HEINEKEN welcomes Punch shareholder approval
(Thomson Reuters ONE) -
Amsterdam, 10 February 2017 - HEINEKEN N.V. ('HEINEKEN') announced on 15
December 2016 that Vine Acquisitions Limited had announced a recommended cash
offer to acquire (the 'Acquisition') the entire issued and to be issued share
capital of Punch Taverns plc ('Punch'), and that HEINEKEN through HEINEKEN UK
had agreed a back-to-back deal with Vine Acquisitions Limited to acquire the
Punch A Group, comprising approximately 1,900 pubs across the UK.
HEINEKEN notes the Punch announcement earlier today and is delighted that Punch
Shareholders voted in favour of the Scheme at the Court Meeting and that the
special resolution proposed at the General Meeting was passed.
The Acquisition remains subject to the satisfaction or (where capable of being
waived) waiver of the other Conditions set out in the Scheme Document, including
the Court sanctioning the Scheme at the Court Hearing. Subject to being approved
by the relevant regulatory authorities, the Acquisition is expected to become
effective by the end of the first half of 2017.
Capitalised terms used but not otherwise defined in this announcement have the
meanings given to them in the scheme document published by Punch on 17 January
2017.
A link to the full Punch Taverns plc announcement can be found here:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-
detail/PUB/13124927.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 was incorporated in England and Wales on 8 December
2016 at the direction of Patron Fund V for the sole purpose of making the
Acquisition. Established in 1999, Patron Capital is a European fund management
group which 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 Patron Capital
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, Patron Capital has made more
than 69 investments in 17 countries and together with its partners have owned
and controlled over ?9bn in gross assets. Patron Capital Advisers is based in
London with associated offices in Barcelona, Milan and Luxembourg and comprising
a team of 76 people, with 43 investment professionals.
Patron Capital aims to combine an institutional approach to fund management and
reporting, while continuing to embrace an entrepreneurial culture. Patron
Capital 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 Capital'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 press release. :
http://hugin.info/173433/R/2077863/781738.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: 10.02.2017 - 17:58 Uhr
Sprache: Deutsch
News-ID 523456
Anzahl Zeichen: 7317
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"HEINEKEN welcomes Punch shareholder approval"
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