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OCEANA GROUP LIMITED - Announcement Relating To The Acquisition By Brimstone Investment Corporation Limited (Brimstone) Of Oceana Shares

Release Date: 28/06/2019 10:00
Code(s): OCE     PDF:  
 
Wrap Text
Announcement Relating To The Acquisition By Brimstone Investment Corporation Limited (“Brimstone”) Of Oceana Shares

OCEANA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1939/001730/06)
JSE share code: OCE
NSX share code: OCG
ISIN: ZAE000025284
(“Oceana”)


ANNOUNCEMENT RELATING TO THE ACQUISITION BY BRIMSTONE INVESTMENT
CORPORATION LIMITED (“BRIMSTONE”) OF OCEANA SHARES

Shareholders of Oceana (“Shareholders”) are referred to the announcement released by Brimstone on
26 June 2019 (“Brimstone Announcement”) relating to the acquisition by Brimstone of an additional
8 000 000 Oceana ordinary shares (“Oceana Shares”) from Tiger Brands Limited (“Tiger Brands”).

As set out in the Brimstone Announcement, Newshelf 1064 RF Proprietary Limited (“Newshelf 1064”), a
wholly owned subsidiary of Brimstone, has entered into a conditional but binding agreement to acquire a
further 1 500 000 Oceana Shares from Tiger Consumer Brands Limited , a wholly owned subsidiary of
Tiger Brands (the “Transaction”).

The Transaction represents approximately 1.11% of the total Oceana Shares currently in issue and
will increase Brimstone’s shareholding in Oceana from 22.88% to 23.99%.


28 June 2019
Cape Town


Sponsor - South Africa: The Standard Bank of South Africa Limited

Sponsor - Namibia: Old Mutual Investment Services (Namibia) Proprietary Limited

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