Corporate Governance

Shareholder Structure

Outstanding Shares & Subscription Rights

Information as at 31 December 2021:

  • Total outstanding capital: 1,238,608,344.12 €

  • Total number of outstanding shares: 2,019,241,973

  • Total number of outstanding ordinary shares: 1,737,135,607

  • Total number of outstanding restricted shares: 282,106,366*
    *on the basis of conversion requests made until 31 Dec 2021

  • Total number of outstanding subscription rights (each right entitles the holder to subscribe to one new ordinary share): 0

Shareholder Structure


Notes

  1. Shareholders' structure at 31 December 2021 based on (i) transparency declarations made by shareholders who are compelled to disclose their shareholdings pursuant to the Belgian law of 2 May 2007 on the notification of significant shareholdings and the Articles of Association of the company, (ii) notifications made by such shareholders to the company on a voluntary basis prior to 31 December 2021 for the purpose of updating the above information, and (iii) notifications received by the company in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, and (iv) information included in public filings with the US Securities and Exchange Commission.

  2. Holding percentages are calculated on the basis of the total number of shares in issue, excluding treasury shares (1,981,024,587).

  3. The company’s share capital is divided in two categories of shares: all shares are ordinary shares (the Ordinary Shares), except for the restricted shares which were issued as part of the combination with SAB and remain outstanding from time to time (the Restricted Shares). Since 11 October 2021, the Restricted Shares are convertible at the election of their holders into new Ordinary Shares on a one-for-one basis. Following conversion requests made until 31 December 2021, as of 1 January 2022, 282,106,366 Restricted Shares remain outstanding compared to the 1,737,135,607 outstanding Ordinary Shares. As of that date, Ordinary Shares represented 86.03% of the capital while Restricted Shares represented 13.97% of the capital. Ordinary Shares and Restricted Shares have the same rights except as set out in the Articles of Association. Restricted Shares shall always be in registered form and shall not be listed or admitted to trading on any stock market.

  4. Altria holds 65.6 % of the restricted shares representing 9.34 % of the total number of AB InBev shares excluding treasury shares as at 31 December 2021. In addition, Altria announced in its Schedule 13D beneficial ownership report on 11 October 2016 that, following completion of the business combination with SAB, it purchased 11,941,937 Ordinary Shares in the company. Finally, Altria further increased its position of Ordinary Shares in the company to 12,341,937, as disclosed in the Schedule 13 D beneficial ownership report filed by Stichting dated 1 November 2016, implying an aggregate ownership of 9.97% based on the number of shares with voting rights as at 31 December 2021.

  5. Bevco holds 34.3% of the restricted shares representing 4.89% of the total number of AB InBev shares excluding treasury shares as at 31 December 2021. In addition, Bevco announced in a notification made on 17 January 2017 in accordance with the Belgian law of 2 May 2007 on the notification of significant shareholdings, that it purchased 4,215,794 Ordinary Shares in the company. BEVCO Lux Sàrl disclosed to us that it increased its position of Ordinary Shares in the company to an aggregate of 6,000,000 Ordinary Shares, resulting in an aggregate ownership of 5.19% based on the number of shares with voting rights as at 31 December 2021.

  6. A Shareholders Agreement between EPS, EPS Participations, BRC and Stichting Anheuser-Busch InBev provides for equal voting and control rights of BRC and EPS over Stichting Anheuser-Busch InBev and, indirectly, over Anheuser-Busch InBev shares held by it.

  7. The Stichting Anheuser-Busch InBev, BRC, EPS, EPS Participations, Rayvax, Sébastien Holding, Fonds Baillet Latour and Fonds Voorzitter Verhelst act in concert within the meaning of article 3, 13° of the Belgian Law of 2 May 2007 on the notification of significant shareholdings. BR Global Investments GP, Santa Venerina, Olia 2 AG and LTS Trading Company act in concert with the aforementioned entities within the meaning of article 3, §2 of the Belgian Law of 1 April 2007 on public take-over bids.

  8. See annual report for individual shareholdings by the above entities.


Disclosure of Shareholdings

In addition to the notification thresholds required and set out by the Law of 2 May 2007, the notification obligation also applies as soon as the amount of held securities giving voting right exceeds or falls down the 3% threshold.

Notifications according to 2 May 2007 Law
Notifications made by shareholders according to the Law of 2 May 2007 on the disclosure of shareholdings in listed companies:

  1. Notification Bevco Sàrl 4 February 2020   English| Press Release
  2. Notification Anheuser-Busch InBev Controlling Shareholders 13 March 2019  French| Press Release
  3. Notification Bevco Sàrl 18 January 2017 English| Press Release
  4. Notification Stichting Anheuser-Busch InBev 19 October 2016 French| Press Release
  5. Notification Bevco Sàrl 19 October 2016 English| Press Release
  6. Notification Altria Group Altria Group Inc. 19 October 2016 English| Press Release
  7. Notifications BlackRock Inc. 17 and 25 February 2014 English (246 KB)/ English (313 KB)/ Press Release
  8. Notification BlackRock Inc. 3 February 2014 English (262 KB)/ Press Release
  9. Notification BlackRock Inc. 23 January 2014 English (236 KB)/ Press Release
  10.  Notification BlackRock Inc. 21 January 2014 English (250 KB)/ Press Release
  11.  Notification Anheuser-Busch InBev Controlling Shareholders 15 January 2014 English (7.300 KB)/ Press Release
  12.  Notification Anheuser-Busch InBev Controlling Shareholders 20 December 2013 English (689 KB)/ Press Release
  13.  Notifications BlackRock Inc. 28 and 31 October 2013 English (220 KB)/   English (348 KB)/ Press Release
  14.  Notification BlackRock Inc. 26 June 2013 English (252 KB)/ Press Release
  15.  Notification BlackRock Inc. 03 May 2013 English (330 KB)/ Press Release
  16.  Notification BlackRock, Inc. 04 March 2013 English (322 KB)/ Press Release
  17.  Notification Capital Research and Management Company 03 February 201 English (120 KB)/ Press Release

Notifications according to 1 April 2007 Law
Notifications made by shareholders according to article 74 of the Law of 1 April 2007 on public take over bids:

  1. Update of August 29, 2016

  2. Update of August 26, 2015

  3. Update of August 28, 2014

  4. Update of August 28, 2013

  5. Update of August 29, 2012, Erratum of September 6th, 2012

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