Lorica Elferink

• Advising Distell Group Holdings Limited, a company listed on the JSE, in relation to the acquisition by Heineken International BV of all the shares in Distell and simultaneous spin-out to Distell’s shareholders of Distell’s whiskey business, through a scheme of arrangement in a transaction valued at ZAR40.1 bn, which included successfully defending a challenge to the scheme launched by a shareholder in terms of section 115(3) of the South African Companies Act in the High Court of South Africa and addressing appraisal rights purportedly exercised by dissenting shareholders.*
• Advising Sanlam Limited with regard to its partial offer for shares in AfroCentric Investment Corporation Limited (both listed on the JSE) and simultaneous asset-for-shares transaction, valued at ZAR3.629 bn.*
• Advising Remgro Limited with regard to the distribution in specie by it to its shareholders of all the shares it held in Grindrod Limited (both listed on the JSE).*
• Advising on various schemes of arrangement implemented by companies listed on the JSE or AltX, including Mettle Investments Limited (ZAR69 m), African Oxygen Limited (ZAR4 bn) and Distell Group Limited (the collapse of Distell's multi-tiered ownership structure, which included responding to a complaint to the Takeover Regulations Panel by an activist shareholder).*

*Denotes experience from a previous employ.