SAB - SABMiller Plc - Broad-Based Black Economic Empowerment transaction in
SAB
SOSAB
SAB - SABMiller Plc - Broad-Based Black Economic Empowerment transaction in
South Africa
SABMiller Plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
4 February 2010
SABMiller plc
Broad-Based Black Economic Empowerment transaction in South Africa
SABMiller plc is pleased to announce that the High Court of Justice in England
and Wales yesterday sanctioned the Scheme of Arrangement to give effect to the
group`s proposed broad-based black economic empowerment transaction in South
Africa.
Under the transaction, which was overwhelmingly approved by shareholders at a
General Meeting in January, new shares in the Company`s South African
subsidiary, The South African Breweries Limited ("SAB"), will be allocated to
three participant groups (SAB employees, qualifying black-owned beer and soft
drink retailers, and a new SAB Foundation for the benefit of the broad South
African community) thereby increasing black participation in SAB and providing
long-term economic benefits to a broad range of black South Africans.
It is expected that the SAB Zenzele offer to retailers will open later this
month and final allocations of shares in respect of all three participant groups
will be determined in May.
Full details of the transaction structure can be found in the circular issued to
shareholders in December 2009, which is also available at www.sabmiller.com.
Further details of the transaction can also be found on SAB`s website
(www.sablimited.co.za).
John Davidson
General Counsel and Group Company Secretary
Date: 04/02/2010 09:30:02 Produced by the JSE SENS Department.
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