Soroban Capital Partners LP
LSE : TTP

January 05, 2016 10:55 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 

------------------------------------------------------------------------------------------ 
(a) Full name of discloser:                                     Soroban Capital Partners  
                                                                LP                        
------------------------------------------------------------------------------------------
(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 to whose                Anheuser-Busch InBev SA/NV
    relevant securities this form relates:                                                
    Use a separate form for each offeror/offeree                                          
------------------------------------------------------------------------------------------
(d) If an exempt fund manager connected with an                 N/A                       
    offeror/offeree, state this and specify identity of                                   
    offeror/offeree:                                                                      
------------------------------------------------------------------------------------------
(e) Date position held/dealing undertaken:                      January 4, 2016           
    For an opening position disclosure, state the latest                                  
    practicable date prior to the disclosure                                              
------------------------------------------------------------------------------------------
(f) In addition to the company in 1(c) above, is the            NO                        
    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"                             
------------------------------------------------------------------------------------------

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)

----------------------------------------------------------------------------------------------------
Class of relevant security:                                Ordinary Shares                          
----------------------------------------------------------------------------------------------------
                                                                                                    
                                               Interests                       Short positions      
                                  ------------------------------------------------------------------
                                         Number                 %           Number         %
----------------------------------------------------------------------------------------------------
(1)  Relevant securities owned         11,001,666           0.68%                          
     and/or controlled:                                                                             
----------------------------------------------------------------------------------------------------
(2)  Cash-settled derivatives:                                                                      
----------------------------------------------------------------------------------------------------
(3)  Stock-settled derivatives         5,960,000            0.37%                          
     (including options) and                                                                        
     agreements to purchase/sell:                                                                   
----------------------------------------------------------------------------------------------------
     TOTAL:                           16,961,666            1.05%                                    
----------------------------------------------------------------------------------------------------

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)

----------------------------------------------------------------------------------------
Class of relevant security in relation to          N/A                                          
which subscription right exists:                                                        
----------------------------------------------------------------------------------------
Details, including nature of the rights            N/A                                          
concerned and relevant percentages:                                                     
----------------------------------------------------------------------------------------

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 
                                                                                      
------------------------------------------------------------------------------------------
       Class of relevant          Purchase/sale         Number of        Price per unit   
           security                                    securities                         
------------------------------------------------------------------------------------------
             ADR'S                  Purchase             72,000             $121.9356     
------------------------------------------------------------------------------------------

(b) Cash-settled derivative transactions
                                                                                        
------------------------------------------------------------------------------------------
      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                           
------------------------------------------------------------------------------------------
                                                                                          
------------------------------------------------------------------------------------------

(c) Stock-settled derivative transactions (including options) 

(i) Writing, selling, purchasing or varying                                                
                                                                                          
------------------------------------------------------------------------------------------
  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                                             
------------------------------------------------------------------------------------------
                                                                                          
------------------------------------------------------------------------------------------

(ii) Exercise
                                                                                         
------------------------------------------------------------------------------------------
      Class of              Product          Exercising/       Number of    Exercise price
      relevant            description         exercised        securities      per unit   
      security         e.g. call option        against                                    
------------------------------------------------------------------------------------------
                                                                                          
------------------------------------------------------------------------------------------

(d) Other dealings (including subscribing for new securities) 
                                                                                          
------------------------------------------------------------------------------------------
    Class of relevant        Nature of dealing           Details       Price per unit (if 
         security            e.g. subscription,                            applicable)    
                                 conversion                                               
------------------------------------------------------------------------------------------
                                                                                          
------------------------------------------------------------------------------------------

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

------------------------------------------------------------------------------------------
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"
------------------------------------------------------------------------------------------
None
------------------------------------------------------------------------------------------

(b) Agreements, arrangements or understandings relating to options or derivatives

------------------------------------------------------------------------------------------
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"
------------------------------------------------------------------------------------------
None
------------------------------------------------------------------------------------------

(c) Attachments

------------------------------------------------------------------------
                                                                     
Is a Supplemental Form 8 (Open Positions)                            YES
attached?                                                            
------------------------------------------------------------------------
                                                                                        
------------------------------------------------------------------------------------------
Date of disclosure:                January 5, 2016                                                     
------------------------------------------------------------------------------------------
Contact name:                      Steve Niditch                                                       
------------------------------------------------------------------------------------------
Telephone number:                  1-212-314-1346                                                      
------------------------------------------------------------------------------------------

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
                                                                                         
------------------------------------------------------------------------------------------
Full name of person making disclosure:       Soroban Capital Partners LP                     
------------------------------------------------------------------------------------------
Name of offeror/offeree in relation to       Anheuser-Busch InBev SA/NV                      
whose relevant securities the disclosure                                                  
relates:                                                                                  
------------------------------------------------------------------------------------------

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) 

------------------------------------------------------------------------------------------
 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                                           
------------------------------------------------------------------------------------------
 Ordinary  Call Option    Purchased     500,000    $135.00     American        January    
  Shares                                                                      15, 2016    
------------------------------------------------------------------------------------------
 Ordinary  Call Option    Purchased    3,000,000   $150.00     American        January    
  Shares                                                                      15, 2016    
------------------------------------------------------------------------------------------
 Ordinary  Call Option    Purchased    1,000,000   $170.00     American        January    
  Shares                                                                      15, 2016    
------------------------------------------------------------------------------------------
 Ordinary  Call Option    Purchased    1,460,000   $180.00     American        January    
  Shares                                                                      20, 2017    
------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------

3. AGREEMENTS TO PURCHASE OR SELL ETC.

------------------------------------------------------------------------------------------
Full details should be given so that the nature of the interest or position can be fully 
understood:
------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------

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