Anheuser-Busch InBev (AB InBev) has reported substantial strides in its share buy-back program, revealing details of the repurchases made since the program’s initiation on October 31, 2023.
Share Buy-Back Program Overview:
AB InBev, a major player in the global brewing industry, announced a share buy-back program aimed at repurchasing its own shares for a total amount of 1 billion USD over a 12-month period. The company granted a discretionary mandate to an independent financial intermediary to facilitate the repurchases.
Recent Repurchase Details:
In the period from January 8 to January 12, 2024, AB InBev executed the repurchase of 1,484,695 of its own shares on the central order book of Euronext Brussels. The shares were acquired at varying prices, with an average cost of 59.5452 EUR per share. The total consideration for these recent repurchases amounted to 88,406,392.59 EUR.
| Date | Number of Shares | Total Amount (EUR) | Total Amount (USD) | Average Price (EUR) | Lowest Price (EUR) | Highest Price (EUR) |
|---|---|---|---|---|---|---|
| 8-Jan-24 | 289,086 | €17,095,048.57 | $18,710,530.66 | 59.1348 | 58.6500 | 59.4800 |
| 9-Jan-24 | 288,584 | €17,159,178.67 | $18,801,312.07 | 59.4599 | 59.1600 | 59.8400 |
| 10-Jan-24 | 293,399 | €17,635,395.31 | $19,277,250.61 | 60.1072 | 59.9200 | 60.3300 |
| 11-Jan-24 | 301,907 | €18,004,402.07 | $19,767,033.03 | 59.6356 | 58.6900 | 60.5400 |
| 12-Jan-24 | 311,719 | €18,512,367.97 | $20,302,513.95 | 59.3880 | 59.0500 | 59.7300 |
| Total | 1,484,695 | €88,406,392.59 | $96,858,640.33 | 59.5452 | 58.6500 | 60.5400 |
Cumulative Buy-Back Statistics:
Since the inception of the share buy-back program on November 13, 2023, AB InBev has successfully repurchased a total of 8,754,634 shares. The cumulative expenditure on these buy-backs amounts to 506,519,147.73 EUR (552,563,963.33 USD). This represents 0.43% of the total shares outstanding.
Global Brewing Giant:
AB InBev, headquartered in Leuven, Belgium, operates on a global scale with a diverse portfolio of well-known beer brands. The company’s shares are publicly traded on Euronext, the New York Stock Exchange (NYSE), and the stock exchanges in Mexico and South Africa.
As AB InBev continues to navigate the ever-evolving landscape of the brewing industry, the progress in its share buy-back program adds a noteworthy chapter to its corporate story.
