Group 1 - Brimstone Investment is selling approximately 11.95 million shares of Oceana Group, representing 9.2% of its stake, at R53 per share for a total of R633.4 million ($37.4 million) [1] - Following the sale, Brimstone's ownership in Oceana will decrease from 25.2% to 16% [1] - The transaction is expected to close before Brimstone's financial year-end in December [4] Group 2 - Oceana Group's principal market consists of lower-end consumers who prefer canned fish and horse mackerel, with the company being well-known for its Lucky Star canned pilchards brand [4] - For the year ending September 30, 2025, Oceana Group's revenue decreased by 0.7% to R10 billion [4] - The decline in revenue was attributed to lower US dollar fish oil prices, despite increased sales volumes and firm pricing for wild-caught seafood [5] Group 3 - Oceana Group's gross profit margin fell to 27.8%, primarily due to lower margins in fishmeal and fish oil categories [5] - Profit after tax dropped by 35% to R724 million, influenced by weaker performance in fishmeal and fish oil segments, increased net interest expenses, and a higher effective tax rate [5] - Operating profit declined by 23.2% year-on-year to R1.25 billion, while net debt rose marginally to R2.6 billion [6]