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Anglo American PLC (AAL)

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Monday 27 September, 1999

Anglo American PLC

Disposal of Interest, etc.

ANGLO AMERICAN PLC
27 September 1999


* Proposed unbundling by Beverage and Consumer Industry Holdings Limited
('Bevcon') of its entire shareholding in South African Breweries plc ('SAB').

* Proposed sale of 10% of the issued share capital of SAB by Bevcon's three
largest shareholders, Liberty Life Association of Africa Ltd ('Liberty
Life'), Johnnies Industrial Corporation Limited ('Johnnic') and Anglo
American Corporation of South African Ltd ('AAC', a member of the Anglo
American plc Group) - 'the Disposal'.



A FURTHER IMPORTANT STEP IN REFOCUSING


The sale of 14 393 208 SAB shares by Anglo American Corporation of South
African Ltd ('AAC'), following the unbundling of Bevcon, represents a further
important step towards the disposal of non-core assets by AAC.

Bevcon has announced an unbundling of its entire shareholding in SAB, subject
to shareholder and regulatory approvals.  The unbundling will distribute
26.6% of SAB to Bevcon shareholders and thereby unlock value for Bevcon
shareholders.  As a result of the unbundling, AAC's entitlement will be 31
934 213 SAB shares.

On implementation of the unbundling, SAB will, subject to SAB shareholder
approval, procure the acquisition from Liberty Life, Johnnic and AAC of 77
368 338 SAB shares, in terms of the Disposal (mentioned above).

AAC's pro rata share of SAB shares sold in terms of the Disposal is 14 393
208, the sale of which is a further important step towards the disposal of
non-core assets by AAC.  The sale price of the SAB shares in terms of the
Disposal is an initial R44.05 per share realising R634 million for AAC.
Subsequent utilisation of these shares by SAB within 18 months at a price
higher that R44.05 per share will result in further payment equal to 50% of
the difference between R44.05 and the average price at which those shares are
utilised, provided that the total consideration received by AAC will not
exceed R50 per SAB share. To the extent that the shares are not utilised
after a period of 18 months, a further payment will be made in respect of
those shares held, calculated as an amount equal to 50% of the difference
between R44.05 and the 30-day weighted average price for the end of the
period, again subject to a total price of R50 per share.

Following the Disposal, AAC will continue to hold 17 541 004 SAB shares, or
2.3% of SAB.  Together with Liberty Life and Johnnic, AAC has agreed that any
further disposals of SAB shares prior to 30 September 2000 will be done in
such a manner as is necessary to maintain an orderly market in SAB shares.

In commenting on these proposals, Mike King, Deputy Chairman of Anglo
American plc said: 'There is no current intention to sell further SAB shares
at current market prices.  We believe that the disposal and orderly marketing
arrangements are in the best interests of all SAB shareholders'.

For further information, please refer to separate announcements released by
SAB, Bevcon, Liberty Life and Johnnic.



Further enquiries:

London

Nick von Schirnding
Senior Vice President, Investor and Corporate Affairs
+44 171 698 8540


Misha Nagelmackers
Manager, Media and Corporate Affairs
+44 171 698 8567