| Thu 24 Feb 2011, 16:00 | | SAB - SABMiller - SABMiller announces the completion of its hotels and gaming |
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SAB
SOSAB
SAB - SABMiller - SABMiller announces the completion of its hotels and gaming
merger in South Africa
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
24 February 2011
SABMiller announces the completion of its hotels and gaming merger in South
Africa
Following SABMiller`s announcement on 18 February 2011, that the merger of
Tsogo Sun, its South African hotels and gaming associate, with Gold Reef
Resorts Limited, had become unconditional, SABMiller confirms that the
transaction completed today, and that SABMiller has exchanged its 49%
interest in Tsogo Sun for a 39.7% interest in the enlarged Gold Reef/Tsogo
Sun business, which is currently listed on the JSE under the name of Gold
Reef Resorts Limited. The intention is to change the name to Tsogo Sun
Holding Limited as soon as practicably possible.
ENDS
Notes to editors:
About SABMiller plc
SABMiller 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 Pilsner Urquell, Peroni
Nastro Azzurro, Miller Genuine Draft, and Grolsch, as well as market-leading
local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller
is also one of the world`s largest bottlers of Coca-Cola products.
In the year ended 31 March 2010 the group reported US$3,803 million in adjusted
pre-tax profit and group revenue of US$26,350 million. SABMiller is listed on
the London and Johannesburg stock exchanges.
About Gold Reef/Tsogo Sun
Gold Reef/Tsogo Sun is South Africa`s leading hotel, gaming and entertainment
company, and is listed on the JSE with a market capitalisation as at the date
of this announcement of approximately ZAR 19.6 billion (US$ 2.8 billion).
Gold Reef/Tsogo Sun`s gaming operations consist of 14 casinos represented in
6 of South Africa`s provinces.
Gold Reef/Tsogo Sun`s hotels division, the Southern Sun Hotel group, is the
largest hotel group in South Africa, with approximately 90 hotels and 14 438
rooms at the end of 2010.
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 the News and Media section of www.sabmiller.com or
www.newscast.co.uk
Contact
SABMiller plc Tel: +44 20 7659 0100
Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184
Gary Leibowitz Senior Vice President, Investor Tel: +44 20 7659 0174
Relations
Nigel Head of Media Relations Tel: +44 7799 894265
Fairbrass
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 announcement 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: 24/02/2011 16:00:01 Produced by the JSE SENS Department.
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