Caban Shareholders newsletter and announcement: November 2014

Caban Shareholders newsletter and announcement: November 2014

Announcement-Clipart2014 had been a busy year for the Caban team. This newsletter provides you with an update and outlines the immediate future.

Caban Investments UK Limited

After three successful trips to the UK, together with the operational input of Joint CEO Ben Botes who is based in London, we can report that the following companies have been incorporated in the UK and are fully functional:Watch Full Movie Online Streaming Online and Download

  • TBL Capital Limited. We have our first corporate finance client and will soon be signing off a second;
  • Exceed TBL Accountants Limited.  We are in partnership with Exceed UK Chartered Accountants. This gives the company access to three Chartered Accountants;
  • Edgetech IT Limited. An IT company based in London. Visit www.edgetec.uk.com;
  • UK Business Planning. A company that produces business plans.

These  companies have started generating income. We are in the process of negotiating a further addition. Please visit our Caban Capital site at www.cabancapital.co.uk, in particular the portfolio page.

Group CFO

We recently had a candidate Group CFO, visit the company in South Africa. We believe we have found the right person to take this very important position. He will be based in London and we will be posting details on our website in due course.

Listing of Caban Capital PLC

Exceed Accountants UK will be communicating directly to all shareholders and confirm that they have been registered as shareholders at the Companies House in the UK.

Under the advice of our nominated advisors, Strand Hanson, we have pushed the listing of the company to July next year. Strand Hanson’s explanation is available for download here. If you would like to contact the Managing Director of Strand Hanson (Africa), Warren Pearce you can email him atWarrenPearce@strandhanson.co.uk.

We had a choice to proceed, but the board felt it would be prudent to follow the advice of the third biggest Nomad in London.

Formation of UREG Investments Limited

Caban is in the process of establishing a company that will focus on renewable and green projects. This company is being established off balance sheet. It will be vended into Caban Investments Limited during December. It has already negotiated acquisitions that will bring over R5 million net profit to the group in the first year. There is also a new bio space company involved and various green technologies.

Full announcement of this exciting subsidiary of the company will be announced in December. The website will be going live on the 15th of December.

Community Investment Companies (CIC)

Our initiatives in Khayelitsha and Atlantis are progressing well. We have started this new concept which has been well received by the investment community.

Closing 

We are very proud of what we have achieved this year. Please feel free to contact me on dave@caban.co.za.

 

Dave Romero

Group CEO

On behalf of the Board

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