Lorica Elferink

Director

Emaillorica.elferink@dlapiper.com

Call+27 82 708 0402

Johannesburg

About

Areas of FocusCorporate Consumer Goods, Food and Retail Financial Services Insurance

EXPERIENCE

Advised on Sanlam Life’s ZAR3.2 billion subscription for shares in ARC Investments.
Advised FirstRand Bank and First National Bank Zambia on the acquisition of Standard Chartered Bank Zambia's wealth and retail business for a consideration amount equal to the value of the assets acquired, settled by the assumption of liabilities, plus a goodwill asset of USD46.9 million.
Advised the Ackerman family on the disposal, by their wholly owned subsidiary Ackerman Investment Holdings, of 64,038,857 ordinary shares held in Pick n Pay Stores.
Advised Tanga Cement, an industrials client listed on the Dar es Salaam Stock Exchange, and its majority shareholder, in relation to a capital raise by way of underwritten rights issue undertaken by the listed company, in terms of which shareholders of the listed company were invited to subscribe for new ordinary shares for an issue price of TSZ1,600 per share, with the underwriter obliged to take up any shares not subscribed for. The rights issue is anticipated to raise TZS204 billion.
Advised Remgro, listed on the JSE, and its subsidiaries on a share subscription and share exchange agreement concluded with eMedia, listed on the JSE, and the subsequent unbundling and distribution in specie by Remgro of the eMedia shares to Remgro's shareholders.
Advised Sanlam on the conclusion of a distribution and profit-sharing agreement with Tyme Bank, in terms of which the parties will cooperate with one another to offer co-branded banking and related products and services to Sanlam customers and the broader public in South Africa.
Advised one of the bidders for the acquisition of the South African subsidiary of Shell plc.
Advised the shareholder of a manufacturer of intermodal ISO tank, bulk liquid shipping and transport containers on the disposal of its shares and loan claims, by way of a restructuring of the loan.
Advised a majority shareholder with a controlling stake in a JSE listed company in relation to a rights issue undertaken by the listed company and subsequent spin-out and listing of a major subsidiary of the listed company.

Languages

Education

University of South Africa (UNISA), Certificate in Advanced Company and Securities Law, 2010

Cambridge University (Hughes Hall), Cambridge, LLM 2003

Stellenbosch University, Stellenbosch, BA: English and German, 1994 -1996; LLB, 1997 - 1999

Memberships and Affiliations

Legal Practice Council