23rd Feb 2009 12:00
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
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Enquiries: |
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SABMiller plc |
Tel: +44 20 7659 0100 |
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Sue Clark |
Director of Corporate Affairs |
Tel: +44 20 7659 0184 |
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Gary Leibowitz |
Senior Vice President, Investor Relations |
Tel: +44 20 7659 0174 |
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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.
Related Shares:
SAB.L