June 22, 2017 / 2:05 PM / a month ago

BRIEF-Distell announces proposed restructuring of multi-tiered ownership structure

1 Min Read

June 22 (Reuters) - Distell Group Ltd:

* Proposed restructuring of Distell's multi-tiered ownership structure

* Proposed transaction will dismantle multi-tiered ownership structure above Distell

* Leave Distell shareholders with exactly same economic interest in New Distell

* Proposed restructuring increase free float in New Distell on stock exchange operated by Jse Limited

* Proposed transaction will result in control of New Distell vesting in Remgro Limited through issuance of Unlisted Voting B shares in New Distell to Remgro

* Says Remgro is also supportive of proposed transaction, but will not be entitled to vote on proposed transaction Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below