Key Developments: Diageo PLC (DGE.L)

DGE.L on London Stock Exchange

28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Diageo PLC recommends final dividend
Thursday, 30 Jul 2015 02:02am EDT 

Diageo PLC:Recommends final dividend of 34.9 pence per share.The final dividend will be paid on Oct. 8 to shareholders on the register on Aug. 13.  Full Article

Diageo PLC announces restructuring of South African & Namibian operations
Tuesday, 28 Jul 2015 02:30am EDT 

Diageo PLC:Says that the company, Heineken N.V. and the Ohlthaver & List (O&L) Group of Companies, the majority shareholder of Namibia Breweries Limited (NBL), have agreed to restructure their South African and Namibian joint ventures.Says when the transaction has completed, Diageo will operate in South Africa and Namibia through wholly-owned subsidiaries.Says to implement the transaction, Diageo will sell its 42.25 pct equity stake in DHN Drinks (Proprietary) Limited and transfer the associated shareholder loan to Heineken.Says it will sell its 25 pct equity stake in the Sedibeng brewery in Gauteng, South Africa to NBL and transfer the associated shareholder loan to Heineken.Says it will sell its 15 pct equity stake in NBL to Heineken.Says it will receive a total net cash consideration of ZAR2.5 billion (about 128 million pounds), subject to customary adjustments.Says completion of the transaction is expected before calendar end 2015.  Full Article

Diageo plc announces sale of Gleneagles Hotel
Wednesday, 1 Jul 2015 04:00am EDT 

Diageo plc:Says it has sold Gleneagles Hotel Limited to a private investment group led by Ennismore for an undisclosed amount.Ennismore is a real estate hospitality firm which owns The Hoxton brand, and develops and operates a series of unique hotels in Europe and the United States.  Full Article

Diageo PLC announces acquisition of remaining 50 pct interest in UNB
Thursday, 2 Apr 2015 02:00am EDT 

Diageo PLC:Entered into an agreement to acquire the remaining 50 pct interest in the company, thereby making it a wholly owned subsidiary of Diageo.Diageo will acquire this further interest from Pestello Investments Inc. for an initial payment of $22 million (about 14.8 mln pounds) and a potential earn-out payment of up to $14 million (about 9.4 mln pounds).Transaction is conditional on (among other things) consent from the South African competition authority and is expected to complete in this fiscal year.  Full Article

Diageo completes acquisition of Tequila Don Julio
Friday, 27 Feb 2015 09:30am EST 

Diageo PLC:Completed the acquisition of full global ownership and control of Tequila Don Julio following the receipt of all regulatory approvals.The acquisition strengthens Diageo's position in the growing super premium and above tequila segments globally and the important tequila market in Mexico with an already and well-positioned brand.Gaining full ownership and distribution rights for Tequila Don Julio and Tres Magueyes, alongside the 'La Primavera' distillery, inventory and agave supply.Gives Diageo the ability to make investment decisions across supply, marketing, and innovation to support the continued growth of the brand, and become more competitive in the category.  Full Article

Diageo PLC declares interim dividend
Thursday, 29 Jan 2015 02:01am EST 

Diageo PLC:Says interim dividend of 21.5 pence per share will be paid to holders of ordinary shares and ADRs on the register as of Feb. 27.Dividend will be paid to shareholders on April 07 and payment to US ADR holders will be made on April 10.  Full Article

Diageo PLC to appoint PwC as auditor
Tuesday, 11 Nov 2014 05:00am EST 

Diageo PLC:Company's external audit was recently put out to tender.This process has now concluded and the Board has selected PwC.Says appointment of PwC as auditor will take effect for Diageo's financial year ending June. 30, 2016.  Full Article

Diageo PLC announces agreement re Tequila Don Julio and Bushmills
Monday, 3 Nov 2014 02:00am EST 

Diageo PLC:Has agreed with Casa Cuervo acquisition of full global ownership and control of Tequila Don Julio and early termination of Casa Cuervo's production and distribution agreement for Smirnoff in Mexico.In return, Diageo has reached an agreement to sell Bushmills to Jose Cuervo Overseas.Assuming completion of transaction in early calendar 2015.  Full Article

Diageo PLC gives FY 2015 revenue outlook
Thursday, 16 Oct 2014 02:00am EDT 

Diageo PLC:Expects FY 2015 top line growth to improve on FY 2014 performance.Reported revenue of $16.720 bln in FY 2014.FY 2015 revenue of $17.872 bln - Thomson Reuters I/B/E/S.  Full Article

Diageo Plc launches and prices euro denominated bonds
Tuesday, 16 Sep 2014 11:48am EDT 

Diageo Plc:Launches and prices 0.5 bln euros fixed rate Euro denominated bonds due in Sept. 2024 under its European Debt Issuance Programme.Simultaneously with new issuance, a 0.5 bln euros reopening of the 1.125 pct bonds due in May 2019 has also taken place.The issuer of bonds will be Diageo Finance plc, with payment of principal and interest fully guaranteed by Diageo plc.The issue consists of 0.5 bln euros bonds due May 2019 with a coupon of 1.125 pct and 0.5 bln euros bonds due Sept. 2024 with coupon of 1.750 pct.Banco Santander, S.A., Bank of America Merrill Lynch, Barclays Bank PLC, Goldman Sachs International, J.P. Morgan Securities PLC, Standard Chartered Bank and UBS AG, London Branch are joint book-running managers.Proceeds from this issuance will be used for general corporate purposes.  Full Article

Reuters Business News Schedule at 1230 GMT/0830 AM ET

WASHINGTON - U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. (USA-ECONOMY/ (WRAPUP 2), moved, by Lucia Mutikani, 655 words)

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