HEINEKEN : initiates Tender Offer for 100% of the issued shares of Desnoes & Geddes Limited ("D&G")

06-11-2015 | 20:26

Amsterdam, [6] November 2015 - Heineken N.V. has today announced that it is initiating a tender offer ('Offer') to purchase for cash all outstanding ordinary shares of D&G, which are not currently owned by a member of the Heineken group (the 'D&G Shares'). This follows the announcement on 7 October 2015 following the acquisition of a further 57.9% shareholding in the company, taking Heineken group's holding to 73.3%.

The Offer will be made via Heineken Sweden AB, an indirect wholly-owned subsidiary of Heineken. The Offer will open on [6] November 2015 and will expire on [22] December 2015 at 5.00 p.m. (Jamaica time) or on such later date to which the Offer is extended. The offer price is US$0.259 for each D&G Share. The offer p
Price is the same price per D&G Share as Heineken paid for the additional 57.9% shareholding on the 7 October 2015.

The offer circular will be available on the website of the Jamaican Stock Exchange.

Important note

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares in D&G or any other security. The offer circular and the terms and conditions contained therein will have sole relevance in respect of the Offer. Investors and shareholders of D&G are advised to read the relevant documents regarding the Offer because they contain important information.

Editorial information:

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a powerful portfolio of more than 250 international, regional, local and specialty beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through 'Brewing a Better World', sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ approximately 81,000 people and operate more than 160 breweries in 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programs: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN's website: www.theHEINEKENcompany.com and follow us via @HEINEKENCorp.