Ambev S.A. Announces Distribution, Payable on December 28, 2023
December 13, 2023 at 06:06 am EST
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Ambev S.A. at its Board of Directors meeting held on December 12, 2023, approved the distribution of interest on own capital (IOC) in the amount of BRL 0.7302 per share of the Company, based on available balances, in the Company?s extraordinary balance sheet dated as of November 30, 2023, approved herein, and in the Company?s investment reserve, pursuant to the balance sheet dated as of December 31, 2022, which shall be attributed to the minimum mandatory dividends of the same fiscal year. The IOC distribution shall be taxed pursuant to the applicable law, which shall result in a net IOC distribution of BRL 0.6207 per share of the Company, except for shareholders that are corporate entities that are immune or exempted pursuant to article 5 of Law 11,053/04, as amended by Law 11,196/05. The aforementioned payment shall be made on December 28, 2023, considering the shareholding position of December 19, 2023 with respect to B3 S.A. - Brasil, Bolsa, Balcão, and December 26, 2023 with respect to the New York Stock Exchange - NYSE, without any monetary adjustment.
The shares and ADRs shall be traded ex-IOC as from and including December 20, 2023.
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.