on Friday, 07 September 2018 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.
In terms of section 59(1)(b) of the Companies Act, the record date for purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting, is Friday, 19 October 2018. Accordingly, the last day to trade in order to be registered in the register of members of the Company and therefore be eligible to participate in and vote at the annual general meeting is Tuesday, 16 October 2018. Proxy forms must be lodged by no later than 11:00 on Monday, 22 October 2018. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting at any time before the appointed proxy exercises any shareholder rights at the annual general meeting.
Integrated Report Shareholders are advised that the Company?s integrated report, the notice and proxy of the annual general meeting and the annual financial statements for the year ended 30 June 2018 has been published on the Investor Relations section of the Company?s website www.distell.co.za/investor-centre today.
|The board of Directors of Distell (?the board?) announced that Mr MJ Bowman has resigned as a non-executive director of the board, effective 26 July 2018.|
Mr Bowman was appointed to the board in 2017 but is now obliged to resign given a potential conflict of interest due to a personal investment in a Cape based drinks operation.
|DGHL was incorporated in South Africa under the name Business Venture Investments No 1997 Pty Ltd. on 9 September 2016. DGHL has been a shelf company, not conducting any business, from the date of its incorporation until implementation of the transaction. DGHL became a public company on 30 June 2017. The name change of "Business Venture Investments No 1997 Ltd." to "Distell Group Holdings Ltd." was effected on Monday, 14 May 2018. |
Upon implementation of the transaction, DGHL?s only assets will be 100% of the Capevin Shares and 47.2% of the Distell Shares. Capevin?s sole asset will, in turn, be 100% of the shares in RCI; and RCI?s sole asset will be 52.8% of the Distell Shares. Both Capevin and RCI have, historically, served solely as vehicles for the holding of Distell Shares. DGHL will serve primarily as an investment holding company, holding shares in Distell (directly and indirectly via Capevin and RCI)