Soroban Capital Partners LP
LSE : TTP

April 11, 2016 11:01 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                      Anheuser-Busch InBev SA/NV    
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 an                       N/A                           
offeror/offeree, state this and specify identity of                                                 
offeror/offeree:                                                                                    
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(e) Date position held/dealing undertaken:                            April 8, 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                  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"                                           
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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) 


Class of relevant security:                                    Ordinary Shares                      
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                                              Interests                  Short positions            
                                        ------------------------------------------------------------
                                               Number           %           Number            %    
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(1) Relevant securities owned                  7,200,273        0.45%                              
and/or controlled:                                                                                  
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(2) Cash-settled derivatives:                                                                       
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(3) Stock-settled derivatives                 21,497,500        1.34%                              
(including options) and                                                                            
agreements to purchase/sell:                                                                       
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TOTAL:                                        28,697,773        1.78%                              
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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                             N/A                           
which subscription right exists:                                                                    
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Details, including nature of the rights                               N/A                           
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 per   e.g.      date     money  
    relevant     e.g. call       selling,         securities     unit   American,            paid/  
    security      option       varying etc.        to which             European           received 
                                                    option                etc.             per unit 
                                                   relates                                          
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     ADR's      Call Option      Purchase          150,000     $140.00  American 9/16/2016  $1.8804 
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     ADR's      Call Option      Purchase          150,000     $145.00  American 9/16/2016  $1.4804 
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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)         YES                                               
attached?                                                                                           
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Date of disclosure:                               April 11, 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 whoserelevant securities the   Anheuser-Busch InBev SA/NV    
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       600,000        $130.00    American  May 20, 2016   
Shares                                                                                              
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Ordinary        Call Option      Purchased      1,350,000       $135.00    American  May 20, 2016   
Shares                                                                                              
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Ordinary        Call Option      Purchased      3,037,500       $130.00    American  June 17, 2016  
Shares                                                                                              
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Ordinary        Call Option      Purchased      2,250,000       $135.00    American  June 17, 2016  
Shares                                                                                              
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Ordinary        Call Option      Purchased      1,000,000       $135.00    American  September 16,  
Shares                                                                               2016           
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Ordinary        Call Option      Purchased      3,000,000       $140.00    American  September 16,  
Shares                                                                               2016           
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Ordinary        Call Option      Purchased      1,500,000       $150.00    American  September 16,  
Shares                                                                               2016           
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Ordinary        Call Option      Purchased       750,000        $145.00    American  January 20,    
Shares                                                                               2017           
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Ordinary        Call Option      Purchased      2,000,000       $150.00    American  January 20,    
Shares                                                                               2017           
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Ordinary        Call Option      Purchased       250,000        $155.00    American  January 20,    
Shares                                                                               2017           
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Ordinary        Call Option      Purchased      1,460,000       $180.00    American  January 20,    
Shares                                                                               2017           
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Ordinary        Call Option      Purchased      1,000,000       $160.00    American  January 19,    
Shares                                                                               2018           
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Ordinary        Call Option     Purchased       1,000,000       $165.00   American  January 19,   
Shares                                                                               2018   
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Ordinary        Call Option     Purchased       2,000,000       $170.00   American  January 19,
Shares                                                                               2018   
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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