CAPEVIN HOLDINGS LIMITED - Disclosure Of Acquisition And Disposal Of Securities In Terms Of Section 122 Of The Companies Act
CVH 201302150040A
Disclosure Of Acquisition And Disposal Of Securities In Terms Of Section 122 Of The Companies Act
CAPEVIN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1997/020857/06)
JSE share code: CVH
ISIN: ZAE000167714
(“Capevin” or “the Company”)
DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES IN TERMS
OF SECTION 122 OF THE COMPANIES ACT
In accordance with section 122 (3)(b) of the Companies Act,
No. 71 of 2008 and in accordance with paragraph 3.83(b) of the
Listings Requirements of the JSE Limited, shareholders are
hereby advised that Capevin has received notification of the
following transactions:
(a) Zeder Investments Limited, through its wholly owned
subsidiary Zeder Financial Services Limited (“Zeder”),
has disposed of a beneficial interest in the
securities of the Company to the parties referred to
in paragraph (b) and (c) below, such that the total
interest in the securities of the Company held by
Zeder now amounts to approximately 5.28% of the total
issued share capital of the Company.
Zeder is an investment holding company that mainly
invests in beverage and agricultural companies, where
Zeder can directly or indirectly add value. Zeder
advised the market that given the aforegoing and that
it cannot add meaningful value at a Distell level,
Zeder has decided to dispose of part of its investment
and utilise the proceeds in existing and/or new
companies where Zeder can play a more meaningful role;
(b) the clients of Allan Gray (“Allan Gray”) have in
aggregate acquired a beneficial interest in the
securities of the Company, such that the total
interest in the securities of the Company held by
Allan Gray’s clients now amounts to approximately
16.01% of the total issued share capital of the
Company; and
(c) Coronation Fund Managers (“Coronation”) has acquired a
beneficial interest in the securities of the Company,
such that the total interest in the securities of the
Company held by Coronation on a similar basis now
amounts to approximately 17.57% of the total issued
share capital of the Company.
The Company has been advised that both Allan Gray and
Coronation hold the securities as the investment managers on
behalf of various clients and/or portfolios.
Stellenbosch
15 February 2013
Sponsor: PSG Capital
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