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 [email protected] in the first instance.

 Information  X 
Enter a valid email address

SouthAfricanBrewerie (SAB)

  Print      Mail a friend       Annual reports

Monday 09 July, 2001


Issue of Debt

South African Breweries PLC
9 July 2001


South African Breweries plc
9 July 2001

South African Breweries Launches US$ 500 million Offering of Convertible Bonds

South African Breweries plc ('SAB'), one of the world's leading brewers with
operations in 22 countries, announced today that its wholly owned subsidiary
SAB Finance (Cayman Islands) Limited (the 'Issuer') has launched an offering
of US$ 500 million in aggregate principal amount of Guaranteed Convertible
Bonds due 2006 (the 'Bonds').  The Bonds are guaranteed by SAB and  South
African Breweries International (Finance) BV and are convertible into
exchangeable redeemable preference shares of the Issuer which will immediately
be exchanged for ordinary shares of SAB, which, at SAB's discretion, may be
either existing SAB shares held within Safari Limited, pursuant to SAB's
synthetic treasury stock structure established in 1999, or new SAB shares.
There is an over-allotment option of up to US$ 100 million.

The coupon of the Bonds is expected to be between 3.875% and 4.375%, per annum
and the conversion price is expected to be set at a premium of between 20% and
25% to the price of SAB's shares at the time of pricing.  The Bonds will be
issued and redeemed at par.  Holders of the Bonds will have the option to put
the Bonds back to SAB, at par, at the end of Year 4.  The Bonds are expected
to be priced on or before 11 July 2001 and closing is expected on or about 10
August 2001.

The proceeds of the Bonds will be used to refinance existing debt utilised for
past acquisitions, enhance SAB's funding flexibility for future acquisitions,
in line with SAB's strategy, and for general corporate purposes. The offering
will broaden SAB's investor base in the international capital markets,
lengthen the maturity profile of its debt and fix funding costs in a
relatively low interest rate environment.

Applications will be made for the Bonds to be listed and admitted to trading
on the London Stock Exchange's market for listed securities.  Stabilisation/

JPMorgan is the Sole Bookrunner and Lead Manager for the offering. Cazenove is
the Joint Lead Manager. Hawkpoint Partners are Financial Advisers to SAB
regarding the offering.

The issue comprises an offer to certain institutional investors in the United
Kingdom, the United States (in reliance upon Rule 144A under the United States
Securities Act of 1933  (the 'Securities Act')) and the rest of the world,
with offers to non-United States persons outside the United States being made
in reliance upon Regulation S under the Securities Act.

The information contained herein is not for distribution in the United States,
Canada or Japan and does not constitute an offer of Bonds for sale.  Bonds may
not be offered or sold in or into the United States unless they are registered
under applicable law or exempt from registration.  The Bonds referred to
herein have not, and will not, be registered under the Securities Act and may
not be offered or sold, subject to limited exceptions, directly or indirectly
in or into the United States.

For more information, please contact:

South African Breweries plc:
Malcolm Wyman
Chief Financial Officer                    +44 20 7659 0100
Nick Chaloner
Director of Communications                 +44 20 7659 0119/+44 7880 502 755

Tim Elliott                                +44 20 7325 4996
Ian Hannam                                 +44 20 7742 8205


a d v e r t i s e m e n t