Belgium: AB InBev executives and employees may get 43 mln share options in the company

Belgian brewer Anheuser-Busch InBev will ask shareholders for permission to grant up to 43 million share options and sell up to EUR170 million worth of shares to its executives and employees, Dow Jones cited on March, 27 proposals posted on the company's Web site.

The company will seek to confirm 28 million options it granted to about 40 of its executives after the rights issue it conducted to raise funds for the purchase of Anheuser. Those options can be converted at a strike price of EUR10.14 a share. One half of these options can be exercised as of Jan. 1, 2014, and the other half as of Jan. 1, 2019, according to the document.

The world’s largest brewer wants to hand out five million options to 50 AB InBev executives, each with a strike price corresponding to the share price when the option is granted. The options can be exercised starting in 2014, on the condition, among others, that the company's ratio of net debt to earnings before interest, taxes, depreciation and amortization falls below 2.5 by the end of 2013.

01 April, 2009