Soroban Capital Partners LP
LSE : TTP

November 11, 2015 11:15 ET

Form 8.3 - Anheuser-Busch InBev SA/NV

                                                                           FORM 8.3

               PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY 
        A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

                   Rule 8.3 of the Takeover Code (the "Code")


1.  KEY INFORMATION                                                         
                                                                            
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(a) Full name of discloser:                 Soroban Capital Partners LP     
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(b) Owner or controller of interests and                                    
    short positions disclosed, if                                           
    different from 1(a):                                                    
    The naming of nominee or vehicle                                        
    companies is insufficient. For a                                        
    trust, the trustee(s), settlor and                                      
    beneficiaries must be named.                                            
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(c) Name of offeror/offeree in relation to  Anheuser-Busch InBev SA/NV      
    whose relevant securities this form                                     
    relates:                                                                
    Use a separate form for each                                            
    offeror/offeree                                                         
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(d) If an exempt fund manager connected     N/A                             
    with an offeror/offeree, state this                                     
    and specify identity of                                                 
    offeror/offeree:                                                        
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(e) Date position held/dealing undertaken:  November 10, 2015               
    For an opening position disclosure,                                     
    state the latest practicable date                                       
    prior to the disclosure                                                 
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(f) In addition to the company in 1(c)      NO                              
    above, is the discloser making                                          
    disclosures in respect of any other                                     
    party to the offer?                                                     
    If it is a cash offer or possible cash                                  
    offer, state "N/A"                                                      
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2.  POSITIONS OF THE PERSON MAKING THE DISCLOSURE                           


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(c), 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)


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Class of relevant security:                    Ordinary Shares              
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                                       Interests          Short positions   
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                                    Number         %        Number       %  
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(1)  Relevant securities owned     9,101,247     0.57%                      
     and/or controlled:                                                     
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(2)  Cash-settled derivatives:                                              
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(3)  Stock-settled derivatives     7,560,000     0.47%                      
     (including options) and                                                
     agreements to                                                          
     purchase/sell:                                                         
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                                  16,661,247     1.04%                      
     TOTAL:                                                                 
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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)


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Class of relevant security in relation     N/A                                 
to which subscription right exists:                                                         
                                            
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Details, including nature of the           N/A                                 
rights concerned and relevant percentages:                                                                 
                                         
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3.  DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE                   


Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 
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                                                     
                                                                            
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Class of relevant  Purchase/sale      Number of          Price per unit     
security                              securities                            
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ADR's              Purchased          70,400             $117.3583          
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(b) Cash-settled derivative transactions                                    
                                                                            
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  Class of     Product        Nature of dealing       Number of   Price per 
  relevant   description   e.g. opening/closing a     reference     unit    
  security    e.g. CFD      long/short position,      securities             
                            increasing/reducing a                           
                             long/short position                            
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(c) Stock-settled derivative transactions (including options)               
                                                                            
(i) Writing, selling, purchasing or varying                                 
                                                                                               
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    Class      Product     Writing,     Number     Exercise      Type      Expiry     Option   
     of      description purchasing,      of         price       e.g.       date       money   
  relevant    e.g. call    selling,   securities   per unit    American,               paid/   
  security     option    varying etc.  to which                European              received  
                                        option                   etc.                per unit  
                                        relates                                                
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(ii) Exercise                                                               
                                                                                
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    Class of         Product       Exercising/      Number of    Exercise price 
    relevant       description      exercised      securities       per unit    
    security    e.g. call option     against                                    
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(d) Other dealings (including subscribing for new securities)               
                                                                            
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 Class of relevant  Nature of dealing       Details       Price per unit (if
      security      e.g. subscription,                       applicable)    
                        conversion                                          
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4.  OTHER INFORMATION                                                       
                                                                            
(a) Indemnity and other dealing arrangements                                
                                                                            
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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 person 
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"  
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None                                                                        
                                                                            
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(b) Agreements, arrangements or understandings relating to options or       
derivatives                                                                 
                                                                            
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Details of any agreement, arrangement or understanding, formal or informal, 
between the person 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"                                                                      
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None                                                                        
                                                                            
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(c) Attachments                                                             
                                                                            
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Is a Supplemental Form 8 (Open Positions) attached?            YES          
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Date of disclosure:                   November 11, 2015                     
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Contact name:                         Steve Niditch                         
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Telephone number:                     1-212-314-1346                        
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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 monitoring@disclosure.org.uk. 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 www.thetakeoverpanel.org.uk.


                                                        SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

        DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, 
                            AGREEMENTS TO PURCHASE OR SELL ETC.

                 Note 5(i) on Rule 8 of the Takeover Code (the "Code")


1.  KEY INFORMATION                                                         
                                                                            
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Full name of person making disclosure:  Soroban Capital Partners LP         
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Name of offeror/offeree in relation to  Anheuser-Busch InBev SA/NV          
whose relevant securities the                                               
disclosure relates:                                                         
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2.  STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)                           
                                                                                    
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Class of       Product   Written or   Number of   Exercise      Type       Expiry   
relevant     description  purchased  securities     price       e.g.        date    
security      e.g. call               to which    per unit    American,             
               option                 option or               European              
                                     derivative                 etc.                
                                       relates                                      
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Ordinary     Call Option  Purchased   1,600,000    $125.00    American    November  
Shares                                                                    20, 2015  
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Ordinary     Call Option  Purchased    500,000     $135.00    American     January  
Shares                                                                    15, 2016  
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Ordinary     Call Option  Purchased   3,000,000    $150.00    American     January  
Shares                                                                    15, 2016  
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Ordinary     Call Option  Purchased   1,000,000    $170.00    American     January  
Shares                                                                    15, 2016  
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Ordinary     Call Option  Purchased   1,460,000    $180.00    American     January  
Shares                                                                    20, 2017  
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3.  AGREEMENTS TO PURCHASE OR SELL ETC.                                     
                                                                            
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Full details should be given so that the nature of the interest or position 
can be fully understood:                                                    
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It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

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

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 www.thetakeoverpanel.org.uk.

Contact Information

  • Soroban Capital Partners LP