Business Context and Reporting Period
This Form 6-K filing by Ambev S.A. reports on specific securities and derivatives transactions occurring in November 2019, filed on December 6, 2019. The report is submitted pursuant to Rule 13a-16 of the Securities Exchange Act of 1934 and complies with Article 11 of CVM Instruction # 358/2002. The filing details activities involving Ambev Luxembourg S.à.r.l. and Ambev S.A. regarding total return swaps and treasury shares.
Key Financial Metrics and Transactions
The filing does not provide consolidated revenue, profit, cash flow, or margin data. It focuses exclusively on specific derivative and equity positions:
- Total Return Swaps (Ambev Luxembourg S.à.r.l.):
- Initial Balance: 30,039,800 shares and 26,974,653 ADRs.
- Transactions: Maturity and conclusion of swaps involving 291,500 shares at R$ 17.33 per share.
- Transaction Volume: R$ 5,051,695.00.
- Final Balance: 30,039,800 shares and 26,974,653 ADRs (no net change in position).
- Treasury Shares (Ambev S.A.):
- Initial Balance: 3,267,390 common shares.
- Transactions: Exercise of options resulting in the acquisition of 46,000 common shares at R$ 2.26096 per share.
- Transaction Volume: R$ 104,004.16.
- Final Balance: 3,221,390 common shares.
Note: The filing text does not provide clear values for debt, liquidity, or operating margins.
Material Changes
The filing reports a reduction in the company's treasury share count from 3,267,390 to 3,221,390 due to the exercise of options. The total return swap positions for Ambev Luxembourg S.à.r.l. remained unchanged in terms of total quantity, as the maturity of one position was offset by the conclusion of a new position of the same size.
Guidance, Outlook, and Risks
This document does not contain management commentary, financial guidance, outlook, or a discussion of risks and contingencies. It is a regulatory disclosure of specific derivative and equity transactions required by Brazilian securities regulations (CVM Instruction # 358/2002).
Key Facts for Investor Verification
- Verify the impact of the 46,000 share option exercises on the company's total outstanding share count.
- Confirm the counterparty details and terms of the Total Return Swaps executed with Banco Bradesco.
- Review the full 2019 Annual Report (Form 20-F) for comprehensive financial performance data, as this Form 6-K contains only transactional disclosures.
- Check subsequent filings for any changes in the treasury share balance or derivative positions reported here.