30th Jul 2007 10:00
SABMiller PLC30 July 2007 Ref 23/2007 30 July 2007 SABMILLER TENDER OFFERS FOR VOTING SHARES IN SUBSIDIARIES IN PANAMA SABMiller announces today that it is making simultaneous tender offers("offers") for all the voting shares which it does not already own in itsPanamanian subsidiaries Cerveceria Nacional, S.A. (Cerveceria Nacional) andRefrescos Nacionales S.A. (Refrescos Nacionales). The offer period commenced onJuly 29, 2007 and will expire on September 27, 2007. The offers are being made in cash. The offer price for each share of CerveceriaNacional is US$22. The offer price for each share of Refrescos Nacionales isUS$10.50. The total cash consideration payable by SABMiller if all shareholdersin both companies accept the offers will be approximately US$30million. The effective minority interests in Cerveceria Nacional and Refrescos Nacionalesare 8.4% and 1.9% respectively. Ends About SABMiller plc SABMiller plc is one of the world's largest brewers with brewing interests ordistribution agreements in over 60 countries across six continents. The group'sbrands include premium international beers such as Miller Genuine Draft, PeroniNastro Azzurro and Pilsner Urquell, as well as an exceptional range of marketleading local brands. Outside the USA, SABMiller plc is also one of the largestbottlers of Coca-Cola products in the world. In the year ended 31 March 2007, the group reported US$3,154 million adjustedpre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on theLondon 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 ofcharge from www.sabmiller.com or www.newscast.co.uk Enquiries: SABMiller plc Tel: +44 20 7659 0100 Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184 Gary Leibowitz Senior Vice President, Tel: +44 20 7659 0119 Investor Relations Nigel Fairbrass Head of Media Relations Tel: +44 7799 894265 This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or acquire securities of SABMiller plc (the"Company") or any of its affiliates in any jurisdiction or an inducement toenter into investment activity. This document includes "forward-looking statements". These statements maycontain the words "anticipate", "believe", "intend", "estimate", "expect" andwords of similar meaning. All statements other than statements of historicalfacts included in this announcement, including, without limitation, thoseregarding the Company's financial position, business strategy, plans andobjectives of management for future operations (including development plans andobjectives relating to the Company's products and services) are forward-lookingstatements. 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 fromfuture results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements are based onnumerous assumptions regarding the Company's present and future businessstrategies 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 anyupdates or revisions to any forward-looking statements contained in thisannouncement to reflect any change in the Company's expectations with regardthereto or any change in events, conditions or circumstances on which any suchstatement is based. Any information contained in this announcement on the priceat which the Company's securities have been bought or sold in the past, or onthe yield on such securities, should not be relied upon as a guide to futureperformance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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