R TRADE O U IQ L E H T R O ROWTH G NEWS F IC M O N O C E RIBUTE TO T N O C ele L IL W I IL sting in SAB Zenz B A K E L nefits of re-inve E be e Z e Th el N nz E Ze Z a new SAB’S e fact that SAB SAB Zenzele into Kabili include th worth of shares the unwinding of from ld shares ced heme that will ho eries (SAB) announ empowerment sc e new th y, outh African Brew gl in v. Accord new R5.4-billion directly in AB InBe eholders ar sh the creation of its e el e, nz m nership sche ll allow SAB Ze wi ow e E m BE d he sc se ba dbroa bili follows to re-invest. li. SAB Zenzele Ka the opportunity e SAB Zenzele Kabi el nz Ze B ich success of the SA arrangement, wh the decade-long R14-billion sing a scheme of ed ili er Ut liv ele de nz Ze ve B ha SA ll proval from scheme, which wi requires 75% ap including SAB a s, st ie ve iar in fic ll ne wi be rs B retaile in value for its rs, shareholders, SA eir SAB retailer shareholde of the value of th % 15 of s Zenzele’s 29 000 ee um oy im pl in m em B es in SAB SA ar er sh d form change for 13 000 current an ele unwind in ex nds in nz wi Ze un the BEE it on en d wh te n lis datio which will be li, c bi ifi Ka ol and the SAB Foun e pr el t nz os Ze m ele shareholders the largest and the JSE. SAB Zenz of t April 2020. This is en h ut gm So se e th the SAB Zenzele transaction in ) on the scheme at broad-based BEE d CG te (FM vo rg on s od go er g in Johannesbu g consum al general meetin African fast-movin which nu e, an m he sc li bi Ka Zenzele industry. The SAB 19 March 2020. older approval, eh ar sh to t ec bj su li remains s of SAB SAB Zenzele Kabi ild on the succes The R5.4-billion a e h lu ug will replace and bu va ro g th tin ra ed fund intention of gene transaction will be ty ui Zenzele with the eq n io ill -m rs. 78 w BEE investo combination of R6 e for existing and ne isting SAB Zenzel ntribution from ex co ty rs ui de eq ol n 00-millio 000 shareh shareholders, R6 d The more than 40 ele will receive nz a new broad-base Ze m B fro SA n in io d ut rib nt co P) n who investe SO (E tio nsac nership plan lue when the tra ployee stock ow ent em stm R9.7-billion in va ve in to re t ec 44-million 2020 and will el nded by SAB, R3 AB fu of d n te io lis unwinds in April ill E-m JS v 11 Foundation, R8 in either AB InBe B e SA lu e va th is by th R2 d e ive an rece sale of thes shares from SAB oceeds from the InBev discounted ck ce share ba shares or cash pr en ed er fe ef t pr r en ea ist -y ns ceived co 973-million of 10 nt shares. SAB has re m SAB. ders that they wa ol eh ar sh e el nz vendor funding fro from SAB Ze e value th of rt pa st ve to re-in the opportunity
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R5.4-billion Kabili will hold bstantial al operations, su ob gl v’s in AB InBe B through cilitation from SA and attractive fa sure po ex es and geared discounted shar 70% at g in nd e vendor fu through attractiv
success “Following the I look of SAB Zenzele, ext forward to the n B Zenzele chapter with SA we have Kabili, I believe l to reached our goa nomic deliver real eco sands of benefits to thou rough South Africans th SAB Zenzele.” -Carnac, director ~ Richard Rivett d acquisitions an of mergers and “ treasury at SAB.
ele Kabili years. SAB Zenz of prime for 10 de their ill be able to tra shareholders w the bili shares from SAB Zenzele Ka ceive re to be entitled outset and will nds de vi di e % of th dividends as 25 after li, bi Ka e el nz Ze received by SAB ating er istrative and op servicing admin Kabili e el nz id to SAB Ze costs, will be pa ar. ye ch ea nd a divide shareholders as ele, ccess of SAB Zenz “Following the su r the next chapte I look forward to ard Kabili,” says Rich e el with SAB Zenz d an rs ge er m rector of Rivett-Carnac, di B. SA at y ur treas acquisitions and reached our goal ve ha we ve lie “I be to onomic benefits to deliver real ec h ug ro th s an uth Afric thousands of So SAB er off to ed cit ex are SAB Zenzele. We ty ni rtu ders the oppo Zenzele sharehol e st in SAB Zenzel ve in d to partner an of s th ng re st on the Kabili and build ing powering qualify em e, el nz SAB Ze ter en en further, as we shareholders ev
