CDH advised Clientèle Limited on its proposed delisting from the JSE

CDH advised Clientèle Limited on its proposed delisting from the JSE, involving a concurrent offer to shareholders to repurchase shares and a specific share issuance to management. Additionally, CDH advised on an independent specific issue for black economic empowerment purposes.

8 May 2026 1 min read Featured work

CDH's Corporate & Commercial and Tax & Exchange Control teams advised Clientèle Limited on its proposed delisting from the JSE, involving a conditional offer to shareholders to repurchase their shares, together with a specific issue of shares to members of management.

The proposed structure provides shareholders with an opportunity to exit at a defined premium, while enabling those who remain invested to continue as shareholders in an unlisted environment with periodic liquidity mechanisms.

The proposed delisting will allow management to focus their efforts on Clientèle's strategic growth objectives, including long-term shareholder value.

CDH has also advised on the simultaneous (but independent) specific issue of shares to Acacia Empowerment Investments Proprietary Limited, a black economic empowerment transaction.