Soroban Capital Partners LP
LSE : TTP

September 20, 2016 10:18 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    Anheuser-Busch InBev SA/NV
this form relates:                                                                                
Use a separate form for each offeror/offeree                                                      
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(d) If an exempt fund manager connected with an offeror/offeree,        N/A
state this and specify identity of offeror/offeree:                                                 
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(e) Date position held/dealing undertaken:                              September 19, 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:                  8,082,861  0.50%                  
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(2) Cash-settled derivatives:                                                                       
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(3) Stock-settled derivatives (including options) and agreements                                    
to purchase/sell:                                                14,060,000  0.87%                  
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TOTAL:                                                           22,142,861  1.38%                  
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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                 N/A                                 
subscription right exists:                                                                          
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Details, including nature of the rights concerned               N/A                               
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                                                                              
         security               Purchase/sale         Number of securities        Price per unit    
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b.  Cash-settled derivative transactions 

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   Class of relevant        Product        Nature of dealing       Number of        Price per unit  
      security           description    e.g. opening/closing  reference securities                    
                          e.g. CFD          a 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 money
 relevant  description  purchasing,   securities to  price per      e.g.        date       paid/    
 security   e.g. call     selling,     which option    unit      American,              received per
             option     varying etc.     relates               European etc.                unit    
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   ADR's   Call Option    Purchase       300,000      $130.00     American     October    $1.2878   
                                                                              21, 2016              
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   ADR's   Call Option    Purchase       300,000      $135.00     American    December    $1.5383   
                                                                              16, 2016              
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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:                               September 20, 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 price     Type       Expiry date 
   relevant     description    purchased    securities to    per unit        e.g.                   
   security      e.g. call                 which option or                 American,                
                  option                     derivative                  European etc.              
                                               relates                                              
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   Ordinary                                                                            December 16, 
    Shares      Call Option    Purchased      1,000,000       $155.00      American        2016     
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   Ordinary                                                                             January 20, 
    Shares      Call Option    Purchased       750,000        $145.00      American        2017     
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   Ordinary                                                                             January 20, 
    Shares      Call Option    Purchased      2,500,000       $150.00      American        2017     
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   Ordinary                                                                             January 20, 
    Shares      Call Option    Purchased       250,000        $155.00      American        2017     
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   Ordinary                                                                             January 20, 
    Shares      Call Option    Purchased      1,500,000       $160.00      American        2017     
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   Ordinary                                                                             January 20, 
    Shares      Call Option    Purchased      1,460,000       $180.00      American        2017     
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   Ordinary                                                                             January 19, 
    Shares      Call Option    Purchased      1,500,000       $160.00      American        2018     
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   Ordinary                                                                             January 19, 
    Shares      Call Option    Purchased      1,500,000       $165.00      American        2018     
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   Ordinary                                                                             January 19, 
    Shares      Call Option    Purchased      3,000,000       $170.00      American        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