Diageo PLC Close of the PTO for shares in SJF (6309X)
13 August 2018 - 9:18PM
UK Regulatory
TIDMDGE
RNS Number : 6309X
Diageo PLC
13 August 2018
13 August 2018
Close of the partial tender offer for shares in Sichuan
Shuijingfang Company Limited
Subsequent to the announcements made on 25 June 2018 and 10 July
2018, the offer period for the partial tender offer made by Diageo,
through its wholly owned subsidiary Grand Metropolitan
International Holdings Limited ("GMIHL"), to increase its aggregate
equity stake in Sichuan Shuijingfang Company Limited ("SJF") from
approximately 39.71% to up to a maximum of 60% (the "PTO") closed
on 11 August 2018.
As SJF distributed a cash dividend of RMB0.62 per share
(inclusive of tax) during the offer period, the offer price was
adjusted in accordance with the applicable local regulations from
RMB62.00 per share to RMB61.38 per share with effect from 2 August
2018.
According to the information available to Diageo today, a total
of 247,176,244 shares, representing approximately 50.59% of the
issued share capital of SJF, have been tendered for acceptance
under the PTO. Given that the number of shares tendered is more
than the 99,127,820 maximum, GMIHL will purchase the shares
tendered on a pro rata basis.
Settlement of the PTO is expected to take place on 17 August
2018. On completion of the PTO, Diageo's aggregate equity stake in
SJF will be 60%. SJF will continue to meet the minimum public float
requirement of the Shanghai Stock Exchange and its listing status
will not be affected.
Further details on settlement are available in the Chinese
language on the website of the Shanghai Stock Exchange
(http://www.sse.com.cn).
Enquiries:
Investor Relations: Andy Ryan +44 (0) 20 8978 6504
investor.relations@diageo.com
Media Relations: Bianca Agius +44 (0) 20 8978 1450
press@diageo.com
About SJF
SJF is a China-based and Shanghai-listed company principally
engaged in the manufacture and sales of alcoholic products. It
mainly provides liquor series products under the brand of
"Swellfun" and its wine products include Swellfun Diancang,
Swellfun Jingtai, Swellfun Zhenniang No. 8, Swellfun Yuanmingqing,
Swellfun Jingcui, Swellfun Hongyun, Swellfun Jindian, Swellfun
Meilanjuzhu, Xiaoshuijing, Shuijingshangpin and Tianhaochen. SJF
distributes its products within both domestic and overseas
markets.
About GMIHL
GMIHL is a wholly owned investment holding company of Diageo,
the global leader in beverage alcohol with an outstanding
collection of brands across spirits and beer categories
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands across spirits and beer
categories. These brands include Johnnie Walker, Crown Royal, J B,
Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our 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).
Celebrating life, every day, everywhere.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLLFLLTSIVLIT
(END) Dow Jones Newswires
August 13, 2018 07:18 ET (11:18 GMT)
Diageo Adr (LSE:DGED)
Historical Stock Chart
From Apr 2024 to May 2024
Diageo Adr (LSE:DGED)
Historical Stock Chart
From May 2023 to May 2024