18 June 2002
South African Breweries (UK) (SAB)
Re: Acquisition of Miller
18 June 2002
Following the announcement of the proposed transaction between SAB and Philip
Morris regarding Miller, FTSE takes note of the following details affecting
SAB's number of shares in issue and free float:
- Approximately 235 million new ordinary shares are expected to be
issued to Philip Morris
- Approximately 77 million ordinary shares, currently belonging to
Safari Ltd, are expected to be converted into non-voting, unlisted
SAB currently has approximately 841 million shares in issue and 100% free float
banding in FTSE indices.
If the above two transactions are carried out it is expected that the total
ordinary shares in issue will increase to approximately 999 million and the free
float banding remain at 100%.
All details are subject to the SAB EGM (expected 1 July 2002).
FTSE will issue a further notice once the outcome of the proposed transactions
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