In terms of the offer, black-owned licensed liquor retailers and liquor licence applicants, as well as registered black-owned customers of ABI, the soft drinks division of SAB were invited to apply for 19 228 250 ordinary shares in SAB Zenzele.
The offer, which closed on 28 April 2010, attracted over 33 000 applications and was 29% oversubscribed.
Following the allocation process, this has resulted in the introduction of a broad base of 29 542 black shareholders in SAB Zenzele, which now owns 3.52% of SAB.
This is in addition to the 3.39% of SAB which is owned by The SAB Zenzele Employee Trust for the benefit of 9 416 of SAB's employees and 1.54% of SAB which is owned by The SA Foundation, established for the benefit of the broader South African community.
The shares in SAB were issued to SAB Zenzele, The SAB Zenzele Employee Trust and The SAB Foundation on Wednesday.
"We are delighted with the response to the SAB Zenzele transaction. I truly believe that the transaction has delivered on its key goals of creating genuine broad-based empowerment, focusing on retailers, employees and the broader community," said SAB MD and Chairman Norman Adami.
"We now have almost 40 000 new shareholders in SAB in addition to many new beneficiaries through the SAB Foundation. At SAB we have long been committed to supporting the empowerment of South Africans and nothing says this more clearly than our effort with SAB Zenzele," Adami added.
There are now 29 542 Retailer shareholders in SAB Zenzele and Retailer shareholders hold a minimum of 317 SAB Zenzele shares each which equates to a value of approximately R50 000.
No Retailer shareholder holds more than 2 133 SAB Zenzele shares which equates to a value of approximately R337 000 and 97% of the SAB Zenzele shares are held by black individuals, with 3% held by black-controlled groups.
Some 40% of the SAB Zenzele shares are held by black women or groups controlled by black women and 63% of the Retailer shareholders hold the minimum number of 317 SAB Zenzele shares.
