Soroban Capital Partners LP
LSE : TTP

August 02, 2016 10:06 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 whose relevant securities this   Anheuser-Busch InBev   
form relates:                                                               SA/NV                  
Use a separate form for each offeror/offeree                                                        
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(d) If an exempt fund manager connected with an offeror/offeree, state      N/A                    
this and specify identity of offeror/offeree:                                                      
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(e) Date position held/dealing undertaken:                                  August 1, 2016         
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) above, is the discloser making       SABMiller plc          
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      
                                                                    --------------- ----------------
                                                                                  %      Number  %  
                                                                      Number                        
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(1) Relevant securities owned and/or controlled:                                                
                                                                      7,660,165 0.48%               
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(2) Cash-settled derivatives:                                                                     
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(3) Stock-settled derivatives (including options) and agreements                                
to purchase/sell:                                                     19,260,0001.20%               
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TOTAL:                                                                26,920,1651.67%               
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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 to which subscription right exists:  N/A                    
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Details, including nature of the rights concerned and relevant percentages: N/A                    
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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                                                                              
         security              Purchase/sale          Number of securities       Price per unit     
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          ADR's                    Purchase                 156,700                 $126.8060      
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          ADR's                    Purchase                 12,900                  $126.0990       
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          ADR's                    Purchase                 12,077                  $125.8428       
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b.  Cash-settled derivative transactions 

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    Class of relevant      Product        Nature of dealing      Number of reference     Price per  
       security         description    e.g. opening/closing a        securities            unit     
                          e.g. CFD      long/short position,                                        
                                       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  of     Product      Writing,    Number of     Exercise      Type       Expiry     Option  
   relevant   description  purchasing, securities to  price per       e.g.       date    money paid/
   security    e.g. call     selling,   which option     unit      American,            received per
                 option    varying etc.   relates                European etc.              unit    
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ii. Exercise 

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  Class of relevant  Product description     Exercising/    Number of securities Exercise price per 
      security        e.g. call option    exercised against                             unit        
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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:                               August 2, 2016                                    
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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 whose                       Anheuser-Busch InBev SA/NV       
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      1,000,000      $135.00   American       September      
Shares                                                                               16, 2016       
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Ordinary       Call Option    Purchased      3,650,000      $140.00   American       September      
Shares                                                                               16, 2016       
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Ordinary       Call Option    Purchased      1,150,000      $145.00   American       September      
Shares                                                                               16, 2016       
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Ordinary       Call Option    Purchased      1,500,000      $150.00   American       September      
Shares                                                                               16, 2016       
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Ordinary       Call Option    Purchased      1,000,000      $155.00   American       December       
Shares                                                                               16, 2016       
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Ordinary       Call Option    Purchased      750,000        $145.00   American       January        
Shares                                                                               20, 2017       
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Ordinary       Call Option    Purchased      2,000,000      $150.00   American       January        
Shares                                                                               20, 2017       
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Ordinary       Call Option    Purchased      250,000        $155.00   American       January        
Shares                                                                               20, 2017       
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Ordinary       Call Option    Purchased      1,500,000      $160.00   American       January        
Shares                                                                               20, 2017       
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Ordinary       Call Option    Purchased      1,460,000      $180.00   American       January        
Shares                                                                               20, 2017       
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Ordinary       Call Option    Purchased      1,000,000      $160.00   American       January        
Shares                                                                               19, 2018       
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Ordinary       Call Option    Purchased      1,000,000      $165.00   American       January        
Shares                                                                               19, 2018       
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Ordinary       Call Option    Purchased      3,000,000      $170.00   American       January        
Shares                                                                               19, 2018
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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