E-Malt.com News article: Belgium: InBev launches new 300 million euro share buyback plan

InBev launches a new buy-back program for an amount up to 300 million Euro of InBev shares, according to company’s press release, January 21.

Following the successful completion of its 300 million Euro buy-back program announced on 30 August 2007, InBev’s Board of Directors resolved to initiate a new share buy-back program for an amount of up to 300 million Euro.

The share buyback will be executed pursuant to the powers granted at the Extraordinary General Meeting of Shareholders of 24 April 2007, and, in accordance with that mandate, may be conducted within 8 months of the date of the resolution.

InBev’s share buy-back programs are an integral component of its strategy to pro-actively manage its capital structure and return cash to shareholders, as well as to hedge the company’s share based compensation system.

About InBev

InBev is a publicly traded company based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer. InBev’s strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted external growth, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois®, Brahma®, Beck’s®, Leffe® and Skol® - the third-largest selling beer brand in the world. InBev employs some 88 000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2006, InBev realized 13.3 billion euro of revenue.


23 January, 2008