| On
2024-02-13 9:11 AM

Anheuser-Busch InBev Reports Significant Progress in Share Buy-Back Program

  • AB InBev reports significant progress in its share buy-back program, repurchasing over 512,000 shares on Euronext Brussels.
  • Since the program's inception, AB InBev has bought back 13 million shares, amounting to 753 million EUR.
  • The company reaffirms its commitment to transparency, providing regular updates on the program's progress to investors.
By Lethabo Ntsoane

Anheuser-Busch InBev (AB InBev) has unveiled notable advancements in its share buy-back initiative. The program, initiated on October 31, 2023, has seen remarkable traction in recent days, with substantial repurchases made on the Euronext Brussels exchange.

Recent Repurchases Showcase Strong Momentum

Between February 5 and February 9, 2024, AB InBev executed a series of strategic share repurchases, totaling 512,809 shares on the Euronext Brussels platform. The meticulous execution of these transactions underscores the company’s commitment to enhancing shareholder value.

Here’s a breakdown of the recent repurchase activities:

DateNumber of SharesTotal Amount (EUR)Total Amount (USD)Average Price (EUR)Lowest Price (EUR)Highest Price (EUR)
Feb 5, 24112,542€6,487,338.41$6,993,350.8157.643757.500057.8800
Feb 6, 24220,943€12,693,009.64$13,648,793.2757.449357.140057.9000
Feb 7, 2400.00000.00000.0000
Feb 8, 2420,153€1,223,547.28$1,318,983.9660.712960.490060.8300
Feb 9, 24159,171€9,572,555.08$10,320,171.6360.140159.890060.7700

Steady Progress Since Program Inception

Since the program’s launch on November 13, 2023, AB InBev has repurchased a total of 13,029,150 shares, amounting to a substantial sum of 753,869,361.57 EUR (821,301,474.35 USD). This demonstrates the company’s proactive approach in utilizing available resources to optimize shareholder returns, with the repurchased shares constituting approximately 0.65% of the total shares outstanding.

Commitment to Transparency and Investor Engagement

AB InBev reaffirms its dedication to transparency and shareholder engagement by providing regular updates on the progress of its share buy-back program. Investors can access detailed information regarding the initiative on the company’s investor relations webpage, with updates scheduled on a weekly basis.

Conclusion

The recent developments in AB InBev’s share buy-back program signify a strategic move aimed at enhancing shareholder value and optimizing capital allocation. As the company continues to navigate evolving market dynamics, its steadfast commitment to shareholder interests remains unwavering.

Join Our Newsletter
Subscribe to our newsletter and stay updated.

Sponsored

Start trading with a free $30 bonus

Unleash your trading potential with XM—your gateway to the electric world of financial markets! Get a staggering $30 trading bonus right off the bat, with no deposit required. Dive into a sea of opportunities with access to over 1000 instruments on the most cutting-edge XM platforms. Trade with zest, at your own pace, anytime, anywhere. Don't wait, your trading journey begins now! Click here to ignite your trading spirit!

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo