Source - BUS



FORM 8.5 (EPT/NON-RI) - Amendment to s2(a) and 3(a)



Rule 8.5 of the Takeover Code (the “Code”)


(a)   Name of exempt principal trader:   BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose SABMILLER PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt ANHEUSER-BUSCH INBEV SA/NV
  principal trader is connected  
(d) Date position held/dealing undertaken: 29 July 2016
(e) In addition to the company in 1(b) above, is the exempt principal YES:
  trader making disclosures in respect of any other party to the offer? ANHEUSER-BUSCH INBEV SA/NV


If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 16,851,126 1.05% 1,658,672 0.10%
(2) Cash-settled derivatives:
64,372 0.00% 15,507,547 0.96%
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
TOTAL: 16,915,498 1.05% 17,166,219 1.06%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  


Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant   Purchase/sale   Total number of   Highest price per unit   Lowest price per unit
security   securities paid/received paid/received
ORD Purchase 984,516 44.9500 GBP 42.7687 GBP
ORD Sale 3,425,166 44.9500 GBP 43.64 GBP
ADR Purchase 251,731 59.0373 USD 58.4 USD
ADR Sale 251,731 59.0373 USD 58.4 USD

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 13 43.8615 GBP
ORD CFD Long 149 819.3123 ZAR
ORD CFD Long 400 43.6928 GBP
ORD SWAP Long 758 44.0549 GBP
ORD SWAP Long 1,195 44.0804 GBP
ORD CFD Long 1,324 812.0050 ZAR
ORD SWAP Long 1,938 43.9252 GBP
ORD CFD Long 9,449 43.8081 GBP
ORD CFD Long 8,547 43.8130 GBP
ORD CFD Long 20,000 43.8361 GBP
ORD CFD Long 27,608 811.1579 ZAR
ORD CFD Long 29,434 815.8329 ZAR
ORD CFD Long 73,294 44.0383 GBP
ORD CFD Long 79,419 815.7104 ZAR
ORD SWAP Long 100,000 43.8934 GBP
ORD CFD Long 107,650 812.7728 ZAR
ORD CFD Long 122,207 44.2849 GBP
ORD SWAP Short 4 44.7000 GBP
ORD SWAP Short 263 44.2553 GBP
ORD SWAP Short 280 44.5512 GBP
ORD SWAP Short 339 44.3667 GBP
ORD SWAP Short 341 43.9842 GBP
ORD SWAP Short 420 43.9479 GBP
ORD SWAP Short 554 44.1948 GBP
ORD SWAP Short 749 44.0798 GBP
ORD CFD Short 807 44.6923 GBP
ORD SWAP Short 1,464 44.0641 GBP
ORD SWAP Short 1,744 43.9885 GBP
ORD SWAP Short 2,429 44.0811 GBP
ORD CFD Short 2,492 44.2727 GBP
ORD SWAP Short 2,586 44.0397 GBP
ORD SWAP Short 3,400 42.7682 GBP
ORD CFD Short 2,000 44.3515 GBP
ORD CFD Short 2,500 43.8541 GBP
ORD CFD Short 3,750 44.0033 GBP
ORD CFD Short 4,280 44.0914 GBP
ORD SWAP Short 9,658 44.1404 GBP
ORD CFD Short 6,000 44.6624 GBP
ORD SWAP Short 13,192 43.8984 GBP
ORD CFD Short 13,987 819.4861 ZAR
ORD SWAP Short 14,487 44.0114 GBP
ORD SWAP Expires 02/08/2018 Short 15,000 42.9508 GBP
ORD SWAP Short 26,331 43.7800 GBP
ORD CFD Short 28,283 814.9716 ZAR
ORD CFD Short 31,563 44.2103 GBP
ORD SWAP Short 31,619 44.0150 GBP
ORD SWAP Short 60,000 44.7997 GBP
ORD CFD Short 64,437 44.1885 GBP
ORD CFD Short 65,457 819.2150 ZAR
ORD CFD Short 153,294 44.5093 GBP
ORD SWAP Expires 26/07/2018 Short 203,000 44.1400 GBP
ORD CFD Short 250,716 44.0766 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercise

Class of relevant security   Product description

e.g. call option

  Exercising/ exercised against   Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)


(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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”


(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(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:

If there are no such agreements, arrangements or understandings, state “none”


(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?   NO
Date of disclosure: 30 Aug 2016
Contact name: Pinar Coktas
Telephone number: 020 7116 1165

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