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.

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SouthAfricanBrewerie (SAB)

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Wednesday 11 July, 2001


Convertible Bond Issue

South African Breweries PLC
11 July 2001


                         South African Breweries plc

                      Results of Convertible Bond Issue

SAB Finance (Cayman Islands) Limited (the 'Issuer') US$ 500 million 4.25%
Guaranteed Convertible Bonds due 2006 (the 'Bonds') guaranteed by South
African Breweries plc ('SAB') and by South African Breweries International
(Finance) B.V. and convertible into exchangeable redeemable preference shares
in the Issuer which will be immediately exchanged for ordinary shares in SAB,
which, at SAB's discretion, may be either existing SAB shares held within
Safari Limited or new SAB shares.

SAB Finance (Cayman Islands) Limited is pleased to announce that the coupon
has been fixed at 4.25% payable semi-annually. The initial exchange price has
been set at 615 pence, which represents a premium of 20.6% over the closing
price of the ordinary shares of SAB on 10 July 2001.

The Issuer has granted JPMorgan, on behalf of the Managers, an option ,
exercisable upon notice to the Issuer, by not later than three days prior to
closing, i.e. up to 7 August 2001, to purchase additional Bonds up to US$ 100

In connection with this issue JPMorgan may over-allot or effect transactions,
which stabilise or maintain the market price of the Bonds and/or the ordinary
shares of SAB at a level which might not otherwise prevail. Such stabilising,
if commenced, may be discontinued at any time.

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.

This press release does not constitute an offer of the Bonds to any person, or
an invitation by or on behalf of SAB or SAB Finance (Cayman Islands) Limited
to any person to subscribe for or purchase any of the Bonds. The Bonds, the
preference shares and the ordinary shares to be issued in exchange for the
preference shares upon conversion of the Bonds, have not been and will not be
registered under the United States Securities Act of 1933. The Bonds may not
be offered or sold in the United States or to, or for the account or benefit
of, U.S. persons (as such term is defined in Regulation S under the U.S.
Securities Act of 1933) unless they are registered or exempt from
registration. There will be no public offer of Bonds in 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