Diageo PLC Close of partial tender - Shuijingfang (1734V)
04 April 2019 - 1:37PM
UK Regulatory
TIDMDGE
RNS Number : 1734V
Diageo PLC
04 April 2019
4 April 2019
Close of the partial tender offer for shares in Sichuan
Shuijingfang Company Limited
Subsequent to the announcements made on 26 February 2019 and 28
February 2019, 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
60.0% to up to a maximum of 70.0% (the "PTO") closed on 3 April
2019.
According to the information available to Diageo today, a total
of 15,341,956 shares, representing approximately 3.14% of the
issued share capital of SJF, have been tendered for acceptance
under the PTO. Given that the number of shares tendered is less
than the 48,854,570 maximum number of shares that are subject to
the PTO, GMIHL will purchase all of the shares that have been
tendered by the shareholders of SJF.
Settlement of the PTO is expected to take place on 9 April 2019.
On completion of the PTO, Diageo's aggregate equity stake in SJF
will be approximately 63.14%. 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: Jessica Rouleau +44 (0) 7925 642 561 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 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).
About GMIHL
GMIHL is a wholly owned investment holding company of
Diageo.
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END
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