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ANHEUSER-BUSCH INBEV SA/NV - Offer price and allotment results of the IPO of Budweiser APAC on the Hong Kong Stock Exchange

Release Date: 27/09/2019 08:02
Code(s): ANH     PDF:  
 
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Offer price and allotment results of the IPO of Budweiser APAC on the Hong Kong Stock Exchange

Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
(“AB InBev” or the “Company”)


      Not for publication, distribution or release, directly or indirectly, in or into any jurisdiction in which such
      publication, distribution or release would be prohibited by applicable laws.

      The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of
      1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration
      or an exemption from registration under the Securities Act.

        Anheuser-Busch InBev Announces Offer
         Price and Allotment Results of the Initial
        Public Offering of Budweiser APAC on the
               Hong Kong Stock Exchange
      
      27 September 2019 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH)
      (“AB InBev”) today announced that the allotment results for the initial public offering (“IPO”) of a minority stake
      of its Asia Pacific subsidiary, Budweiser Brewing Company APAC Limited (“Budweiser APAC”) on the Main
      Board of The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) have been determined.
      Budweiser APAC has partially exercised an offer size adjustment option increasing the offering from an initial
      1,262,350,000 shares to a total of 1,451,704,000 shares to cover market demand. The offer price has been
      determined at 27.00 HKD per offer share.


      The shares initially offered under the Hong Kong public offering of Budweiser APAC have been over-
      subscribed. The final number of offer shares under the Hong Kong public offering is 72,586,000 offer shares,
      representing approximately 5% of the total number of the offer shares finally available under the IPO (taking
      into account of the partial exercise of the offer size adjustment option and before any exercise of the over-
      allotment option).
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      The shares initially offered under the international offering of Budweiser APAC have been over-subscribed.
      The final number of offer shares allocated to the placees under the international offering is 1,379,118,000 offer
      shares, representing approximately 95% of the total number of offer shares finally available under the IPO
      (taking into account of the partial exercise of the offer size adjustment option and before any exercise of the
      over-allotment option).

      Pursuant to the cornerstone investment agreement with GIC Private Limited (“GIC”), the number of offer shares
      subscribed for by GIC has now been determined as 290,344,400 offer shares, being approximately 20.00% of
      the offer shares finally available under the IPO and 2.23% of the total issued share capital immediately
      following the completion of the IPO (taking into account of the partial exercise of the offer size adjustment
      option and before any exercise of the over-allotment option).

      Budweiser APAC will commence dealings on the Hong Kong Stock Exchange at 9:00am HKT on 30
      September 2019 under the stock code 1876.

      AB InBev estimates the net proceeds of this offering to be approximately 38.2 billion HKD (approximately 4.9
      billion USD), prior to any exercise of the over-allotment option. If the over-allotment option is exercised in full,
      AB InBev estimates the additional net proceeds would be approximately 5.8 billion HKD (approximately 739
      million USD). AB InBev intends to apply all of the net proceeds from the offering to repay debt.

      Budweiser APAC will have a mutually beneficial relationship with AB InBev, operating under AB InBev’s world-
      class corporate governance standards and benefiting from access to a portfolio of global and multi-country
      brands. AB InBev will control a majority ownership of Budweiser APAC. If the over-allotment option is not
      exercised at all, AB InBev will control 88.86% as at the end of the exercise period. If the over-allotment option
      is exercised in full, AB InBev will control 87.22% as at the end of the exercise period.

      Jan Craps, Executive Director and Chief Executive Officer, Budweiser APAC, said, “On behalf of Budweiser
      APAC, I would like to express gratitude to investors for their recognition and support as we enter an exciting
      new phase as an APAC champion. We look forward to the successful listing of Budweiser APAC and future
      opportunities to expand in Asia Pacific by strengthening our local identity and further enhancing our
      connectivity with stakeholders across the region, as we create long-term value for our shareholders.”
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      About Anheuser-Busch InBev

      Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico
      (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange
      (NYSE: BUD). Our Dream is to bring people together for a better world. Beer, the original social network, has been bringing people
      together for thousands of years. We are committed to building great brands that stand the test of time and to brewing the best beers using
      the finest natural ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona® and Stella
      Artois®; multi-country brands Beck’s®, Castle®, Castle Lite®, Hoegaarden® and Leffe®; and local champions such as Aguila®,
      Antarctica®, Bud Light®, Brahma®, Cass®, Cristal®, Harbin®, Jupiler®, Michelob Ultra®, Modelo Especial®, Quilmes®, Victoria®,
      Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European
      roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the
      creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically
      diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 175,000
      employees based in nearly 50 countries worldwide. For 2018, AB InBev’s reported revenue was 54.6 billion USD (excluding JVs and
      associates).


      Forward Looking Statements

      This release contains “forward-looking statements”. These statements are based on the current expectations and views of future events
      and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances. The forward-
      looking statements contained in this release include, among other things, statements relating to AB InBev’s potential listing of its
      subsidiary, Budweiser Brewing Company APAC Limited (“Budweiser APAC”), on the Hong Kong Stock Exchange and other statements
      other than historical facts. Forward-looking statements include statements typically containing words such as “will”, “may”, “should”,
      “believe”, “intends”, “expects”, “anticipates”, “targets”, “estimates”, “likely”, “foresees” and words of similar import. All statements other
      than statements of historical facts are forward-looking statements. You should not place undue reliance on these forward-looking
      statements, which reflect the current views of the management of AB InBev, are subject to numerous risks and uncertainties about AB
      InBev and are dependent on many factors, some of which are outside of AB InBev’s control. There are important factors, risks and
      uncertainties that could cause actual outcomes and results to be materially different, including the potential listing of Budweiser APAC,
      the risks and uncertainties relating to AB InBev described under Item 3.D of AB InBev’s Annual Report on Form 20-F (“Form 20-F”) filed
      with the US Securities and Exchange Commission (“SEC”) on 22 March 2019. Other unknown or unpredictable factors could cause actual
      results to differ materially from those in the forward-looking statements.

      The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including
      AB InBev’s most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that AB InBev has made public.
      Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements and there can
      be no assurance that the actual results or developments anticipated by AB InBev will be realized or, even if substantially realized, that
      they will have the expected consequences to, or effects on, AB InBev or its business or operations. Except as required by law, AB InBev
      undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events
      or otherwise.

      ANHEUSER-BUSCH INBEV CONTACTS

      Investors                                                                 Media
      Lauren Abbott                                                             Pablo Jimenez
      Tel: +1 212 573 9287                                                      Tel: +1 212 284 0158
      E-mail: lauren.abbott@ab-inbev.com                                        E-mail: pablo.jimenez@ab-inbev.com

      Mariusz Jamka                                                             Ingvild Van Lysebetten
      Tel: +32 16 276 888                                                       Tel: +32 16 276 608
      E-mail: mariusz.jamka@ab-inbev.com                                        E-mail: Ingvild.vanlysebetten@ab-inbev.com

      Jency John                                                                Fallon Buckelew
      Tel: +1 646 746 9673                                                      Tel: +1 310 592 6319
      E-mail: jency.john@ab-inbev.com                                           E-mail: fallon.buckelew@ab-inbev.com

      27 September 2019
      JSE Sponsor: Questco Corporate Advisory Proprietary Limited



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Date: 27/09/2019 08:02:00
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