FEMSA Announces Accelerated Share Repurchase Agreement
FEMSA (NYSE: FMX) has announced entering into an accelerated share repurchase (ASR) agreement with a U.S. financial institution to repurchase company shares through American Depositary Shares (ADS). The agreement involves a total repurchase amount of $250 million.
Key details of the ASR include an initial delivery of 483,559 ADSs scheduled for May 20, 2025. The final number of shares to be repurchased will be determined by the daily volume-weighted average price of FEMSA's ADS during the agreement period, minus a discount. The ASR is expected to conclude by the third quarter of 2025.
FEMSA (NYSE: FMX) ha annunciato di aver stipulato un accordo di riacquisto accelerato di azioni (ASR) con un istituto finanziario statunitense per riacquistare azioni della società tramite American Depositary Shares (ADS). L'accordo prevede un importo totale di riacquisto pari a 250 milioni di dollari.
I dettagli principali dell'ASR includono una consegna iniziale di 483.559 ADS prevista per il 20 maggio 2025. Il numero finale di azioni da riacquistare sarà determinato dal prezzo medio ponderato per volume giornaliero delle ADS di FEMSA durante il periodo dell'accordo, al netto di uno sconto. L'ASR dovrebbe concludersi entro il terzo trimestre del 2025.
FEMSA (NYSE: FMX) ha anunciado la firma de un acuerdo de recompra acelerada de acciones (ASR) con una institución financiera estadounidense para recomprar acciones de la compañía a través de American Depositary Shares (ADS). El acuerdo contempla un monto total de recompra de 250 millones de dólares.
Los detalles clave del ASR incluyen una entrega inicial de 483,559 ADS programada para el 20 de mayo de 2025. El número final de acciones a recomprar se determinará según el precio promedio ponderado por volumen diario de las ADS de FEMSA durante el periodo del acuerdo, menos un descuento. Se espera que el ASR concluya para el tercer trimestre de 2025.
FEMSA (NYSE: FMX)는 미국 금융기관과 가속 주식 환매(ASR) 계약을 체결하여 미국 예탁 증서(ADS)를 통해 회사 주식을 환매한다고 발표했습니다. 계약 총 환매 금액은 2억 5천만 달러입니다.
ASR의 주요 내용은 2025년 5월 20일에 예정된 483,559 ADS의 초기 인도가 포함됩니다. 환매할 최종 주식 수는 계약 기간 동안 FEMSA ADS의 일일 거래량 가중 평균 가격에서 할인액을 뺀 금액을 기준으로 결정됩니다. ASR은 2025년 3분기까지 종료될 예정입니다.
FEMSA (NYSE : FMX) a annoncé la conclusion d'un accord de rachat accéléré d'actions (ASR) avec une institution financière américaine pour racheter des actions de la société via des American Depositary Shares (ADS). Le montant total du rachat s'élève à 250 millions de dollars.
Les détails clés de l'ASR incluent une livraison initiale de 483 559 ADS prévue pour le 20 mai 2025. Le nombre final d'actions à racheter sera déterminé par le prix moyen pondéré par le volume quotidien des ADS de FEMSA durant la période de l'accord, moins une décote. L'ASR devrait se terminer d'ici le troisième trimestre 2025.
FEMSA (NYSE: FMX) hat die Vereinbarung eines beschleunigten Aktienrückkaufprogramms (ASR) mit einer US-Finanzinstitution bekannt gegeben, um Unternehmensanteile über American Depositary Shares (ADS) zurückzukaufen. Das Gesamtvolumen des Rückkaufs beträgt 250 Millionen US-Dollar.
Wichtige Details des ASR umfassen eine anfängliche Lieferung von 483.559 ADS, die für den 20. Mai 2025 geplant ist. Die endgültige Anzahl der zurückzukaufenden Aktien wird durch den volumengewichteten Durchschnittspreis der FEMSA-ADS während der Vertragslaufzeit abzüglich eines Rabatts bestimmt. Das ASR soll bis zum dritten Quartal 2025 abgeschlossen sein.
- Significant share repurchase program of $250 million demonstrates company's financial strength
- Commitment to returning capital to shareholders through buyback program
- Strategic move aligned with company's capital allocation framework
- Reduction in cash reserves due to $250 million buyback commitment
MONTERREY, Mexico, May 19, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced that, as part of its ongoing efforts and consistent with its capital allocation framework and commitment to enhance capital returns to shareholders, it has entered into a derivative instrument known as an accelerated share repurchase (“ASR”) agreement with a financial institution in the United States of America to repurchase Company’s shares through the acquisition of American Depositary Shares (“ADS”). Under the terms of the ASR agreement, FEMSA has agreed to repurchase from such financial institution an aggregate amount of USD
The total number of shares ultimately repurchased under the ASR agreement will be based on the daily volume-weighted average price of the Company’s ADS during the term of the agreement, less a discount. The final settlement of the ASR agreement is expected to be completed, at the latest, in the third quarter of 2025.
About FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Spin, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the Dow Jones Best-in-Class World Index & Dow Jones Best-in-Class MILA Pacific Alliance Index, both from S&P Global; FTSE4Good Emerging Index; MSCI EM Latin America ESG Leaders Index; S&P/BMV Total México ESG, among other indexes.
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1 ADS underlying units consist of FEMSA’s BD Units, each representing one Series B Share, two Series D-B Shares and two Series D-L Shares, without par value.
Investor Contact (52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com
FAQ
What is the size of FEMSA's (FMX) accelerated share repurchase program announced in May 2025?
When will FEMSA's (FMX) 2025 accelerated share repurchase program be completed?
How many ADSs will FEMSA (FMX) receive initially under the May 2025 ASR agreement?
How will the final number of shares be determined in FEMSA's (FMX) 2025 ASR program?
