Distell / Capevin - Extension of date for fulfilment 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
EXTENSION OF DATE FOR FULFILMENT OF OUTSTANDING CONDITIONS PRECEDENT TO THE
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 Monday, 29 January 2018, Distell and 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
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
Wednesday, 04 April 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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