Heineken Acquired 73% of D&G

Desnoes & Geddes Limited (DG) has advised that it was advised on October 7, 2015 that Heineken acquired a controlling stake in DG by acquiring the entire issued share capital of Udiam Holdings AB a subsidiary of Diageo plc for the sum of US$420,990,826. Udiam owns 1,625,549,827 shares in DG which constitutes approximately 57.8% of the issued share capital of DG. Prior to the acquisition by Heineken, another subsidiary of Heineken owned 434,033,141 DG shares which constitutes approximately 15.45% of the share capital of DG. Following the acquisition, Heineken indirectly owns 2,059,610,670 shares which constitute approximately 73.32% of the share capital of DG.