BIGGER BRIMSTONE STAKE IN OCEANA
Brimstone has increased its stake in South African fishing company, Oceana, from 9.73% to 16.86%. The deal finalised in late December 2011 is valued at R382.5 million for an additional 8.5 million ordinary shares in Oceana at R45 per share. This includes a dividend of R1.83 payable to Oceana shareholders on 16 January 2012. Oceana has welcomed the increased investment saying the transaction will further increase Oceana’s BBBEE ownership credentials. Brimstone has been on board as a shareholder since November 1995.