Further cautionary announcement
Distell Group Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 2016/394974/06
Share Code: DGH
(“Distell” or “the Company”)
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on 18 May 2021 and the further
cautionary announcements released on SENS on 29 June 2021 and 11 August 2021, relating to the approach by
Heineken N.V. (“Heineken”) regarding the potential acquisition of the majority of Distell’s business (“Potential
The discussions between Heineken and Distell are progressing, but several aspects still need to be considered
and ultimately agreed. The Potential Transaction, should it proceed, will be subject to several conditions, one of
which relates to Distell not making any distributions, including a dividend declaration, to its shareholders in respect
of the financial year ended 30 June 2021. In light of this, the board has taken a decision not to declare a dividend
for the financial year ended 30 June 2021.
Shareholders should take note there is no certainty that all the remaining aspects will be successfully resolved and
agreed. In the event that discussions regarding the Potential Transaction are terminated, the board intends to
declare a dividend in respect of the financial year ended 30 June 2021.
Distell believes that it will be in a position to provide more detailed information to shareholders on the Potential
Transaction before the end of Q3 2021.
2. Further Cautionary
Shareholders are advised to continue to exercise caution when dealing in their Distell securities until a further
announcement is made, as the outcome of the discussions referred to in this cautionary may influence the price of
the Distell securities.
26 August 2021
Transaction Advisor, Sponsor and Corporate Broker to Distell
Rand Merchant Bank (a division of FirstRand Bank Limited)
Legal Advisor to Distell
Date: 26-08-2021 07:05:00
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