19 February 2013

Thai Beverages 18 Feb 2013 News - Mandatory cash offer for Fraser & Neave closes

Bangkok, Thailand, 18 February 2013 – Thai Beverage Public Company Limited (“ThaiBev” or the “Group”), notes Mandatory cash offer for Fraser & Neave closes that, as announced for and on behalf of TCC Assets Limited ("TCC Assets"), the mandatory cash offer (the "F&N Offer") for Fraser & Neave Limited ("F&N") has closed as of 5.30pm (Singapore time) on 18 February 2013 (the “Closing Date”).
Accordingly the F&N Offer is no longer open for acceptance and any acceptance received thereafter will be rejected. Resultant shareholding as at 5.30 p.m. (Singapore time) on the Closing Date, the total number of (i) F&N Shares owned, controlled or agreed to be acquired by TCC Assets and parties acting in concert with it, and (ii) valid acceptances to the F&N Offer, amount to an aggregate of  1,301,980,326 F&N Shares, representing approximately  90.32% of the issued share capital of F&N.

As at 5.30pm on the Closing Date, ThaiBev holds, through its wholly-owned subsidiary, Interbev Investment
Limited, 412,423,822 F&N Shares, representing approximately 28.61% of the issued share capital of F&N.
Mr. Thapana Sirivadhanabhakdi, President and Chief Executive Officer of ThaiBev said, “ThaiBev  is very
pleased with the outcome of the offer and the high level of acceptances gained from shareholders. We look forward to working with TCC Assets in  developing a  constructive  long-term relationship with F&N  management and employees and will explore all options in an effort to enhance value.”

This press release should be read in conjunction with the announcement for and on behalf of TCC Assets
issued on 18 February 2013 regarding the close of the F&N Offer.

Source: http://thaibev.listedcompany.com/newsroom/20130219_081857_Y92_FE2D8637472D027E48257B1600601C25.1.pdf

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

View All My Posts Here