HEINEKEN - Acquisition of Punch Shares by Vine Acquisitions Limited
(Thomson Reuters ONE) -
Amsterdam, 6 February 2017 - HEINEKEN N.V. ('HEINEKEN') announced on 15 December
2016 that Vine Acquisitions Limited had announced ('Offer Announcement') a
recommended cash offer for Punch Taverns plc ('Punch'), and that HEINEKEN
through HEINEKEN UK had agreed a back-to-back deal with Vine Acquisitions
Limited to acquire Punch Securitisation A, comprising approximately 1,900 pubs
across the UK.
Vine Acquisitions Limited announced today that it has acquired an aggregate of
63,310,488 ordinary shares in the capital of Punch at 180 pence per share,
representing in aggregate approximately 28.5 per cent of the existing issued
ordinary share capital of Punch on 3 February 2017 (being the latest practicable
date prior to this announcement).
As described in the Offer Announcement, each of Glenview, Avenue Capital and
Warwick Capital Partners, and the Punch directors who hold or are beneficially
entitled to Punch shares, entered into irrevocable undertakings with Vine
Acquisitions Limited in respect of their entire holdings of Punch shares
immediately prior to the Offer Announcement. The irrevocable undertakings
represent approximately 52.3 per cent of the existing ordinary share capital of
Punch.
A link to the full Vine Acquisitions Limited release can be found at
http://www.londonstockexchange.com/exchange/news/market-news/market-news-
detail/other/13117826.html
Press enquiries
John Clarke
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Michael Fuchs
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Nigel Pollard
E-mail: nigel.pollard(at)heineken.co.uk
Tel: +44 7785 531 756
Investor and analyst enquiries
Sonya Ghobrial
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Marc Kanter / Gabriela Malczynska
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Information relating to HEINEKEN UK and the HEINEKEN Group
HEINEKEN UK
HEINEKEN UK is one of the UK's leading cider and beer producers and the company
behind brands such as Strongbow, Bulmers, Heineken®, Foster's, John Smith's and
Desperados. HEINEKEN UK is the HEINEKEN Group's main operating entity in the UK
and employs around 2,000 people across seven sites in the UK with offices,
breweries and cider production facilities in Edinburgh, Tadcaster, Manchester,
London, Hereford and Ledbury. HEINEKEN UK operates the Star Pubs & Bars business
with a UK-wide estate of 1,049 pubs which has delivered an attractive profit
margin and cash return to HEINEKEN UK.
HEINEKEN UK is a wholly owned indirect subsidiary of HEINEKEN N.V.
HEINEKEN Group
Established in 1864 by the Heineken family, the HEINEKEN Group is one of the
world's leading makers and marketers of quality beers and ciders. Led by the
Heineken® brand, the HEINEKEN Group has a portfolio of more than 250
international, national, local and specialty beers and ciders. The HEINEKEN
Group employs approximately 73,000 people across the world and operates 167
breweries, malteries, cider plants and other production facilities in more than
70 countries. For the 2015 financial year, the HEINEKEN Group reported turnover
of ?20,511 million (2014: ?19,257 million) and net profit of ?1,892 million
(2014: ?1,516 million).
HEINEKEN N.V. is a public company with limited liability incorporated under the
laws of the Netherlands. Its shares are listed on the Euronext Amsterdam.
HEINEKEN Holding N.V. owns 50.005% of the shares in HEINEKEN N.V., Fomento
Económico Mexicano, S.A.B. de C.V. ("FEMSA"), through one of its affiliates, is
a major shareholder of HEINEKEN N.V. and the remaining shares are owned by
public shareholders and includes shares held in treasury. FEMSA is multinational
beverage and retail company headquartered in Monterrey, Mexico and listed on the
Mexican Stock Exchange.
HEINEKEN Holding N.V. was incorporated as a public company with an objective to
manage and supervise the management of the HEINEKEN Group and to safeguard the
continuity, independence and stability of the HEINEKEN Group. HEINEKEN Holding
N.V.'s shares trade on the Euronext Amsterdam. L'Arche Green N.V. owns 51.709%
of the shares of HEINEKEN Holding N.V. L'Arche Green N.V. is owned 88.67% by the
Heineken family and 11.33% by the Hoyer family. FEMSA, through one of its
affiliates, is a major shareholder of HEINEKEN Holding N.V. and the remaining
shares are owned by public shareholders.
Information relating to Patron Capital and Vine Acquisitions
Vine Acquisitions Limited is a newly incorporated company formed at the
direction of Patron Capital. Established in 1999, Patron Capital has invested
approximately ?2.4 billion of capital across several funds and related co-
investments, investing in property, corporate operating entities, credit-related
businesses and debt-related instruments whose value is primarily supported by
property assets. The investors in the Patron funds represent a variety of
prominent universities, major institutions, private foundations and high net
worth individuals located throughout North America, Europe, the Middle East and
Asia. Since inception, the Patron funds have made more than 69 investments in
17 countries and together with its partners have owned and controlled over ?10bn
in gross assets. Patron is based in London with associated offices in Barcelona,
Milan and Luxembourg and a team of over 75 people, with over 42 investment
professionals.
Patron aims to combine an institutional approach to fund management and
reporting, while continuing to embrace an entrepreneurial culture. Patron
favours the backing of management teams and co-investing with its pan-European
network of local partners who are familiar with the local market through joint
venture structures. Many of Patron's private equity investments have backed
existing management teams and achieved significant growth of the investee
businesses and their employee bases.
-Ends-
Please click here for full media release:
http://hugin.info/173433/R/2075955/780689.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heineken NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.02.2017 - 08:25 Uhr
Sprache: Deutsch
News-ID 522060
Anzahl Zeichen: 7304
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"HEINEKEN - Acquisition of Punch Shares by Vine Acquisitions Limited"
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