3
2.2 Related Parties
The Proposed Shareholders’ Mandate will apply to
Recurrent Related Party Transactions with the
following Related Parties (with their principal activities and relationship with the Company detailed
below):
Name of
Related
Parties
Principal Activities
Relationship
GAPL
Investment holding and distribution of
stout in Singapore
Major Shareholder of the Company
Diageo
Group
Worldwide consumer goods company
with businesses in brewing and
marketing of Guinness Foreign Extra
Stout and other brands of beer, spirits
and wines
Diageo was deemed a Major
Shareholder of the Company by virtue
of its indirect shareholding in GAPL.
On 7 October 2015, Diageo sold its
entire interests in GAPL to Heineken
and accordingly ceased to be a related
party to GAB Group.
Heineken
Group
Production and distribution of beer
and stout worldwide
Heineken is deemed a Major
Shareholder of the Company by virtue
of its indirect shareholding in GAPL
The direct and indirect interests of interested Directors and/or Major Shareholders in the Company
as at 9 October 2015 are shown in Section 6 below.
2.3 Nature of Recurrent Related Party Transactions
The Group and the Company are principally engaged in the production, packaging, marketing and
distribution of beverages, primarily alcoholic.
It is envisaged that in the ordinary course of business of the Group, transactions of a revenue or
trading nature between the Group and the Related Parties are likely to occur with some degree of
frequency which are necessary for our day-to-day operations.
All estimated values of the respective Recurrent Related Party Transactions from the date of the
forthcoming AGM to the next AGM are estimated based on the past transactions entered into by
the Group and the Related Parties as well as estimates made based
on management’s projected
sales / businesses, orders and agreements. The actual value of these transactions may vary from
the estimated value disclosed below.
