Ambev S.A. announces an Equity Buyback for 24,000,000 shares, representing 0.54% of its issued share capital.
May 15, 2024
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Ambev S.A. (BOVESPA:ABEV3) announces a share repurchase program. Under the program, the company will repurchase up to 24,000,000 common shares, representing 0.54% of its outstanding share capital. The repurchased shares will be held in treasury, canceled and/or subsequently transferred.
The purpose of the program is covering any share delivery requirements contemplated in the company's share-based compensation plans. The program is valid till November 16, 2025. As of May 16, 2024, the company has 4,410,858,485 outstanding shares.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.
AMBEV S.A. 
