Overview

On 13 August 2012 a scheme of arrangement (“Scheme”) was implemented in terms of which Capevin Holdings acquired all the ordinary shares in Capevin Investments not already held by Capevin Holdings, being 20 580 000 shares. Following the implementation of the Scheme, Capevin Investments is a wholly owned subsidiary of Capevin Holdings. Capevin Investments shareholders received the scheme consideration of 21 Capevin Holdings shares for each Scheme share disposed of. Capevin Investments was delisted following the listing of Capevin Holdings on the JSE on 3 August 2012.