Anheuser-Busch InBev (AB InBev) has disclosed the latest developments in its share buy-back program, aiming to repurchase its own shares. The program, initiated on October 31, 2023, has seen significant activity in recent weeks.
Share Repurchase Details
AB InBev has been actively repurchasing its shares through a discretionary mandate granted to an independent financial intermediary. The aim was to buy back shares worth up to 1 billion USD within a 12-month period. Since the program’s initiation, the company has demonstrated a robust commitment to this objective.
In the period from February 26, 2024, to March 1, 2024, AB InBev repurchased a total of 850,371 shares in the central order book of Euronext Brussels. These transactions amounted to 48,131,295.63 EUR in total consideration. The shares were acquired at an average price of 56.6003 EUR per share.
A detailed breakdown of the repurchase activities during this period is as follows:
| Date | Number of Shares | Total Amount (EUR) | Total Amount (USD) | Average Price (EUR) | Lowest Price (EUR) | Highest Price (EUR) |
|---|---|---|---|---|---|---|
| 26-Feb-24 | 57,752 | € 3,368,910.94 | $ 3,649,204.33 | 58.3341 | 58.1700 | 58.5300 |
| 27-Feb-24 | 82,575 | € 4,792,681.08 | $ 5,203,413.84 | 58.0403 | 57.7800 | 58.3300 |
| 28-Feb-24 | 88,080 | € 5,068,382.16 | $ 5,485,510.01 | 57.5429 | 57.2700 | 58.1700 |
| 29-Feb-24 | 297,964 | € 16,829,677.14 | $ 18,223,174.41 | 56.4823 | 55.5800 | 57.4800 |
| 1-Mar-24 | 324,000 | € 18,071,644.32 | $ 19,542,676.17 | 55.7767 | 55.5000 | 56.0600 |
| Total | 850,371 | € 48,131,295.63 | $ 52,103,978.76 | 56.6003 | 55.5000 | 58.5300 |
Overall Progress
Since the launch of the share buy-back program on November 13, 2023, AB InBev has bought back a total of 14,665,793 shares. This extensive repurchasing effort amounted to 848,009,003.89 EUR (922,938,112.47 USD), representing approximately 0.73% of the total shares outstanding.
Availability of Information
AB InBev ensures transparency regarding its share buy-back program by regularly updating the progress on its investor website. Interested parties can access the overview of the program on http://www.ab-inbev.com/investors.html. Updates are provided on a weekly basis to keep stakeholders informed about the company’s actions in this regard.
Conclusion
AB InBev’s commitment to its share buy-back program demonstrates its confidence in its financial position and long-term prospects. As the company continues to execute its strategy, shareholders and investors can monitor its progress through the provided updates.
