Based on the Ambev S.A.' extraordinary balance sheet dated November 30, 2016, prepared in accordance to the resolutions of the Board of Director in the meeting held on December 1, 2016, to approve the distribution of dividends in the amount of BRL 0.07 for each share of the Company, to be deducted from the results of the 2016 fiscal year and attributed to the minimum mandatory dividends for the same year. The payment shall be made as from February 23, 2017 (ad referendum of the Annual Shareholders' Meeting), considering the shareholding on and including January 23, 2017, with respect to BM&FBovespa, and January 26, 2017, with respect to the New York Stock Exchange, without any monetary adjustment. Shares and ADRs shall be traded ex-dividends as from and including January 24, 2017.
The company announced creation of a new position as BU Premium and High End Executive Officer, which shall be performed by Mr. Cassiano De Stefano, who is currently the Logistics Executive Officer, effective as from January 1, 2017. Mr. Maurício Nogueira Soufen, current Supply Executive Officer, shall accumulate the functions of Supply Executive Officer and Logistics Executive Officer, effective as from January 1, 2017.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.