Soroban Capital Partners LP
LSE : TTP

November 23, 2015 12:19 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.                                           
(c)  Name of offeror/offeree in relation  Anheuser-Busch InBev SA/NV         
     to 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           November 20, 2015                  
     undertaken:                                                            
     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    10,701,247 0.67%                
    and/or controlled:                                         
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(2) Cash-settled derivatives:                                  
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(3) Stock-settled derivatives    5,960,000  0.37%                
    (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         N/A                                   
relation 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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(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        against                                  
                    option                                                  
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     ADR's       Call Option     Exercising      1,600,000      $125.0000   
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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 23, 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    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