FEMSA announces the pricing of the offering of shares of Heineken
N.V. and Heineken Holding N.V. and the concurrent offering of
exchangeable bonds exchangeable into shares of Heineken Holding
N.V.
Fomento Económico Mexicano, S.A.B. de C.V.
(“
FEMSA” or, the
“Company”)
(NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today the pricing of
the sale by its wholly-owned subsidiary CB Equity LLP of existing
issued ordinary shares (the “
Shares”) of both
Heineken N.V. and Heineken Holding N.V. (together, the
“
Heineken Group”) in the total amount of EUR 3.2
billion (approximately 7% of the combined interest in the Heineken
Group) (the “
Equity Offering”). The Company also
announces today the pricing of an offering of senior unsecured
exchangeable bonds in the aggregate principal amount of EUR 500
million (the “
Bonds”), exchangeable into Shares of
Heineken Holding N.V. (the “
Exchangeable Offering”
and together with the Equity Offering, the
“Offering”).
The Offering has been approved by FEMSA’s board
of directors and is conducted and announced in accordance with
applicable law.
Equity Offering
The Equity Offering was executed via an
accelerated bookbuild to qualified investors.
The Equity Offering consisted of:
- 20,879,120 in Heineken N.V.
representing 3.62% of the issued share capital at a price of
EUR91.00 per share, raising gross proceeds of approximately 1.9
billion Euros.
- 17,333,518 Shares in Heineken
Holding N.V. representing 6.02% of the issued share capital at a
price of EUR75.00 per share, raising gross proceeds of
approximately 1.3 billion Euros.
Following the completion of the Equity Offering,
FEMSA's shareholding in Heineken N.V. will decrease from 8.63% to
5.01% and in Heineken Holding N.V. from 12.26% to 6.24%, for an
overall decrease of FEMSA's economic interest in the Heineken Group
from 14.76% to 8.13%. In the final allocation, Heineken N.V. will
acquire EUR 708,171,100 in shares of Heineken N.V. and EUR
291,828,750 in shares of Heineken Holding N.V.in the Equity
Offering.
Exchangeable Offering
The Exchangeable Offering was offered and sold
outside the United States to non-U.S. persons (as defined in
Regulation S ("Regulation S") under the U.S.
Securities Act of 1933 (the "U.S. Securities
Act")).
The Bonds will have a maturity of 3 years
(unless previously redeemed, exchanged or purchased and cancelled)
and will pay a coupon of 2.625% per annum, payable annually in
arrear on February 24 of each year, beginning on February 24, 2024
and will be issued at an issue price of 100% of their principal
amount (i.e. 100 thousand Euros per Bond), resulting in an annual
yield-to-maturity of 2.625% per annum. The exchange premium was set
at a 27.5% premium above the clearing price per ordinary share of
Heineken Holding N.V. in the Concurrent Equity Offering.
Accordingly, the initial exchange price was set at EUR95.625 and
the number of Shares in Heineken Holding N.V. underlying the Bonds
at the initial exchange price is approximately 5.2m shares.
The Company will have the option to redeem all,
but not some only, of the Bonds in certain circumstances, including
from approximately 2 years after the issue date at their principal
amount (together with accrued and unpaid interest to, but
excluding, the relevant date fixed for redemption) provided that
the value of the pro rata share of the Exchange Property in respect
of a Bond shall have exceeded 130% of the principal amount of a
Bond over a specified period. If not previously exchanged or
redeemed, the Bonds will be redeemed at their principal amount on
the maturity date, expected to be February 24, 2026. Upon exchange,
the Company will have the flexibility to pay in cash, deliver the
relevant pro rata share of the Exchange Property (comprising the
underlying Heineken Holding N.V. shares) or deliver and pay a
combination thereof.
It is intended that an application will be made
to admit the Bonds to trading on the Open Market (Freiverkehr) of
the Frankfurt Stock Exchange within 90 days following the closing
of the Exchangeable Offering. No prospectus is required in respect
of the Exchangeable Offering or the admission to trading of the
Bonds and no prospectus or similar document will be published in
connection with the Concurrent Equity Offering.
Delta Placement
The Company has been advised by the Joint
Bookrunners (as defined below) that the Joint Bookrunners have
organised a simultaneous placement of existing Heineken Holding
N.V. shares on behalf of certain subscribers of the Bonds who wish
to sell these shares in short sales to purchasers procured by the
Joint Bookrunners in order to hedge the market risk to which the
subscribers are exposed with respect to the Bonds that they acquire
in the Exchangeable Offering (the “Delta
Placement”). The placement price for the existing Heineken
Holding N.V. shares sold in the Delta Placement was EUR75.00 as
determined via an accelerated bookbuilding process that was carried
out by the Joint Bookrunners concurrently with the Equity Offering
(together with the Equity Offering, the “Concurrent Equity
Offering”).
The Company has not received and will not
receive any proceeds, directly or indirectly, from any existing
Heineken Holding N.V. shares sold pursuant to the Delta
Placement.
Subscribers of Bonds on whose behalf the Delta
Placement is organised will bear all costs associated therewith and
any and all customary broking commissions.
Any offer or sale of existing shares in the
Heineken Group in the Concurrent Equity Offering was made (A) (i)
outside the United States in offshore transactions in reliance on
Rule 903 of Regulation S under the U.S. Securities Act or (ii)
within the United States to qualified institutional buyers (as
defined in Rule 144A under the U.S. Securities Act) pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act, and (B) with
respect to sales in the EEA or the UK, to qualified investors as
defined in the Prospectus Regulation (as defined below).
The Company and its subsidiaries are subject to
lock-up undertakings ending 90 days after the closing of the
Exchangeable Offering, subject to customary exceptions, as well as
waiver by the Joint Bookrunners.
The Company and its subsidiaries are subject to
similar lock-up undertakings in the context of the Equity
Offering.
Use of Proceeds
The Company will use the proceeds of the
Offering for general corporate purposes and liability management
exercises.
Syndicate and Bookbuilding
Process
BofA Securities, Goldman Sachs International and
Morgan Stanley are acting as joint bookrunners (the “Joint
Bookrunners”) in respect of the Offering and the Delta
Placement.
Barclays Bank PLC is acting as sole financial
adviser to FEMSA in respect of the Exchangeable Offering and the
Concurrent Equity Offering (the “Sole Financial
Adviser”).
Settlement of the Equity Offering is expected to take place on
February 21, 2023 with respect to all subscribers other than
Heineken N.V. and Heineken Holding N.V. and February 24, 2023 with
respect to Heineken N.V. and Heineken Holding N.V. as subscribers.
The Exchangeable Offering is expected to close on February 24,
2023.
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 Division
operating OXXO, a small-format store chain, OXXO Gas, a chain of
retail service stations, and Valora, an operator of convenience and
foodvenience formats present in 5 countries in Europe. In the
retail industry it also participates though a Health Division,
which includes drugstores and related activities and Digital@FEMSA,
which includes Spin by OXXO and OXXO Premia, among other loyalty
and 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; and
in the beer industry, as the second largest shareholder of
Heineken, one of the world’s leading brewers with operations in
over 70 countries. FEMSA also participates in the logistics and
distribution industry through its Strategic Business Unit, which
additionally provides point-of-sale refrigeration and plastic
solutions to its business units and third-party clients. Across its
business units, FEMSA has more than 320,000 employees in 18
countries. FEMSA is a member of the Dow Jones Sustainability MILA
Pacific Alliance, the FTSE4Good Emerging Index and the Mexican
Stock Exchange Sustainability Index: S&P/BMV Total México ESG,
among other indexes that evaluate its sustainability
performance.
FEMSA Forward Announcement
The foregoing transactions form an integral part
of the series of strategic initiatives announced by FEMSA on
February 15, 2023, as a result of a thorough strategic review of
its business platform, including the bottom-up definition of
long-range plans for each business unit, as well as the top-down
analysis of FEMSA’s corporate and capital structure. That
announcement is available at:
https://www.globenewswire.com/news-release/2023/02/15/2609255/0/en/FEMSA-Forward-Announcing-results-of-strategic-review.html.
That announcement does not form part of this communication.
Disclaimer
The Offering does not require the approval of
FEMSA’s shareholders.
No action has been taken by the Company, the
Joint Bookrunners or any of their respective affiliates that would
permit an offering of the Bonds, the Shares or the existing
Heineken Holding N.V. shares sold in the Delta Placement (together
the “Securities”) or possession or distribution of this
announcement or any offering or publicity material relating to the
Securities in any jurisdiction where action for that purpose is
required. The distribution of this announcement and the offer and
sale of the Securities in certain jurisdictions may be restricted
by law. Persons into whose possession this announcement or other
information referred to herein comes are required by the Company
and the Joint Bookrunners to inform themselves about, and to
observe, any such restrictions.
This announcement is not for distribution,
directly or indirectly in or into the United States or to, or for
the account or benefit of, U.S. persons (as defined in Regulation S
under the U.S. Securities Act). This announcement is not an offer
to sell securities or the solicitation of any offer to buy
securities, nor shall there be any offer of securities in any
jurisdiction in which such offer or sale would be unlawful.
The Securities are not being offered to the
public in any jurisdiction and may not be offered to the public in
any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document
relating to the Securities in such jurisdiction. This announcement
is not an offer of securities or investments for sale nor a
solicitation of an offer to buy securities or investments in any
jurisdiction where such offer or solicitation would be unlawful.
This announcement does not contain or constitute an offer for sale
or the solicitation of an offer to purchase securities in the
United States, Australia, Canada, Japan or South Africa or in any
jurisdiction in which such offer or solicitation is unlawful. The
Securities have not been and will not be registered under the U.S.
Securities Act and may not be offered or sold in the United States
or, in the case of the Bonds or the shares to be delivered upon
exchange of the Bonds, to U.S. persons, absent registration under
the U.S. Securities Act or pursuant to an available exemption from,
or in a transaction not subject to, the registration requirements
of the U.S. Securities Act. There will be no public offer of the
Securities in the United States, Australia, Canada, Japan or South
Africa. No action has been taken by FEMSA, the Joint Bookrunners or
any of their respective affiliates to permit a public offering of
the Securities or possession or distribution of this announcement
in any jurisdiction where action for that purpose is required.
Neither this announcement nor anything contained herein shall form
the basis of, or be relied upon in connection with, any offer or
purchase whatsoever in any jurisdiction and shall not constitute or
form part of an offer to sell or the solicitation of an offer to
buy any securities in the United States or in any other
jurisdiction.
This announcement does not comprise a prospectus
for the purposes of the Prospectus Regulation (as defined below)
and/or Part VI of the Financial Services and Markets Act 2000 of
the United Kingdom or otherwise and has not been approved by the
Dutch Authority for the Financial Markets (Stichting Autorireit
Financiële Markten) or any other European securities supervisory
authority. It is for information purposes only and is not to be
relied upon in substitution for the exercise of independent
judgement. It is not intended as investment advice and under no
circumstances is it to be used or considered as an offer to sell
to, or a solicitation of an offer to buy any security nor is it a
recommendation to buy or sell any security.
This announcement and the offering when made are
only addressed to, and directed in, member states of the European
Economic Area (the “EEA”) (each, a “Member
State”) and the United Kingdom, at persons who are
“qualified investors” within the meaning of the Prospectus
Regulation (“Qualified Investors”) or to and at
other persons to whom the offering can otherwise be made pursuant
to available exemptions under the Prospectus Regulation. For these
purposes, the expression "Prospectus Regulation" means Regulation
(EU) 2017/1129, as amended, and Regulation (EU) 2017/1129 as it
forms part of United Kingdom domestic law by virtue of the European
Union (Withdrawal) Act 2018 (the “EUWA”).
Solely for the purposes of the product
governance requirements contained within: (a) EU Directive
2014/65/EU on Markets in Financial Instruments, as amended
(“MiFID II”); (b) Articles 9 and 10 of Commission
Delegated Directive (EU) 2017/593 supplementing MiFID II; (c) local
implementing measures in the EEA; (d) Regulation (EU) No 600/2014
as it forms part of United Kingdom domestic law by virtue of the
EUWA (“UK MiFIR”); and (e) the FCA Handbook
Product Intervention and Product Governance Sourcebook (together,
the “Product Governance Requirements”), and
disclaiming all and any liability, whether arising in tort,
contract or otherwise, which any “Manufacturer” (for the purposes
of the Product Governance Requirements) may otherwise have with
respect thereto, the Bonds have been subject to a product approval
process, which has determined that: (i) the target market for the
Bonds is (a) in the EEA, eligible counterparties and professional
clients only, each as defined in MiFID II and (b) in the United
Kingdom, eligible counterparties (as defined in the FCA Handbook
Conduct of Business Sourcebook) and professional clients (as
defined in UK MiFIR); and (ii) all channels for distribution of the
Bonds to eligible counterparties and professional clients are
appropriate. Any person subsequently offering, selling or
recommending the Bonds (a "distributor") should
take into consideration the Manufacturers’ target market
assessment; however, a distributor subject to MiFID II or the
Product Governance Requirements is responsible for undertaking its
own target market assessment in respect of the Bonds (by either
adopting or refining the Manufacturers’ target market assessment)
and determining appropriate distribution channels.
The target market assessment is without
prejudice to the requirements of any contractual or legal selling
restrictions in relation to any offering of the Bonds.
For the avoidance of doubt, the target market
assessment does not constitute: (a) an assessment of suitability or
appropriateness for the purposes of MiFID II or UK MiFIR; or (b) a
recommendation to any investor or group of investors to invest in,
or purchase, or take any other action whatsoever with respect to
the Bonds.
The Bonds are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made
available to any retail investor in the EEA or the United Kingdom.
For these purposes, a retail investor means (a) in the EEA, a
person who is one (or more) of: (i) a retail client as defined in
point (11) of Article 4(1) of MiFID II; or (ii) a customer within
the meaning of Directive (EU) 2016/97, where that customer would
not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II and (b) in the United Kingdom, a person
who is one (or more) of (i) a retail client, as defined in point
(8) of Article 2 of Regulation (EU) no 2017/565 as it forms part of
United Kingdom domestic law by virtue of the EUWA or (ii) a
customer within the meaning of the provisions of the Financial and
Services and Markets Act 2000 (the “FMSA”) and any
rules or regulations made under the FSMA to implement Directive
(EU) 2016/97, where that customer would not qualify as a
professional client, as defined in point (8) of Article 2(1) of
Regulation (EU) no 600/2014 as it forms part of United Kingdom
domestic law by virtue of the EUWA.
Consequently, no key information document required by Regulation
(EU) No 1286/2014, as amended (the "PRIIPs
Regulation") or the PRIIPs Regulation as it forms part of
United Kingdom domestic law by virtue of the EUWA (the “UK
PRIIPs Regulation”) for offering or selling the Bonds or
otherwise making them available to retail investors in the EEA or
the United Kingdom has been prepared and therefore offering or
selling the Bonds or otherwise making them available to any retail
investor in the EEA or the United Kingdom may be unlawful under the
PRIIPs Regulation and/or the UK PRIIPs Regulation.
In addition, in the United Kingdom, this announcement is being
distributed only to, and is directed only at, Qualified Investors
who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the “Order”) or who are
high-net-worth entities and other persons to whom it may otherwise
lawfully be communicated, falling within Article 49(2)(a) to (d) of
the Order (all such persons together being referred to as
“Relevant Persons”). This announcement is directed
only at Relevant Persons and must not be acted on or relied on (i)
in the United Kingdom, by persons who are not Relevant Persons, and
(ii) in a Member State of the EEA, by persons who are not Qualified
Investors. Any investment or investment activity to which this
announcement relates is available only to (a) Relevant Persons in
the United Kingdom and will be engaged in only with Relevant
Persons in the United Kingdom and (b) Qualified Investors in Member
States of the EEA. Any person in the United Kingdom who is not a
Relevant Person should not act or rely on this announcement or any
of its contents.
This announcement has not been and will not be
registered as a prospectus with the Monetary Authority of
Singapore. Accordingly, this announcement and any other document or
material in connection with the offer or sale, or invitation for
subscription or purchase, of the Bonds may not be circulated or
distributed, nor may the Bonds be offered or sold, or be made the
subject of an invitation for subscription or purchase, whether
directly or indirectly, to any person in Singapore other than (i)
to an institutional investor (as defined in Section 4A of the
Securities and Futures Act 2001 of Singapore, as modified or
amended from time to time (the “SFA”)) pursuant to
Section 274 of the SFA, (ii) to a relevant person (as defined in
Section 275(2) of the SFA) pursuant to Section 275(1) of the SFA,
or any person pursuant to Section 275(1A) of the SFA, and in
accordance with the conditions specified in Section 275 of the SFA,
or (iii) otherwise pursuant to, and in accordance with the
conditions of, any other applicable provision of the SFA.
Singapore SFA Product Classification: In
connection with Section 309B of the SFA and the Securities and
Futures (Capital Markets Products) Regulations 2018 of Singapore
(the “CMP Regulations 2018”), the Company has
determined, and hereby notifies all relevant persons (as defined in
Section 309A(1) of the SFA), that the Bonds are
‘prescribed capital markets products’ (as defined in the CMP
Regulations 2018) and Excluded Investment Products (as defined
in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products
and MAS Notice FAA-N16: Notice on Recommendations on Investment
Products).
The Bonds have not been and will not be
registered with the Mexican National Banking and Securities
Commission (Comisión Nacional Bancaria y de Valores, or
“CNBV”), and therefore, may not be publicly
offered or sold in Mexico; the Bonds, however, may be offered or
sold in Mexico, on a private placement basis, solely to investors
that qualify as institutional or accredited investors, as defined
under Mexican law, pursuant to the private placement exemption set
forth in Article 8 of the Mexican Securities Market Law and
regulations thereunder. The terms and conditions of the Bonds will
be notified by the Company to the CNBV as required under applicable
law for statistical and information purposes only. The delivery of
such notice to, and the receipt thereof by, the CNBV, does not
constitute or imply any certification as to the investment quality
of the Bonds, or the solvency, liquidity or credit quality of
FEMSA.
Any decision to purchase any of the Securities
should only be made on the basis of an independent review by a
prospective investor of the Company’s and the Heineken Group’s
publicly available information. None of the Sole Financial Adviser,
the Joint Bookrunners, their respective affiliates or any of their
or their respective affiliates’ directors, officers, employees,
advisers or agents accept any liability arising from the use of, or
make any representation or warranty, express or implied, as to the
accuracy or completeness of, this announcement the Company’s
publicly available information, or any other information relating
to FEMSA, its subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever
transmitted or made available or for any loss howsoever arising
from any use of this announcement or its contents or otherwise
arising in connection therewith. The information contained in this
announcement is subject to change in its entirety without notice up
to the final settlement date.
Each prospective investor should proceed on the
assumption that it must bear the economic risk of an investment in
the Securities. None of the Company, the Sole Financial Adviser or
the Joint Bookrunners make any representation as to (i) the
suitability of the Securities for any particular investor, (ii) the
appropriate accounting treatment and potential tax consequences of
investing in the Securities or (iii) the future performance of the
Securities either in absolute terms or relative to competing
investments.
An investment in the Securities includes a significant degree of
risk. In making any decision to purchase any of the Securities, an
investor will be deemed (a) to have such business and financial
experience as is required to give it the capacity to protect its
own interests in connection with the purchase of the Securities,
(b) not to have relied on (i) any investigation that the Joint
Bookrunners or any of their respective affiliates, or any person
acting on behalf of the Joint Bookrunners or any of their
respective affiliates, may have conducted with respect to the
FEMSA, Heineken Holding N.V. or any of the Securities or (ii) any
discussions, negotiations or other communications entered into
with, or any other written or oral information made available by
any of the Joint Bookrunners or their respective officers,
employees or agents, (c) to have made its own investment decision
regarding the Exchangeable Offering and/or the Concurrent Equity
Offering based on its own knowledge, investigation and assessment
of FEMSA, FEMSA’s subsidiaries, Heineken Holding N.V., Heineken
N.V., the Exchangeable Offering and/or the Concurrent Equity
Offering, the terms of the Securities and the terms of the
placement of the Securities, and based on such other publicly
available information it deems necessary, appropriate and
sufficient (and which it confirms it has been able to access, read
and understand) and (d) to have consulted its own independent
advisers or to otherwise have satisfied itself concerning, without
limitation, accounting, regulatory, tax or other consequences in
the light of its particular situation under the laws of all
relevant jurisdictions.
The Sole Financial Adviser and the Joint Bookrunners are acting
on behalf of FEMSA and no one else in connection with the
Exchangeable Offering and the Equity Offering and will not be
responsible to any other person for providing the protections
offered to clients of the Sole Financial Adviser or the Joint
Bookrunners or for providing advice in relation to the Exchangeable
Offering and/or the Equity Offering.
The Sole Financial Adviser, which is authorised
by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority
in the United Kingdom, has been engaged by the Company solely as
financial adviser to the Company in respect of the Exchangeable
Offering and the Concurrent Equity Offering. For the avoidance of
doubt, the Sole Financial Adviser will have no role in procuring
subscribers for the Bonds or in placing of Shares in the Concurrent
Equity Offering.
In connection with the sale of the Exchangeable
Offering and the Concurrent Equity Offering, the Sole Financial
Adviser, the Joint Bookrunners and any of their affiliates may take
up a portion of the Securities as a principal position and in that
capacity may retain, purchase, sell, offer to sell for their own
accounts such Securities and other securities of the Company, the
Heineken Group or related investments in connection with the
Exchangeable Offering and the Concurrent Equity Offering or
otherwise. Accordingly, references in this announcement to the
Securities being sold, offered, subscribed, acquired, placed or
otherwise dealt in should be read as including any issue or offer
to, or subscription, acquisition, placing or dealing by, the Sole
Financial Adviser, any of the Joint Bookrunners and any of their
affiliates acting in such capacity. In addition, the Sole Financial
Adviser, the Joint Bookrunners and any of their respective
affiliates may enter into financing arrangements (including swaps
or contracts for differences) with investors in connection with
which the Joint Bookrunners and any of its affiliates may from time
to time acquire, hold or dispose of the Securities. Neither the
Sole Financial Adviser nor the Joint Bookrunners intend to disclose
the extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligation to do so. In
addition, each of the Sole Financial Adviser, the Joint Bookrunners
and their respective subsidiaries and affiliates may perform
services for, or solicit business from, the Company, the Heineken
Group, may make markets in the securities of such persons and/or
have a position or effect transactions in such securities.
Each of the Company, the Sole Financial Adviser,
the Joint Bookrunners and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise
any statement contained in this announcement whether as a result of
new information, future developments or otherwise.
Buyers of Bonds who sold shares in the Delta
Placement are deemed to have represented, warranted and agreed that
(i) they understand that the shares have not been and will not be
registered under the U.S. Securities Act and may not be offered or
sold within the United States except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements
of the U.S. Securities Act, (ii) they have not offered or sold, and
will not offer or sell, any shares within the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the U.S. Securities Act and (iii)
neither they, nor any of their affiliates nor any persons acting on
their behalf have engaged or will engage in any directed selling
efforts (as defined in Regulation S under the U.S. Securities Act)
or general solicitation or general advertising (within the meaning
of Regulation D under the U.S. Securities Act) in the United States
with respect to the shares.
No assurance can be given that the Exchangeable
Offering or the Concurrent Equity Offering will be consummated or
as to the ultimate terms of the Exchangeable Offering or the
Concurrent Equity Offering. This announcement contains certain
forward-looking statements that reflect the current views and/or
expectations of the Company and its management with respect to its
performance, business and future events. We use words such as
“believe,” “anticipate,” “plan,” “expect,” “intend,” “target,”
“estimate,” “project,” “predict,” “forecast,” “guideline,” “should”
and other similar expressions to identify forward-looking
statements, but they are not the only way we identify such
statements. Such statements are subject to a number of risks,
uncertainties and assumptions. We caution you that a number of
important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in this release. FEMSA is under no obligation and
expressly disclaims any intention or obligation to update revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Copies of this announcement are not being, and
must not be, mailed, or otherwise forwarded, distributed or sent
in, into or from the United States or any other jurisdiction in
which such mailing would be illegal, or to publications with a
general circulation in those jurisdictions, and persons receiving
this announcement (including custodians, nominees and trustees)
must not mail or otherwise forward, distribute or send it in, into
or from the United States or any other jurisdiction in which such
mailing would be illegal or to publications with a general
circulation in those jurisdictions.
Investor Contact |
Media
Contact |
(52) 818-328-6000 |
(52) 555-249-6843 |
investor@femsa.com.mx |
comunicacion@femsa.com.mx |
femsa.gcs-web.com |
femsa.com |
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