Soroban Capital Partners LP
LSE : TTP

November 26, 2015 11:22 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 with   N/A                         
     an offeror/offeree, state this and                                     
     specify identity of offeror/offeree:                                   
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(e)  Date position held/dealing undertaken:     November 25, 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) above,  NO                          
     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 
                                    ----------------------------------------
                                        Number         %     Number     %   
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(1) Relevant securities ownedand/or   10,324,247     0.64%                  
    controlled:                                                             
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(2) Cash-settled derivatives:                                               
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(3) Stock-settled                      5,960,000     0.37%                  
    derivatives(including options)                                          
    and agreements to purchase/sell:                                        
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                                      16,284,247     1.01%                  
    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 towhich            N/A               
subscription right exists:                                                  
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Details, including nature of the rightsconcerned and      N/A               
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               Sale             377,000           $128.9306     
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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 26, 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         
whoserelevant 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