| Mon 23 Feb 2009, 14:00 | | SAB - SABMiller PLC - Listing Application and Acquisition of Shares into |
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SAB
SOSAB
SAB - SABMiller PLC - Listing Application and Acquisition of Shares into
Treasury
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Listing Application and Acquisition of Shares into Treasury
In the notice of its 2008 Annual General Meeting, the Company notified
shareholders of its intention to acquire the 77,368,338 non-voting convertible
shares of US$0.10 each in the capital of the Company (the "Shares") held by
Safari Limited and to hold them as treasury shares. Safari Limited is a wholly
owned subsidiary of the Company. Resolutions facilitating this acquisition were
passed by shareholders at the Company`s 2008 AGM.
In order to comply with the Companies Act 2006 requirements for treasury shares,
the Company has made an application to the United Kingdom Listing Authority to
have the Shares admitted to the Official List and to the London Stock Exchange
to have them admitted to trading. The Shares will be converted into ordinary
shares prior to them being admitted. Once admitted, it is the Company`s
intention to acquire and hold them as treasury shares. The Company has also made
an application for the Shares to be admitted to trading on the Johannesburg
Stock Exchange.
The economic rights to the Shares have remained within the SABMiller Group since
they were created in 1999 and the Shares are accounted for as treasury shares in
the Company`s audited financial statements for the year ended 31 March 2008.
A further announcement will be made once the Shares are acquired.
John Davidson
General Counsel and Group Company Secretary
23 February 2009
Ends
About SABMiller plc
SABMiller plc is one of the world`s largest brewers with brewing interests and
distribution agreements across six continents. The group`s wide portfolio of
brands includes premium international beers such as Grolsch, Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading
local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is
also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2008, the group reported US$3,639 million in adjusted
pre-tax profit and revenue of US$21,410 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:
Tel: +44 20
SABMiller plc 7659 0100
Sue Clark Director of Corporate Tel: +44 20
Affairs 7659 0184
Gary Senior Vice President, Tel: +44 20
Leibowitz Investor Relations 7659 0174
Nigel Head of Media Relations Tel: +44 7799
Fairbrass 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.
Date: 23/02/2009 14:00:12 Produced by the JSE SENS Department.
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