Caxton & CTP takes 8.0% of Transpaco as chairman Derek Thomas sells entire 5.79% stake
South African media and printing group Caxton & CTP Publishers & Printers has acquired a beneficial interest of 8.007% in Johannesburg-listed packaging maker Transpaco, more than 2.22 million shares worth USD 6.23m (ZAR 102.53m), Transpaco disclosed on 3 November 2026. On 2 November, non-executive chairman Derek Thomas, chairman for more than 11 years, sold 1,611,787 shares, about 5.79%, at USD 2.79 (ZAR 46) each for USD 4.50m (ZAR 74.14m), and Letsema Strategy Services, which is linked to him, now holds no shares. The announcement does not say whether Caxton bought the shares Letsema sold.
Why this mattersA media and printing group becoming a significant shareholder as the long-serving chairman sells out changes the shareholder register of a listed South African packaging maker.
- Caxton & CTP acquired a beneficial interest of 8.007% of Transpaco's issued shares, more than 2.22 million shares worth USD 6.23m (ZAR 102.53m)
- Non-executive chairman Derek Thomas sold 1,611,787 shares (about 5.79%) at USD 2.79 (ZAR 46) each on 2 November 2026, for USD 4.50m (ZAR 74.14m)
- Letsema Strategy Services, linked to Thomas, disposed of its entire Transpaco shareholding
- Thomas has been Transpaco's non-executive chairman for more than 11 years
- The disclosures were made under Section 122 of South Africa's Companies Act and JSE Listings Requirements, with notices filed to the Takeover Regulation Panel