Diageo PLC Intention to launch partial tender offer (8578C)
14 Ottobre 2022 - 8:00AM
UK Regulatory
TIDMDGE
RNS Number : 8578C
Diageo PLC
14 October 2022
Intention to launch partial tender offer for shares in East
African Breweries PLC
14 October, London - Diageo, through its wholly-owned indirect
subsidiary, Diageo Kenya Limited ("Diageo Kenya"), announces that
it has served notice on East African Breweries PLC ("EABL") of its
intention to increase its equity stake in EABL up to 65% by means
of a partial tender offer made to other shareholders of EABL. As at
the date of this announcement , Diageo Kenya holds 50.03% of the
issued share capital of EABL.
EABL, a public limited company incorporated under the laws of
Kenya with registration number C. 5/34, is listed on the Main
Investment Market Segment of the Nairobi Securities Exchange.
Further information in relation to EABL is available on its website
at www.eabl.com .
Subject to receipt of the relevant regulatory approvals, details
of the proposed partial tender offer will be set out in a tender
offer document, which will be made available to shareholders of
EABL.
Diageo Kenya does not intend to make a takeover offer for EABL
and will apply to the Capital Markets Authority in Kenya for an
exemption from complying with the requirement to make a takeover
offer.
A copy of this announcement is available at
www.diageo.com/en/investors/investor-press-releases .
The announcement today, of the proposal outlined above, does not
constitute the announcement of an offer and creates no obligation
on Diageo and/or any Diageo subsidiary to make an offer.
Accordingly, shareholders in EABL should await further
communication from Diageo Kenya.
For further information please contact:
Investor relations :
Durga Doraisamy +44 (0) 7902 126 906
Lucinda Baker +44 (0) 7974 375 550
Andy Ryan +44 (0) 7803 854 842 investor.relations@diageo.com
Media relations :
Dominic Redfearn +44 (0) 7971 977 759
Gina Bell +44 (0) 7731 988 857
press@diageo.com
About EABL
EABL is a regional leader in beverage alcohol with an
exceptional collection of brands across beer and spirits. Although
the business is concentrated on three core markets of Kenya, Uganda
and Tanzania, its products are sold in more than ten countries
across Africa and beyond. These include Tusker, Guinness, Bell
Lager, Serengeti Lager, Kenya Cane, Chrome Vodka, Johnnie Walker,
Captain Morgan and Smirnoff. EABL's ambition is to be one of the
best performing, most trusted and respected consumer products
companies in Africa.
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands including Johnnie Walker, Crown
Royal, J B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company whose products are sold in more than
180 countries around the world. The company is listed on both the
London Stock Exchange (DGE) and the New York Stock Exchange (DEO).
For more information about Diageo, our people, our brands, and
performance, visit us at www.diageo.com . Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com , for information,
initiatives and ways to share best practice.
Celebrating life, every day, everywhere.
Diageo plc LEI: 213800ZVIELEA55JMJ32
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END
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