The pending collapse of the Distell control structure should help the drinks company to enjoy the sort of rating analysts and shareholders say has eluded it in recent years. "Collapsing the structure will be highly beneficial as it allows them to use their paper for acquisitions," said Chris Logan of Opportune Investments. The recently released shareholder circular tags the listing of the restructured Distell Group for February 8 2018, assuming shareholders support the proposal at October’s meeting. Remgro will dominate the new shareholder structure with 56% voting rights (its economic interest will be a slimmer 31.4%), the Public Investment Corporation (PIC) will have 20.1% voting rights (and 31.4% economic rights), CapeVin minority shareholders will have 11.6% voting rights (and 18.1% economic ones) and the general public will have 12.3% voting rights and 19.2% economic ones. Logan believes lack of scale has hampered the group’s growth and rating. As the consolidation in the beer ...
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