Full details on the SABMiller corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
SABMiller

SABMiller – Scheme of Arrangement

Corporate action reference 201601231

SABMiller has announced details of a Recommended Acquisition by Anheuser-Busch InBev SA-/NV to be effected by way of a Scheme of Arrangement under Part 26 of the Companies Act 2006.

YOUR OPTIONS:

CASH

For each ordinary share of USD 0.10 in SABMiller receive GBP 45.00 in Cash (Default)

Or

TRANSFER YOUR HOLDING TO ANOTHER BROKER and elect for the Partial Share Alternative

A Partial Share Alternative will be available from the Company on the following terms:

For each ordinary share of USD 0.10 in SABMiller

GBP 4.6588 in Cash

And

0.483969 Restricted Shares in Newbelco, a Belgian limited liability company to be formed for the purposes of the transaction.

The Restricted Shares will be Unlisted, will not be an enabled Euroclear UK & Ireland Security within Crest and will be subject to transfer restrictions until converted into Newbelco Ordinary Shares. The restricted shares will be convertible, at the Holder’s option, into Ordinary Shares on a 1 for 1 basis with effect from the fifth anniversary of completion.

PLEASE BE AWARE THAT THIS OPTION IS NOT CURRENTLY AVAILABLE THROUGH BARCLAYS STOCKBROKERS. IF YOU WISH TO TAKE UP THIS OPTION, YOU WILL NEED TO TRANSFER YOUR HOLDING TO AN ALTERNATIVE PROVIDER WHO SUPPORTS THE UNLISTED HOLDING.

BARCLAYS STOCKBROKERS MUST BE IN RECEIPT OF A TRANSFER REQUEST FROM YOUR NEW BROKER ON OR BEFORE 23 SEPTEMBER 2016 TO COMPLETE THIS TRANSFER. TO ACHIEVE THIS YOU MUST HAVE AN OPEN ACCOUNT WITH YOUR RECEIVING BROKER.

TRANSFER REQUESTS AFTER THIS DATE, THIS WILL RESULT IN US HAVING TO ACCEPT THE CASH ON YOUR BEHALF AS PER THE DEFAULT.

Our Client Service team can be contacted on 0800 901 2911* or local dial number 0141 352 3971*.

RELATIVE DETAIL AND DATES:

Subject to shareholder approval at Court and General Meetings to be held on 28 September 2016 and UK Scheme Court Sanction on 4 October 2016.

KEY DATES

28 September 2016 Court and General Meetings
4 October 2016 Court Hearing to sanction the Scheme
4 October 2016 Last day for dealings in and registration of transfers, and disablement in Crest of SABMiller shares
4 October 2016 Expected Scheme effective date (18:15)
4 October 2016 Scheme Record time (18:00)
5 October 2016 Delisting of SABMiller shares from the London Stock Exchange (by 08:00)
7 October 2016 Last day for receipt of Green election form and TTE instructions (18:00 London time)
10 October 2016 Effective date for Merger and combination becomes effective
11 October 2016 New Listing of combined group on Euronext Brussels
11 October 2016 Crest accounts expected to be credited with proceeds

A full copy of the offer document can be found on the Company’s website

ADDITIONAL INFORMATION

We will aim to update your account within five business days of receiving the proceeds, unless you choose to transfer your shares to another broker.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

Please note that this page does not constitute investment and tax advice. If you are unsure of what option to take please contact your financial advisor.

If you would like any further information, please visit our Ask A Question page on our website visit our Ask a Question site.

*Calls to 0800 numbers are free if made from a UK landline and calls to 0141 numbers are charged at local rate, mobile costs may vary - please check with your telecoms provider. Calls may be recorded so that we can monitor the quality of our service and for security purposes. Our opening hours are 07:30 to 19:00 Monday to Thursday, 07:30 to 18:00 on Friday (excluding bank holidays) and 09:30 to 12:30 on Saturday.

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