DISTELL GROUP LIMITED - Extension of date for fulfillment of outstanding conditions precedent to the Transaction

Release Date: 29/01/2018 07:05
Code(s): DST CVH
 
Wrap Text
Extension of date for fulfillment of outstanding conditions precedent to the Transaction

 Distell Group Limited                             Capevin Holdings Limited
 (Incorporated in the Republic of South Africa)    (Incorporated in the Republic of South Africa)
 Registration Number: 1988/005808/06               Registration number: 1997/020857/06
 ISIN: ZAE000028668                                ISIN code: ZAE000167714
 Share Code: DST                                   Share code: CVH
 (“Distell”)                                       (“Capevin”)

EXTENSION OF DATE FOR FULFILLMENT OF OUTSTANDING CONDITIONS PRECEDENT TO
THE TRANSACTION

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the Distell Group Holdings Limited Prospectus distributed on
Wednesday, 20 September 2017.

On Friday, 27 October 2017 Distell and Capevin issued announcements in relation to the results of the
Distell Scheme Meeting and Capevin Scheme Meeting and referring to the remaining salient dates and
times of 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 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 Monday, 29 January 2018 to Friday,
6 April 2018.

A detailed timetable will be released as part of the finalisation announcement once all Conditions
Precedent have been fulfilled or waived, if applicable.

By order of the Distell Board and Capevin Board

Stellenbosch
29 January 2018

Financial Adviser, Merchant Bank, and Transaction Sponsor to Distell and DGHL
Transaction Originator and Coordinator
Rand Merchant Bank, a division of FirstRand Bank Limited

Legal Adviser to DGHL
Edward Nathan Sonnenbergs Inc.

Legal Adviser to Distell
Cliffe Dekker Hofmeyr Inc.

Independent expert to the Distell Independent Board
Ernst & Young

Financial Adviser and Transaction Sponsor to Capevin
PSG Capital Proprietary Limited

Legal Adviser to Capevin
Cliffe Dekker Hofmeyr Inc.
Independent expert to the Capevin Independent Board
BDO Corporate Finance Proprietary Limited

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