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SOSAB - SABMiller Tender Offers For Voting Shares In Subsidiaries In Panama
SABMiller Plc
JSEALPHA CODE:SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Ref 23/2007
30 July 2007
SABMILLER TENDER OFFERS FOR VOTING SHARES IN SUBSIDIARIES IN PANAMA
SABMiller announces today that it is making simultaneous tender offers
("offers") for all the voting shares which it does not already own in its
Panamanian subsidiaries Cerveceria Nacional, S.A. (Cerveceria Nacional) and
Refrescos Nacionales S.A. (Refrescos Nacionales). The offer period commenced
on July 29, 2007 and will expire on September 27, 2007.
The offers are being made in cash. The offer price for each share of
Cerveceria Nacional is US$22. The offer price for each share of Refrescos
Nacionales is US$10.50. The total cash consideration payable by SABMiller if
all shareholders in both companies accept the offers will be approximately
US$30million.
The effective minority interests in Cerveceria Nacional and Refrescos
Nacionales are 8.4% and 1.9% respectively.
Ends
About SABMiller plc
SABMiller plc is one of the world`s largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The
group`s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is also
one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on
the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
High resolution images are available for the media to view and download free
of charge from www.sabmiller.com or www.newscast.co.uk
Enquiries:
SABMiller plc
Tel:+44 20 7659 0100
Sue Clark Director of Corporate Tel:+44 20 7659 0184
Affairs
Gary Leibowitz Senior Vice President, Tel:+44 20 7659 0119
Investor Relations
Nigel Fairbrass Head of Media Relations Tel:+44 7799 894265
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
"Company") or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.
This document includes "forward-looking statements". These statements may
contain the words "anticipate", "believe", "intend", "estimate", "expect" and
words of similar meaning. All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company`s financial position, business strategy, plans and
objectives of management for future operations (including development plans
and objectives relating to the Company`s products and services) are forward-
looking statements. These forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements
are based on numerous assumptions regarding the Company`s present and future
business strategies and the environment in which the Company will operate in
the future. These forward-looking statements speak only as at the date of
this announcement. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the
Company`s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based. Any
information contained in this announcement on the price at which the
Company`s securities have been bought or sold in the past, or on the yield on
such securities, should not be relied upon as a guide to future performance.
Date: 30/07/2007 11:00:03 Produced by the JSE SENS Department.
