AB InBev Financial Results
Investment securities
Million US dollar
Investment in unquoted companies
Investment on debt securities
Non-current investments
Investment on debt securities
Current investments
31 December 2022
31 December 2021
149
26
175
97
97
139
22
161
374
374
As at 31 December 2022, current debt securities of 97m US dollar mainly represented investments in government bonds
(31 December 2021: 374m US dollar). The company's investments in such short-term debt securities are primarily to
facilitate liquidity and for capital preservation.
21. Changes in equity and earnings per share
STATEMENT OF CAPITAL
The tables below summarize the changes in issued capital and treasury shares during 2022:
Issued capital
At the end of the previous year
Changes during the period
Of which:
Ordinary shares
Restricted shares
Issued capital
Million shares
Million US dollar
2 019
1 736
2 019
1 737
282
1 736
Treasury shares
At the end of the previous year
Changes during the period
At the end of the current period
Treasury shares
Million shares
Million US dollar
Result on the use of
treasury shares
Million US dollar
38.2
(2.8)
35.5
(3 994)
289
(3 706)
(4 366)
(193)
(4 559)
As at 31 December 2022, the share capital of AB InBev amounts to 1 238 608 344.12 euro (1 736 million US dollar). It is
represented by 2019 241 973 shares without nominal value, of which 35 455 836 are held in treasury by AB InBev and its
subsidiaries. All shares are ordinary shares, except for 282 050 690 restricted shares (31 December 2021: 282 107 042).
As at 31 December 2022, the total of authorized, unissued capital amounts to 37 million euro.
The treasury shares held by the company are reported in equity in Treasury shares.
The holders of ordinary and restricted shares are entitled to receive dividends as declared from time to time and are entitled
to one vote per share at meetings of the company. In respect of the company's shares that are held by AB InBev and its
subsidiaries, the economic and voting rights are suspended.
The restricted shares are unlisted, not admitted to trading on any stock exchange, and are subject to, among other things,
restrictions on transfer until converted into new ordinary shares. As from 11 October 2021 (fifth anniversary of completion
of the SAB combination), the restricted shares are convertible at the election of the holder into new ordinary shares on a
one-for-one basis and they rank equally with the ordinary shares with respect to dividends and voting rights. By 31
December 2022, from the 326 million restricted shares issued at the time of the SAB combination, 44 million restricted
shares were converted into new ordinary shares.
The shareholders' structure is based on the notifications made to the company pursuant to the Belgian Law of 2 May 2007,
which governs the disclosure of significant shareholdings in listed companies. It is included in the Corporate Governance
section of AB InBev's annual report.
62
62View entire presentation