Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

SouthAfricanBrewerie (SAB)

  Print      Mail a friend       Annual reports

Friday 07 December, 2001


Results of Equity Issue

South African Breweries PLC
7 December 2001


                   Results of the Placing of Ordinary Shares
                  of South African Breweries plc (the Placing)

London and Johannesburg, 7 December 2001. Further to the announcement of the
Placing on 29 November 2001, and following the completion of an international
book building exercise, South African Breweries plc (SAB or the Company), the
world's leading brewer in developing markets, today announces the details of
the pricing and size of the Placing.

Results of the Placing

*        56.2 million new ordinary shares (the New Ordinary Shares) have been
placed with institutional investors at a price of 445 pence per New Ordinary

*        The placing price represents a discount of approximately 1.7% to the
closing price of SAB's shares on the London Stock Exchange on 6 December 2001.

*        The gross proceeds receivable by the Company will be approximately £
250 million (assuming no exercise of the option described below).

*        Application has been made for the New Ordinary Shares to be listed on
the Official List and admitted to trading on the London Stock Exchange with a
listing on the Johannesburg Stock Exchange.

Dealings in New Ordinary Shares

*        Admission is expected to become effective and dealings in the New
Ordinary Shares are expected to commence on the London Stock Exchange at 8.00
am on Wednesday, 12 December 2001.

*        There will be no facility for conditional dealings on the London
Stock Exchange prior to admission.

*        Dealings in the New Ordinary Shares are expected to commence on the
Johannesburg Stock Exchange on Wednesday, 12 December 2001.

Structure of the Placing of New Ordinary Shares

The Placing comprises the issue of 56.2 million New Ordinary Shares,
representing 7.25 per cent of the Company's existing issued share capital
prior to the Placing.

Cazenove & Co. Ltd. (Cazenove) and J.P. Morgan Securities Ltd. (JPMorgan) are
acting as joint international placement agents and joint book runners for the
equity fund raising, with ABN AMRO Rothschild as joint international placement
agent (together with Cazenove and JPMorgan, the Managers). In connection with
the Placing, the Company has granted to the Managers an option (the Option),
exercisable upon notice to the Company by no later than 30 days after the
closing of the Placing, to subscribe for up to 8.5 million additional ordinary
shares in the Company to, inter alia, cover over allotments.

Use of Proceeds

The proceeds of the sale of the New Ordinary Shares will be used towards the
financing of the acquisition announced by the Company on 29 November 2001 and
to provide future financial flexibility to the Company.

- ENDS -

This announcement has been issued by SAB and is the sole responsibility of
SAB. Cazenove, JPMorgan and ABN AMRO Rothschild are acting for SAB in
connection with the proposed Placing and no one else and will not be
responsible to any one other than SAB for providing the protections afforded
to clients of Cazenove, JPMorgan and ABN AMRO Rothschild respectively nor for
providing any advice in relation to the Placing.

ABN AMRO Rothschild is the unincorporated equity capital markets joint venture
between ABN AMRO Bank N.V. and N.M. Rothschild and Sons Limited (Rothschild).
ABN AMRO Bank N.V. is resulted by the FSA for the conduct of investment
business in the U.K. Rothschild is regulated by the FSA.

Rothschild is acting for SAB in connection with the Honduran acquisition and
no-one else and will not be responsible to any one other than SAB for
providing the protections afforded to clients of Rothschild nor for providing
any advice in relation to the transaction.

This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice. This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire ordinary shares in the capital of
the Company in the United States or any jurisdiction in which such offer or
solicitation is unlawful.  The New Ordinary Shares referred to in this
announcement may not be offered or sold within the United States or to, or for
the account or benefit of, US persons (as defined in Regulation S under the US
Securities Act of 1933) absent registration or an exemption from registration.
  Any offering of securities in the United States has been made by means of a
Public Information Pack that contains detailed information about the Company
and its management, as well as financial statements.  No public offering of
securities will be made in the United States.

The distribution of this announcement and the Placing and/or issue of New
Ordinary Shares in certain jurisdictions may be restricted by law.  No action
has been taken by the Company or the Managers that would permit an offer of
New Ordinary Shares or possession or distribution of this announcement or any
other offering or publicity material relating to New Ordinary Shares in any
jurisdiction where action for that purpose is required, other than in the
United Kingdom.  Persons into whose possession this announcement comes are
required by the Company and the Managers to inform themselves about and to
observe any such restrictions.

The New Ordinary Shares have not been approved or disapproved by the US
Securities and Exchange Commission, any state securities commission in the
United States or any other US regulatory authority, nor have any of the
foregoing authorities passed upon or endorsed the merits of the Placing or the
New Ordinary Shares or the accuracy of this announcement.  Any representation
to the contrary is a criminal offence in the United States.

In connection with the Placing JPMorgan may over-allot or effect transactions
with a view to supporting the market price of SAB's ordinary shares at a level
higher than that which might otherwise prevail for a limited period after the
issue date.  However, there may be no obligation on JPMorgan to do this.  Such
stabilising, if commenced, may be discontinued at any time, and must be
brought to an end after the limited period.

For further information:

Nick Chaloner
Director of Communications, SAB plc            +44 (0) 20 7659 0100

Anna Miller Salzman
Head of Investor Relations, SAB plc            +44 (0) 20 7659 0106
                                               Mob: +44 (0) 7973 837 070
Ciaran Baker
Head of Corporate Communications, SAB plc      +44 (0) 20 7659 0120
                                               Mob: +44 (0) 7979 954 493

David Mayhew, Cazenove +44 (0) 207 588 2828

Ian Hannam, JPMorgan +44 (0) 207 742 8618