Quilmes Industrial -Quinsa- S.A. Announces Share Conversions.Business Editors LUXEMBOURG--(BUSINESS WIRE)--Aug. 6, 2003 Quilmes Industrial (Quinsa) S.A. (NYSE NYSE See: New York Stock Exchange :LQU) ("Quinsa" or the "Company") today announced that as provided for by article 5 "Share Capital" of the articles of incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. , Class A Shareholders have converted in aggregate 10,515,340 Class A shares into 1,051,534 new Class B shares and partly opted for the issuance of new ADRs. As a result of this restructuring, the total number of shares has been reduced from 717,395,959 to 707,932,153 represented by 637,103,500 Class A Shares and 70,828,653 Class B shares. A legal notice has been filed with the Chief Registrar of the Luxembourg Register of Commerce. ABOUT QUINSA Quinsa is a Luxembourg-based holding company which controls 85 percent of Quilmes International (Bermuda) ("QIB QIB Qualified Institutional Buyer "). The remaining 15 percent share had been owned, by Heineken International Beheer B.V. ("Heineken") until it sold its participation in QIB in January 2003. Their former stake is now held by Beverage Associates (BAC BAC abbr. blood alcohol concentration ) Corp. ("BAC") and by Companhia de Bebidas das Americas - AmBev ("AmBev"). BAC and AmBev hold 6.4% and 8.6% of QIB's shares, respectively. Quinsa, through QIB, controls beverage and malting businesses in five Latin American countries. Its beer brands are market leaders in Argentina, Bolivia, Paraguay and Uruguay and have a presence in Chile. Further, pursuant to the Company's strategic alliance with AmBev, it has entered into license and distribution agreements to produce and sell in Argentina, Bolivia, Paraguay and Uruguay the AmBev brands. Similarly, under the agreements AmBev may import and sell the Quinsa brands in Brazil. The Company also has bottling and franchise agreements with PepsiCo, and thus accounts for 100% of PepsiCo beverage sales in Uruguay and more than 80% of PepsiCo beverage sales in Argentina. Quinsa's Class A and Class B shares are listed on the Luxembourg Stock Exchange The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg. (Reuters codes: QUIN QUIN - Pyle 1965. Interactive language. Sammet 1969, p.691. .LU and QUINp.LU). Quinsa's American Depository Shares, representing the Company's Class B shares, are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:LQU). Quinsa's web address: www.Quinsa.com |
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