Quilmes Industrial (QUINSA) S.A. Announces the Outcome of the 2007 Conversion Period
August 01 2007 - 4:05PM
PR Newswire (US)
LUXEMBOURG, Aug. 1 /PRNewswire-FirstCall/ -- Quilmes Industrial
(QUINSA) S.A. (NYSE:LQU) ("Quinsa" or the "Company") announced
today as provided for by article 5 "Share Capital" of the articles
of incorporation, Class A shareholders have converted in aggregate
1,388,530 Class A shares into 138,853 new Class B shares and partly
opted for the issuance of new ADR's. As a result of this
conversion, the total number of shares has been reduced from
680,540,934 to 679,291,257 represented by 630,384,163 Class A
shares and 48,907,094 Class B shares. ABOUT QUINSA Quinsa is a
Luxembourg-based holding company that controls 93% of Quilmes
International (Bermuda) ("QIB"). The remaining stake is held by
Companhia de Bebidas das Americas - AmBev ("AmBev"). Quinsa,
through QIB, controls beverage and malting businesses in five Latin
American countries. Its beer brands are strong market leaders in
Argentina, Bolivia, Paraguay and Uruguay and have a presence in
Chile. Further, has entered into license and distribution
agreements to produce and sell in Argentina, Bolivia, Chile,
Paraguay and Uruguay AmBev and InBev brands. Similarly, under the
agreements AmBev may produce and distribute Quinsa's 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 100% of PepsiCo beverage sales in Argentina.
Quinsa's Class A and Class B shares are listed on the Luxembourg
Stock Exchange (Reuters codes: QUIN.LU and QUINp.LU). Quinsa's
American Depositary Shares, representing the Company's B shares,
are listed on the New York Stock Exchange (NYSE:LQU). Quinsa's web
address: http://www.quinsa.com/ DATASOURCE: Quilmes Industrial
(Quinsa) S.A. CONTACT: Francis Cressall, Quilmes Industrial,
+011-5411-4349-1846 Web site: http://www.quinsa.com/
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