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SOUTH AFRICAN BREWERIES PLC
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES
Placing of Ordinary Shares
of South African Breweries plc (the Placing)
Exercise of Option
London and Johannesburg, 11 December 2001. South African Breweries plc (the
Company) announces that Cazenove & Co. Ltd and J.P. Morgan Securities Ltd.
(the Joint Bookrunners), on behalf of the International Placement Agents
(which includes, in addition to the Joint Bookrunners, ABN AMRO Rothschild),
have exercised the option over 8.5 million additional ordinary shares
referred to in the announcement by the Company on 7 December 2001 regarding
the details of the pricing and size of the Placing.
The gross proceeds receivable by the Company as a result of the exercise of
the option will be approximately 38 million.
Applications are being made for the additional ordinary shares to be listed
on the Official List and admitted to trading on the London Stock Exchange
and will be made for the additional ordinary shares to be listed on the JSE
Securities Exchange South Africa (the JSE).
Admission is expected to become effective, and dealings in the additional
ordinary shares are expected to commence on, the London Stock Exchange at
8.00 am on 14 December 2001.
Dealings in the additional ordinary shares are expected to commence on the
JSE on 14 December 2001.
- ENDS -
This announcement is for information purposes only and does not constitute
an offer or an invitation to acquire or dispose of any securities or
investment advice. This announcement does not constitute an offer to sell or
issue or the solicitation of an offer to buy or acquire ordinary shares in
the capital of the Company in the United States or any jurisdiction in which
such offer or solicitation is unlawful. The additional ordinary shares
referred to in this announcement may not be offered or sold within the
United States or to, or for the account or benefit of, US persons (as
defined in Regulation S under the US Securities Act of 1933) absent
registration or an exemption from registration. Any offering of securities
in the United States has been made by means of a Public Information Pack
that contains detailed information about the Company and its management, as
well as financial statements. No public offering of securities has been or
will be made in the United States.
The distribution of this announcement and the Placing and/or issue of
ordinary shares in certain jurisdictions may be restricted by law. No
action has been taken by the Company or the Managers that would permit an
offer of ordinary shares or possession or distribution of this announcement
or any other offering or publicity material relating to ordinary shares in
any jurisdiction where action for that purpose is required, other than in
the United Kingdom. Persons into whose possession this announcement comes
are required by the Company and the Managers to inform themselves about and
to observe any such restrictions.
The ordinary shares have not been approved or disapproved by the US
Securities and Exchange Commission, any state securities commission in the
United States or any other US regulatory authority, nor have any of the
foregoing authorities passed upon or endorsed the merits of the Placing or
the additional ordinary shares or the accuracy of this announcement. Any
representation to the contrary is a criminal offence in the United States.
For further information:
Nick Chaloner
Director of Communications, SAB plc +44 (0) 20 7659 0119
Mob: +44 (0) 7880 502 755
Anna Miller Salzman
Head of Investor Relations, SAB plc +44 (0) 20 7659 0106
Mob: +44 (0) 7973 837 070
Ciaran Baker
Head of Corporate Communications, SAB plc +44 (0) 20 7659 0120
Mob: +44 (0) 7979 954 493
David Mayhew, Cazenove +44 (0) 207 588 2828
Ian Hannam, JPMorgan +44 (0) 207 742 8618
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