Launch of partial tender offer

RNS Number : 9049O
Diageo PLC
06 February 2023
 

 

Launch of partial tender offer for shares in East African Breweries PLC

 

6 February 2023, London - Today, following the announcement made on 14 October 2022, Diageo, through its wholly-owned indirect subsidiary, Diageo Kenya Limited ("Diageo Kenya"), announces that it has launched a partial tender offer to increase its aggregate equity stake in East African Breweries PLC ("EABL") from its current 50.03% to a maximum of 65%.

The tender offer price is Kenyan Shillings 192.00 per ordinary share and the maximum number of shares subject to the tender offer is 118,394,897. The tender offer period will run from 6 February 2023 to 17 March 2023. Further details are set out in the tender offer documents, which are available to shareholders of EABL on http://www.diageokenya-eabloffer.com.

For further information please contact:

 

Investor relations :

Durga Doraisamy  +44 (0) 7902 126 906

Andy Ryan  +44 (0) 7803 854 842

                                                                                              investor.relations@diageo.com

Media relations :

Clare Cavana                                                                      +44 (0) 7751 742 072

Isabel Batchelor                                                                +44 (0) 7731 988 857

                                                                                             press@diageo.com  

About EABL

EABL is a regional leader in beverage alcohol with an exceptional collection of brands across beer and spirits. Although the business is concentrated on three core markets of Kenya, Uganda and Tanzania, its products are sold in more than 10 countries across Africa and beyond. These include among others Tusker, Guinness, Bell Lager, Serengeti Lager, Kenya Cane, Chrome Vodka, Johnnie Walker, Captain Morgan and Smirnoff. EABL's ambition is to be one of the best performing, most trusted and respected consumer products companies in Africa.

 

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, JεB and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company whose products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com . Visit Diageo's global responsible drinking resource, www.DRINKiQ.com , for information, initiatives and ways to share best practice.

Celebrating life, every day, everywhere.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTJMBTMTJMBMJ

Companies

Diageo (DGE)
UK 100

Latest directors dealings