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The Proposed Shareholders’ Mandate will enable the Group to undertake the following transactions, with the transaction values indicated
as follows:
Related
Parties
Nature of Transactions
Estimated value
as disclosed in
the Circular to
Shareholders
dated
13.10.2010
(RM’000)
Actual value
transacted since
last AGM till
22.9.2011
(RM’000)
Estimated value
from 47th AGM
to the next AGM
(RM’000)
GAPL
1. Sale of beverage products to GAPL
300
–
300
Diageo
Group
1. Purchase of manufacturing and marketing materials
from Diageo Group
22,000
11,898
22,000
2. Purchase of beverage products from Diageo Group
8,000
–
4,000
3. Fees paid/payable to Diageo Group for marketing and
advertising services
3,600
3,242
3,600
4. Royalties paid/payable to Diageo Group for licence to
brew Guinness Foreign Extra Stout, Guinness Draught,
Kilkenny, Malta and Anglia Shandy
7,000
5,704
7,000
5. Sale of beverage products to Diageo Group
20,000
12,905
20,000
APB Group 1. Purchase of manufacturing and marketing materials
from APB Group
100
1
100
2. Purchase of beverage products from APB Group
8,000
–
4,000
3. Royalties paid/payable to APB Group for licence to brew
Tiger Beer, Anchor Smooth and Anchor Strong Beer
18,000
18,315
21,000
4. Fees received/receivable from APB Group for marketing
and advertising services
12,000
8,996
12,000
F&N Group 1. Purchase of manufacturing and marketing materials
from F&N Group
30,000
11,015
(Note 1)
–
2. Purchase of beverage and dairy products from F&N Group
8,000
–
4,000
3. Sale of recyclable glass products to F&N Group
100
–
(Note 1)
–
Heineken
Group
1. Purchase of manufacturing and marketing materials
from Heineken Group
1,000
9,295
(Note 2)
25,000
2. Purchase of beverage products from Heineken Group
8,000
606
2,000
3. Fees paid/payable to Heineken Group for engineering
and technical services
1,500
510
2,000
4. Royalties paid/payable to Heineken Group for licence
to brew Heineken Beer
6,500
2,857
6,500
5. Sale of beverage products to Heineken Group
20,000
–
10,000
6. Fees received/receivable from Heineken Group
for marketing and advertising services
10,000
3,887
6,000
Notes:
1. The transacting party, Malaya Glass Product Sdn Bhd (“MGP”) (a former subsidiary of Fraser and Neave Holdings Berhad which in turn is a subsidiary of F&N) has ceased to be
a related party to GAB Group on 16 July 2010. Pursuant to the Listing Requirements, a related party shall include any person who is or was, within the preceding 6 months of
the date on which the terms of the transaction were agreed upon, a party related to the company or any other corporation which is the subsidiary or holding company of such
related party. The actual value reported herein is for transactions entered into by the Group with MGP for the period from last AGM till 16 January 2011.
2. This transaction has exceeded the estimated value by 10% or more due to the inclusion of transactions with Mouterij Albert N.V. (“MANV”), a subsidiary of Heineken N.V.,
in relation to the purchase of malt. Pursuant to the Listing Requirements, transactions entered into with the same party or parties connected with one another may be
aggregated for the purpose of determining whether a public disclosure is required in the event that the actual value of a related party transaction exceeds the estimated value
disclosed in the mandate by 10% or more. Given that MANV and Heineken Group are parties connected with one another, the transactions with MANV would be aggregated
with that of the Heineken Group as provided in the existing Shareholders’ Mandate. The total actual value transacted with Heineken Group is reported to be within the total
estimated value stipulated in the existing Shareholders’ Mandate and henceforth, no separate announcement to Bursa Securities is required.