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”).

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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.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

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.

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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.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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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.

ACCESS TO YOUR INFORMATION AND CORRECTION

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.

WHERE WE STORE YOUR PERSONAL DATA

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.

CHANGES TO OUR PRIVACY POLICY

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.

OTHER WEBSITES

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.

CONTACT

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

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SABMiller PLC (SAB)

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Wednesday 09 June, 2010

SABMiller PLC

BBBEE transaction in S Africa

RNS Number : 3034N
SABMiller PLC
09 June 2010
 



Broad-Based Black Economic Empowerment transaction in South Africa

 

SABMiller plc ("SABMiller") is pleased to announce the issue of shares in the group's South African subsidiary, The South African Breweries Limited ("SAB") pursuant to the group's broad-based black economic empowerment transaction in South Africa ("the Transaction"), which was announced on 1 July 2009 and approved by shareholders on 15 January 2010.

A total of 46,173,000 new shares in SAB, representing 8.45% of SAB's enlarged issued share capital, have been issued to the three participant groups:  SAB employees; black-owned licensed liquor retailers and retail liquor licence applicants, as well as registered black-owned customers of ABI, the soft drinks division of SAB; and the broader South African community through a newly established SAB Foundation.

SAB's employees in aggregate now own 3.39% of SAB through The SAB Zenzele Employee Trust. Retailers in aggregate own 3.52% of SAB through an investment entity, SAB Zenzele Holdings Limited ("SAB Zenzele"), and The SAB Foundation owns 1.54% of SAB.

The offer of SAB Zenzele ordinary shares to qualifying participants (the "Retailer Offer") closed on 28 April 2010. Qualifying participants were invited to apply for 19,228,250 ordinary shares in SAB Zenzele. The offer attracted over 33,000 applications and was 29% oversubscribed. Following the allocation process, this has resulted in the introduction of a broad base of 29,542 new black shareholders in SAB Zenzele.

In addition, participation rights in The SAB Zenzele Employee Trust have been allocated to 9,416 of SAB's employees and SABMiller group employees resident in South Africa.

 

Full details of the transaction structure can be found in the circular issued to shareholders in December 2009, which is also available at www.sabmiller.com.  Further details of the transaction can also be found on SAB's website (www.sablimited.co.za).

SABMiller is being advised in connection with the transaction by Standard Bank as Investment Bank, and by Bowman Gilfillan (South Africa) and Hogan Lovells International LLP (UK) as legal advisors.

 

ENDS



About SABMiller

SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group`s wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and, Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.

 

In the year ended 31 March 2010, the group reported US$3,803 million in adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller is listed on the London and Johannesburg stock exchanges.

 

This announcement is available on the company website and high resolution images are available for the media to view and download free of charge from the Image Library in the News and media section of www.sabmiller.com. 

 

About SAB

SAB was established in 1895 and has in the region of 9,400 permanent employees, including its soft drinks division, ABI. It owns seven breweries with a brewing capacity of some 31 million hectolitres. Total beer volumes during the financial year ended 31 March 2010 were 25.8 million hectolitres. ABI is the largest producer and distributor of Coca-Cola brands in southern Africa. With five manufacturing plants in South Africa, ABI accounts for approximately 60% of Coca-Cola's sales in South Africa, and total sales volumes of soft drinks in the year ended 31 March 2010 (including sparkling soft drinks, fruit juices and water) were 17 million hectolitres. SAB is a South African subsidiary of SABMiller. For more information, visit the company's website: www.sablimited.co.za

 

SABMiller's history of Broad-Based Black Economic Empowerment in South Africa

 

SABMiller has been actively engaged in the advancement of black economic empowerment initiatives in South Africa since the 1970's.  The group has progressed a number of initiatives in all spheres of black economic empowerment, including:  ownership, through the creation of Tsogo Sun Holdings in a landmark black economic empowerment ownership transaction in the hotel and gaming industry; enterprise development, through the establishment of a number of benchmark programmes such as SAB's Owner-Driver programme, the SAB KickStart Awards (funding and mentoring of aspirant businesses), the Taung barley farmers programme, the establishment of joint ventures with black partners to supply certain key raw materials; SAB's Mahlasedi Taverner Training programme; and human resources development, through the implementation of employment equity practices.

 

In addition, SAB has placed significant focus on procurement equity throughout its value chain.  The company embarked an aggressive black economic empowerment campaign during the 1980s in an effort to place a considerable portion of its business with black suppliers.  Today, in its procurement, outsourcing and contract-awarding activities, SAB favours those companies which have demonstrated a tangible and deliverable commitment to black economic empowerment principles.

 

Enquiries:

 

SABMiller


Tel: +44 20 7659 0100

Sue Clark

Director of Corporate Affairs

Tel: +44 20 7659 0184

Gary Leibowitz

Senior Vice President, Investor Relations

Tel: +44 20 7659 0174

Nigel Fairbrass

Head of Media Relations

Tel: +44 7799 894265

SAB



Vincent Maphai

Executive Director of Corporate Affairs and Transformation

Tel: +27 11 881 8503

Robyn Chalmers

Communications Manager

Tel: +27 11 881 8502

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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