To view the PDF file, sign up for a MySharenet subscription.

SABMILLER PLC - Update on UK Scheme

Release Date: 22/08/2016 16:45
Code(s): SAB     PDF:  
Wrap Text
Update on UK Scheme

SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483


22 August 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Update on UK Scheme

Further to SABMiller’s announcement on 1 August 2016, the UK Scheme directions hearing
seeking an order to convene the UK Scheme Court Meeting commenced today. The UK Scheme
directions hearing will continue at 10.30am tomorrow, 23 August 2016. SABMiller will provide a
further update in respect of the hearing in due course.

Terms used but not defined in this announcement have the meaning given in the joint
announcement of AB InBev and SABMiller on 11 November 2015.

ENDS

Notes to editors

SABMiller is in the beer and soft drinks business, bringing refreshment and sociability to millions of
people all over the world who enjoy our drinks. The company does business in a way that
improves livelihoods and helps build communities.

SABMiller is passionate about brewing and has a long tradition of craftsmanship, making superb
beer from high quality natural ingredients. Our local beer experts brew more than 200 beers from
which a range of special regional and global brands have been carefully selected and nurtured.

SABMiller is a FTSE-10 company, with shares trading on the London Stock Exchange, and a
secondary listing on the Johannesburg Stock Exchange. At 31 March 2016, the group employed
around 70,000 people in more than 80 countries, from Australia to Zambia, Colombia to the Czech
Republic, and South Africa to the USA. Every minute of every day, more than 140,000 bottles of
SABMiller beer are sold around the world.

In the year ended 31 March 2016, SABMiller sold 331 million hectolitres of lager, soft drinks and
other alcoholic beverages, generating group net producer revenue of US$24,149 million and
EBITA of US$5,810 million.

Enquiries

SABMiller plc

t: +44 20 7659 0100

Christina Mills

Director, Group Communications and Reputation

SABMiller plc

T +44 20 7659 0105


A32428912/0.5/19 Aug 2016
                                                  1
Richard Farnsworth

Group Media Relations

SABMiller plc

T +44 7734 776 317

Gary Leibowitz

Director, Investor Engagement

SABMiller plc

T +44 20 7659 0119

Disclosure requirements of the Takeover Code (the “Code”)

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of
relevant securities of an offeree company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities exchange offeror is
first identified. An Opening Position Disclosure must contain details of the person’s interests and
short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person
to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th
business day following the commencement of the offer period and, if appropriate, by no later than
3.30 pm (London time) on the 10th business day following the announcement in which any
securities exchange offeror is first identified. Relevant persons who deal in the relevant securities
3 of the offeree company or of a securities exchange offeror prior to the deadline for making an
Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any
class of relevant securities of the offeree company or of any securities exchange offeror must
make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or
of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person’s interests and short positions in, and rights to subscribe for, any
relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror, save
to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure
by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on
the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or
informal, to acquire or control an interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and
Dealing Disclosures must also be made by the offeree company, by any offeror and by any
persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening
Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table
on the Takeover Panel’s website at http://www.thetakeoverpanel.org.uk, including details of the
number of relevant securities in issue, when the offer period commenced and when any offeror
was first identified. If you are in any doubt as to whether you are required to make an Opening


A32428912/0.5/19 Aug 2016
                                                  2
Position Disclosure or a Dealing Disclosure, you should contact the Panel’s Market Surveillance
Unit on +44 (0)20 7638 0129.

Publication on Website

A copy of this announcement will be made available on www.sabmiller.com by no later than 12
noon (London time) on 2 August 2016.

You may request a hard copy of this announcement by contacting SABMiller’s company secretary
on +44 (0) 1483 264000. You may also request that all future documents, announcements and
information to be sent to you in relation to the offer should be in hard copy form.



Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd




A32428912/0.5/19 Aug 2016
                                                3

Date: 22/08/2016 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story