Close of the partial tender offer for shares in Sichuan Shuijingfang Company Limited

4 Apr 2019 | Press release

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Subsequent to the announcements made on 26 February 2019 and 28 February 2019, the offer period for the partial tender offer made by Diageo, through its wholly owned subsidiary Grand Metropolitan International Holdings Limited (“GMIHL”), to increase its aggregate equity stake in Sichuan Shuijingfang Company Limited (“SJF”) from 60.0% to up to a maximum of 70.0% (the “PTO”) closed on 3 April 2019.

According to the information available to Diageo today, a total of 15,341,956 shares, representing approximately 3.14% of the issued share capital of SJF, have been tendered for acceptance under the PTO. Given that the number of shares tendered is less than the 48,854,570 maximum number of shares that are subject to the PTO, GMIHL will purchase all of the shares that have been tendered by the shareholders of SJF.

Settlement of the PTO is expected to take place on 9 April 2019. On completion of the PTO, Diageo’s aggregate equity stake in SJF will be approximately 63.14%. SJF will continue to meet the minimum public float requirement of the Shanghai Stock Exchange and its listing status will not be affected.

Further details on settlement are available in the Chinese language on the website of the Shanghai Stock Exchange (