Diageo PLC Launch of partial tender offer for shares in SJF (1943U)
10 Juli 2018 - 2:52PM
UK Regulatory
TIDMDGE
RNS Number : 1943U
Diageo PLC
10 July 2018
10 July 2018
Launch of partial tender offer for shares in Sichuan
Shuijingfang Company Limited
Subsequent to the announcement made on 25 June 2018, the Board
of Directors of Sichuan Shuijingfang Company Limited ("SJF") has
been notified that Diageo is launching a partial tender offer,
through its wholly owned subsidiary Grand Metropolitan
International Holdings Limited ("GMIHL"), to increase its aggregate
equity stake in SJF from approximately 39.71% to up to a maximum of
60% (the "PTO").
The PTO price is RMB62.00 per share and gives all shareholders
(other than Diageo Highlands Holding B.V. and Sichuan Chengdu
Shuijingfang Group Co., Ltd., being wholly-owned subsidiaries of
Diageo) the opportunity to elect to sell some or all of their
shares in SJF to GMIHL. The maximum number of shares subject to the
PTO is 99,127,820 and the PTO period will run from 13 July 2018 to
11 August 2018.
The detailed PTO documents are available in the Chinese language
on the website of the Shanghai Stock Exchange
(http://www.sse.com.cn).
Further developments in relation to the PTO will be communicated
to shareholders in due course.
Enquiries:
Investor Relations: Pier Falcione +44 (0) 20 8978 4838
investor.relations@diageo.com
Media Relations: Jessica Rouleau +44 (0) 20 8978 1286
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, a
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).
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END
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