Quilmes Industrial (QUINSA) S.A. Announces Outcome of its Ordinary General Meeting
June 30 2008 - 2:28PM
PR Newswire (US)
LUXEMBOURG, June 30 /PRNewswire-FirstCall/ -- Quilmes Industrial
(QUINSA) S.A. (NYSE:LQU) ("Quinsa" or the "Company") announced
today the outcome of its Ordinary General Meeting for the financial
year ended December 31, 2007 that took place in Luxembourg on June
27, 2008. The Ordinary General Meeting heard the report of the
Board of Directors and the reports of the statutory and independent
auditors for the financial year 2007 and approved the annual
consolidated and unconsolidated accounts for the year ended
December 31, 2007. The General Meeting also approved the dividend
distribution for the year ended December 31, 2007. July 15, 2008
will be the date for payment of the dividend of US$0.069185 net per
share to all holders of Class A shares and of the dividend of
US$0.691850 net per share to all holders of Class B shares
tendering coupon No 16. Dividends will be paid to the holders of
record as of July 15, 2008. The Meeting renewed the mandate of Mr.
Victorio Carlos de Marchi. ABOUT QUINSA Quinsa is a
Luxembourg-based holding company that controls approximately 93% of
Quilmes International (Bermuda) ("QIB"). The remaining stake is
held by 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, pursuant to Quinsa's
strategic alliance with AmBev, it has entered into license and
distribution agreements to produce and sell in Argentina, Bolivia,
Chile, Paraguay and Uruguay the AmBev brands. Similarly, under the
agreements, AmBev may produce and distribute Quinsa's brands in
Brazil. Quinsa also has bottling and franchise agreements with
PepsiCo, and thus accounts for 100% of PepsiCo beverage sales in
both Argentina and Uruguay. 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
Quinsa's B shares, are listed on the New York Stock Exchange
(NYSE:LQU). Quinsa's web address: http://www.quinsa.com/ ABOUT
AMBEV AmBev is the largest brewer in Brazil and in South America
through its beer brands Skol, Brahma and Antarctica. AmBev also
produces and distributes soft drink brands such as Guarana
Antarctica, and has franchise agreements for Pepsi soft drinks,
Gatorade and Lipton Ice Tea. AmBev has been present in Argentina
since 1993 through Brahma. CONTACT: Guillermo Zuzenberg Quilmes
Industrial (Quinsa) S.A. +5411-4349-1846 DATASOURCE: Quilmes
Industrial (Quinsa) S.A. CONTACT: Guillermo Zuzenberg, Quilmes
Industrial (Quinsa) S.A., +011-5411-4349-1846 Web site:
http://www.quinsa.com/
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