AB InBev Announces Timetable And Next Steps In Combination With Sabmiller

(RTTNews) - Anheuser-Busch InBev SA/NV or AB InBev (BUD, AHBIF.PK) announced that, following satisfaction of the pre-conditions to its recommended business combination with SABMiller plc (SBMRY.PK, SAB.L) as announced on 29 July 2016, AB InBev and SABMiller have agreed an expected timetable for the implementation of the combination.

The expected timetable envisages publication of the UK scheme document as well as the other key transaction documents on 26 August 2016, shareholder meetings of AB InBev and SABMiller being held on 28 September 2016 and completion of the combination on 10 October 2016.

Completion of the combination remains subject to a number of conditions including approval of AB InBev and SABMiller shareholders.

AB InBev intends that on 2 August 2016 it will file with the Brussels commercial registry a document relating to the Belgian merger of AB InBev into Newbelco SA/NV.

The subsequent step of the implementation process is a hearing of the UK Court as part of the UK scheme of arrangement. At the UK Scheme Directions Hearing SABMiller will determine with the UK Court whether, for the purposes of voting at the UK Scheme Court Meeting, Altria and/or BEVCO should be treated as one class along with all the other SABMiller shareholders or as part of a separate class or classes. SABMiller has stated its intention to ask the UK Court to treat Altria and BEVCO as a separate class.

The UK Scheme Directions Hearing is expected to take place on 22 August 2016.