Securities registered or to be registered pursuant to section 12(b) of the Act.
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
CCU 2016 ANNUAL REPORT FILING INCLUDING UPDATED CAPEX FORECAST
(Santiago, Chile, March 27th,2017) – Compañía Cervecerías Unidas S.A. ("CCU") has publishedtodayits 2016 Annual Report, including an update of the forecasted Capital Expenditures. Included below is an English translation of such information:
The investment program for the period 2017-2020 in each of the Operating segments is indicated in the following table.
Million CLP | 2017 | 2018 | 2019 | 2020 |
CHILE | 102.582 | 153.114 | 104.124 | 79.886 |
INTERNATIONAL BUSINESS | 37.637 | 43.372 | 22.155 | 23.130 |
WINES | 12.871 | 17.133 | 15.628 | 9.121 |
OTHERS | 22.650 | 27.007 | 7.993 | 1.386 |
TOTAL | 175.739 | 240.626 | 149.899 | 113.523 |
The full version of the Annual Report, only available in Spanish, can be found on CCU´s website. The information on our website is not incorporated by reference into this document.
This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. They also relate to our future prospects, development and business strategies.
We caution you that actual results could differ materially from those expected by us, depending on the outcome of certain factors, including, without limitation:
· our success in implementing our investment and capital expenditure program;
· the nature and extent of future competition in our principal marketing areas;
· the nature and extent of a global financial disruption and its consequences;
· political and economic developments in Chile, Argentina and other countries where we currently conduct business or may conduct business in the future, including other Latin American countries; and
· other factors discussed under the heading “Risk Factors” as well as other risks included in our other filings and submissions with the United States Securities and Exchange Commission.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. We undertake no obligation to publically update any of these forward-looking statements to reflect events or circumstances after the date of this document, including, without limitation, changes in our business strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
