Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
10 Juin 2024 - 3:15PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.
(Exact name of Registrant as specified in its charter)
Mexican Economic Development, Inc.
(Translation of Registrant’s name into English)
United Mexican States
(Jurisdiction of incorporation or organization)
General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F x
Form 40-F ¨
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether by furnishing the
information contained in this
Form, the registrant is also thereby furnishing
the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ¨
No x
If "Yes" is marked, indicate below the
file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____________
CONTENTS
Exhibit 99.1. Press release from Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), dated June 10, 2024,regarding accelerated share repurchase.
This report on Form 6-K shall be deemed to be
incorporated by reference into the Offer to Purchase, dated June 4, 2024,relating to the previously announced cash tender offer by FEMSA.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the
registrant has duly caused this report to be signed
on its behalf of the
undersigned, thereunto duly authorized.
|
FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V. |
|
|
|
By: /s/ Martin Felipe Arias Yaniz |
|
Martin Felipe Arias Yaniz |
|
Director of Finance and Corporate Development |
Date: June, 10, 2024 |
|
|
Exhibit 99.1
FEMSA completes Accelerated
Share Repurchase Agreement, and announces new Agreement
Monterrey, Mexico, June 10, 2024 —
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”
or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today that it has entered into a new derivative instrument
in the form of an accelerated share repurchase transaction (“ASR”) to repurchase the Company’s American Depositary Shares
(“ADSs”)1. Under the terms of this new ASR, FEMSA has agreed to repurchase up to USD $600 million of its ADSs.
The total number of ADSs ultimately repurchased under this ASR will be based on the daily volume-weighted average price of the Company’s
ADSs during the term of the ASR and subject to certain limitations. The final settlement of the ASR is expected to be completed, at the
latest, in the fourth quarter of 2024.
Additionally, the Company announces the completion of the ASR announced
in March 2024, which final delivery of the shares repurchased thereunder was on May 28, 2024. The Company repurchased a total of approximately
3.2 million ADSs at an average price of USD $123.27 per ADS, for a total amount of USD $400 million.
###
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 Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity
Europe which includes Valora, our European retail unit which operates convenience and foodvenience formats. 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 Spin Premia, among other 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. Across its business units, FEMSA has more than 392,000
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.
1 ADS
underlying units consist of ten FEMSA BD Units, each representing one Series B Share, two Series D-B Shares and two Series D-L Shares,
without par value.
Investor Contact
(52) 818-328-6000 investor@femsa.com.mx femsa.gcs-web.com |
|
Media Contact
(52) 555-249-6843 comunicacion@femsa.com.mx femsa.com |
|
June 10, 2024 | Page 1 |
Fomento Economico Mexica... (NYSE:FMX)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Fomento Economico Mexica... (NYSE:FMX)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024