FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)
1.
KEY INFORMATION
(a) Full name of discloser:
Anheuser-Busch InBev SA/NV
(“AB InBev”)
(b) Owner or controller of interests and short
positions disclosed, if different from 1(a):
N/A
(c) Name of offeror/offeree in relation to whose
relevant securities this form relates:
AB InBev
(d) Is the discloser the offeror or the offeree?
OFFEROR
(e) Date position held:
29 September 2015
(f) In addition to the company in 1(c) above, is the
discloser making disclosures in respect of any
other party to the offer?
No
2.
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a)
Interests and short positions in the relevant securities of the offeror or offeree
to which the disclosure relates
(Note: The percentages below are calculated on the basis of AB InBev Ordinary Shares of nil
face value in issue and held outside of treasury.)
Class of relevant security:
AB InBev Ordinary Shares of nil face value
Interests
Number
(1) Relevant securities owned
and/or controlled:
(2) Cash-settled derivatives:
(3) Stock-settled derivatives
(including options) and
agreements to purchase/sell:
TOTAL:
LON38058783 115646-0081
Short positions
%
0
Number
%
0
61,992,173
3.8605
0
0
0
0
0
0
61,992,173
3.8605
0
0
2
(b)
Rights to subscribe for new securities
Class of relevant security in relation to
which subscription right exists:
Nil
Details, including nature of the rights
concerned and relevant percentages:
Nil
3.
POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE
OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors’
and other employee options) of any person acting in concert with the party to the offer
making the disclosure:
(a) AB InBev Shares held by directors of AB InBev or their close family members or
related trusts (excluding any entitlements under the stock options plan set out below)
(Note: The percentages below are calculated on the basis of AB InBev Ordinary Shares of nil
face value in issue and held outside of treasury.)
Director
Number of relevant
securities
(all
ABI
InBev shares unless
otherwise indicated)
%
Olivier Goudet
3,000 ADRs
<0.01%
M Michele Burns
None
0%
Kasper Rorsted
None
0%
Elio Leoni Sceti
950
<0.01%
950
<0.01%
Grégoire de Spoelberch
215,000
0.0134%
Held directly
15,000
<0.01%
Held by Societe Immobilere du Canal SA)
(controlled company)
200,000
0.0125%
70,330
<0.01%
Held directly
66
<0.01%
Held by Corinne van der Elst
2
<0.01%
Held by Elma Ltd (family trust)
Alexandre Van Damme
Held by
company)
B-Holding
SA
(controlled
260
<0.01%
Held by
company)
Patrinvest
ScA
(controlled
70,000
<0.01%
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3
Held by Patri SA (controlled company)
2
<0.01%
63,258
<0.01%
Held by Cecilia Sicupira (daughter)
21,086
<0.01%
Held by Helena Sicupira (daughter)
21,086
<0.01%
Held by Heloisa Sicupira (daughter)
21,086
<0.01%
Marcel Herrmann Telles
None
0%
Stéfan Descheemaeker
410,370
0.0256%
410,370
0.0256%
533,394
0.0332%
Held directly
14,218
<0.01%
Denise de Pret Roose de Calesberg
(mother; held directly)
600
<0.01%
Celine Cornet (sister; via a controlled
company)
513,526
0.0320%
Antoine Cornet (brother; held directly)
5,050
<0.01%
Paulo Alberto Lemann
55,616 ABI InBev
Shares
60,699 ADRs
<0.01%
Alexandre Behring (beneficially held)
960,894
0.0598%
Maria Asuncion Aramburuzabala
None other than the
rights under the deferred
share plan
0%
Valentin Diez
None other than the
rights under the deferred
share plan
0%
Carlos Alberto da Veiga Sicupira
Held by Olidipoli (controlled company)
Paul Cornet de Ways Ruart
(b) Directors’ rights to subscribe for AB InBev shares under AB InBev’s share plans
LTI Stock-option Plan
Director
Number
Shares
of
Date of Grant
Expiry Date
Strike Price
Grégoire
Spoelberch
de
15,000
29 April 2015
28 April 2025
EUR 113.10
Grégoire
Spoelberch
de
15,000
30 April 2014
29 April 2024
EUR 80.83
Grégoire
de
15,000
24 April 2013
23 April 2018
EUR 76.20
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4
Spoelberch
Grégoire
Spoelberch
de
15,000
25 April 2012
24 April 2017
EUR 54.71
Carlos Alberto
Veiga Sicupira
da
15,000
29 April 2015
28 April 2025
EUR 113.10
Carlos Alberto
Veiga Sicupira
da
15,000
30 April 2014
29 April 2024
EUR 80.83
Carlos Alberto
Veiga Sicupira
da
15,000
24 April 2013
23 April 2018
EUR 76.20
Carlos Alberto
Veiga Sicupira
da
15,000
25 April 2012
24 April 2017
EUR 54.71
Carlos Alberto
Veiga Sicupira
da
15,000
26 April 2011
25 April 2016
EUR 40.92
Carlos Alberto
Veiga Sicupira
da
8,269
25 April 2006
24 April 2016
EUR 38.70
Marcel
Telles
Herrmann
15,000
29 April 2015
28 April 2025
EUR 113.10
Marcel
Telles
Herrmann
15,000
30 April 2014
29 April 2024
EUR 80.83
Marcel
Telles
Herrmann
15,000
24 April 2013
23 April 2018
EUR 76.20
Marcel
Telles
Herrmann
15,000
25 April 2012
24 April 2017
EUR 54.71
Marcel
Telles
Herrmann
15,000
26 April 2011
25 April 2016
EUR 40.92
Marcel
Telles
Herrmann
8,269
25 April 2006
24 April 2016
EUR 38.70
Alexandre
Damme
Van
15,000
29 April 2015
28 April 2025
EUR 113.10
Alexandre
Damme
Van
15,000
30 April 2014
29 April 2024
EUR 80.83
Alexandre
Damme
Van
15,000
24 April 2013
23 April 2018
EUR 76.20
Alexandre
Damme
Van
15,000
25 April 2012
24 April 2017
EUR 54.71
Alexandre
Damme
Van
15,000
26 April 2011
25 April 2016
EUR 40.92
Alexandre
Damme
Van
8,269
25 April 2006
24 April 2016
EUR 38.70
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5
Paul Cornet de Ways
Ruart
15,000
29 April 2015
28 April 2025
EUR 113.10
Paul Cornet de Ways
Ruart
15,000
30 April 2014
29 April 2024
EUR 80.83
Paul Cornet de Ways
Ruart
15,000
24 April 2013
23 April 2018
EUR 76.20
Paul Cornet de Ways
Ruart
15,000
25 April 2012
24 April 2017
EUR 54.71
Olivier Goudet
25,500
29 April 2015
28 April 2025
EUR 113.10
Olivier Goudet
20,000
30 April 2014
29 April 2024
EUR 80.83
Olivier Goudet
20,000
24 April 2013
23 April 2018
EUR 76.20
Olivier Goudet
15,000
25 April 2012
24 April 2017
EUR 54.71
Stéfan
Descheemaeker
15,000
29 April 2015
28 April 2025
EUR 113.10
Stéfan
Descheemaeker
15,000
30 April 2014
29 April 2024
EUR 80.83
Stéfan
Descheemaeker
15,000
24 April 2013
23 April 2018
EUR 76.20
Stéfan
Descheemaeker
15,000
25 April 2012
24 April 2017
EUR 54.71
Paulo Alberto Lemann
15,000
29 April 2015
28 April 2025
EUR 113.10
Elio Leoni Sceti
15,000
29 April 2015
28 April 2025
EUR 113.10
Alexandre Behring
15,000
29 April 2015
28 April 2025
EUR 113.10
Valentin Diez Morodo
15,000
29 April 2015
28 April 2025
EUR 113.10
Maria
Asuncion
Aramburuzabala
15,000
29 April 2015
28 April 2025
EUR 113.10
Deferred Share entitlements
Under deferred share entitlement agreements awarded in June 2012 in relation to AB InBev’s
acquisition of the Modelo group, the directors listed below have the right to receive the
following AB InBev ordinary shares at their election.
Director
Number of Shares
Date of grant
Maria Asuncion Aramburuzabala
15,384,615
28 June 2012
Valentin Diez (through his trust Banco Nacional
de Mexico S.A., Integrante del Grupo Financiero
Banamex, divison Fiduciaria, acting as trustee
for Trust N° 17243-8)
7,692,307
28 June 2012
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6
AB InBev ordinary shares held by controlling shareholders of AB InBev
The shareholders below are disclosed by AB InBev as its controlling shareholders. A full
structure chart is disclosed, pursuant to the requirements of Belgian law, at www.abinbev.com.
(Note: The percentages below are calculated on the basis of AB InBev Ordinary Shares of nil
face value in issue and held outside of treasury.)
Controlling Shareholder
Number of AB InBev
Ordinary Shares
%
Stichting Anheuser-Busch InBev,
663,074,832
41.2924%
3,645,605
0.2270%
4,468
< 0.01%
Eugénie Patri Sébastien (EPS) SA
99,999
< 0.01%
EPS Participations Sàrl
130,257,459
8.1117%
Rayvax Societe d'Investissements
484,794
0.0302%
Sebastien Holding
10
< 0.01%
37,598,236
2.3414%
5,485,415
0.3416%
6,997,665
0.4358%
(Owned and controlled by EPS Participations and
BRC Luxembourg)
MHT Benefit Holding Company
(an entity acting in concert with Marcel Hermann
Telles)
LTS Trading Company
(an entity acting in concert with Jorge Paulo
Lemann who was, but is no longer, a director of AB
InBev (although his son, Paulo Lemann is a
director) and Marcel Hermann Telles and Carlos
Alberto da Veiga Sicupira both of whom are
directors of AB InBev)
(Owned and controlled by Eugénie Patri Sébastien
(EPS) SA)
(Owned or controlled
d'Investissements)
by
Rayvax
Societe
BRC Sàrl
(the largest ultimate shareholders are Jorge Paulo
Lemann who was, but is no longer, a director of AB
InBev(although his son, Paulo Lemann is a director)
and Marcel Hermann Telles and Carlos Alberto da
Veiga Sicupira both of whom are directors of AB
InBev)
Fonds Baillet Latour sprl
(with a social purpose under Belgian law affiliated to
Stichting Fonds InBev-Baillet Latour under Dutch
law, that controls it)
Fonds Voorzitter Verhelst sprl
(with a social purpose under Belgian law affiliated to
Fonds Verhelst sprl with a social purpose under
LON38058783 115646-0081
7
Belgian law, that controls it)
Brandbrew SA (a wholly owned direct subsidiary of
AB InBev)
525,894
0.0327%
LTI Stock Options held by past directors of the Company
Director
Number
Shares
of
Date of Grant
Expiry Date
Strike Price
Roberto
Motta
Thomspon
15,000
30 April 2014
29 April 2024
EUR 80.83
Roberto
Motta
Thomspon
15,000
24 April 2013
23 April 2018
EUR 76.20
Roberto
Motta
Thomspon
15,000
25 April 2012
24 April 2017
EUR 54.71
Roberto
Motta
Thomspon
15,000
26 April 2011
25 April 2016
EUR 40.92
Roberto
Motta
Thomspon
8,269
25 April 2006
24 April 2016
EUR 38.70
Jorge Paulo Lemann
15,000
30 April 2014
29 April 2024
EUR 80.83
Jorge Paulo Lemann
15,000
24 April 2013
23 April 2018
EUR 76.20
Jorge Paulo Lemann
15,000
25 April 2012
24 April 2017
EUR 54.71
Jorge Paulo Lemann
15,000
26 April 2011
25 April 2016
EUR 40.92
Jorge Paulo Lemann
8,269
25 April 2006
24 April 2016
EUR 38.70
4.
OTHER INFORMATION
(a)
Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the party to the offer making the disclosure or
any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state “none”
None
(b)
Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the party to the offer making the disclosure, or any person acting in concert with it, and
any other person relating to:
LON38058783 115646-0081
8
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
None
(c)
Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
NO
Supplemental Form 8 (SBL)
YES
Date of disclosure:
30 September 2015
Contact name:
Lazard Frères & Co. LLC
Telephone number:
+44 20 7187 2000
+1 212 632 6000
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information
Service and must also be emailed to the Takeover Panel at [email protected].
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s
disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
LON38058783 115646-0081
9
SUPPLEMENTAL FORM 8 (SBL)
DETAILS OF SECURITIES BORROWING AND LENDING AND
FINANCIAL COLLATERAL ARRANGEMENTS BY
PARTIES TO AN OFFER AND PERSONS ACTING IN CONCERT
Note 5(l) on Rule 8 of the Takeover Code (the “Code”)
1.
KEY INFORMATION
Full name of person making disclosure:
Name of offeror/offeree in relation to whose
relevant securities this form relates:
2.
Anheuser-Busch InBev SA/NV
(“AB InBev”)
OFFEROR
SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL
POSITIONS
Class of relevant security:
Securities borrowed:
Securities lent (including securities subject to a
security financial collateral arrangement with right
of use or a title transfer collateral arrangement):
AB InBev Ordinary Shares of nil
face value
Number
%
9,000,000*
0.5605
0
0
* Of the securities borrowed, 7,929,446 AB InBev Ordinary Shares of nil face value have been
transferred by AB InBev and 1,070,554 AB InBev Ordinary Shares of nil face value are still
held by AB InBev.
(Note: The percentage above is calculated on the basis of AB InBev Ordinary Shares of nil
face value in issue and held outside of treasury.)
3.
SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL
TRANSACTIONS
Note: The securities borrowed under each of the arrangements below were delivered on the
date the arrangement was entered into. The maturity dates for the securities lending
arrangements set out below are subject to an automatic extension upon the occurrence of
which there will be no change of interest and no dealing (and therefore no dealing disclosure
will be made). To the extent that one of the arrangements is varied or terminated then a
corresponding disclosure will be made.
Class of relevant
security
AB InBev Ordinary
Shares of nil face
value
AB InBev Ordinary
Shares of nil face
value
AB InBev Ordinary
Shares of nil face
value
LON38058783 115646-0081
Nature of transaction
e.g. securities lending/borrowing, delivery/receipt of
recalled securities, entering into financial collateral
arrangement with right of use, entering into title
transfer collateral arrangement etc.
Stock lending agreement entered into on 17 June
2015 and with maturity date 18 December 2015
Number of
securities
3,000,000
Stock lending agreement entered into on 2 July
2015 and with maturity date 4 January 2016
4,000,000
Stock lending agreement entered into on 15
September 2015 and with maturity date 24 March
2016
2,000,000
10
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s
disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
LON38058783 115646-0081