| Wed 12 Oct 2005, 10:00 | | SABMiller plc - Completion of major transaction in |
|
SABMiller plc - Completion of major transaction in South America
SABMiller plc
JSEALPHA CODE : SAB
ISSUER CODE SOSAB
ISIN CODE GB0004835483
Completion of major transaction in South America
12 October 2005
London and Johannesburg, 12 October 2005. SABMiller plc ("SABMiller") today
announces the completion of the merger through which it has obtained a
controlling interest in Bavaria S.A., the second largest brewer in South
America.
The 225 million ordinary shares in SABMiller plc issued to the Santo Domingo
Group in consideration for the merger and the 167,411,024 ordinary shares
arising on the conversion of the remaining convertible low voting participating
shares held by Altria Group, Inc. have today been admitted to the Official List
of the Financial Services Authority and to trading on the London Stock
Exchange"s market for listed securities, and have been admitted to listing on
the JSE Limited.
Graham Mackay, Chief Executive of SABMiller, said today:
"We are delighted that Bavaria is now part of the SABMiller group. This
transaction reaffirms SABMiller"s superior growth profile within the brewing
industry and we look forward to working with our new partners and colleagues."
- ends -
Enquiries:
SABMiller plc
Tel: +44 20 7659 0100
Sue Clark
Director of Corporate Affairs
Tel: +44 20 7659 0184
Gary Leibowitz
Vice President, Investor Relations
Tel: +4 20 7659 0174
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: 12/10/2005 10:00:21 AM Produced by the JSE SENS Department
