Ambev S.A. at its annual general meeting held On May 15, 2018, approved that according to article 21, of the company's bylaws, approve, effective as of July 1, 2018, the replacement of Mr. Ricardo Rittes de Oliveira Silva, the current Chief Financial and Investor Relations Officer, by Mr. Fernando Mommensohn Tennenbaum, production engineer. The new executive officer will be sworn into his respective position on July 1, 2018, upon the execution of the instrument of investiture in the proper book, at which time he will execute a statement confirming that there is no impediment to his election to the Company's Board of Executive Officers, and the term of his mandate shall expire on July 1, 2021. Mr. Ricardo Rittes de Oliveira Silva will remain in the Company, being in charge of special project. The Board of Directors acknowledged receipt of the resignation of Mr. Álvaro Antônio Cardoso de Souza, effective as of April 30, 2018, to his positions as member of the Board of Directors. Due to the resignation of Mr. Álvaro Antônio Cardoso de Souza, to determine that, effective as of the date hereof, the alternate member Mr. Nelson José Jamel holds the position of member of the Board of Directors, with a term of office up to the Company's Annual General Shareholders' Meeting of 2020, pursuant to article 20 of the Company's bylaws. Mr. Victorio Carlos De Marchi, as President of the Operations, Finance and Compensation Committee, and Messrs. Roberto Moses Thompson Motta and Luis Felipe Pedreira Dutra Leite, as members of such committee. Mr. Victorio Carlos De Marchi, as President of the Antitrust Compliance and Related Parties Committee, and José Heitor Attilio Gracioso, Bolívar Moura Rocha and Everardo de Almeida Maciel, as members of such committee.
Based on the Company's extraordinary balance sheet dated April 30, 2018, approve the distribution of dividends in the amount of BRL 0.16 for each share of the Company, to be deducted from the results of the 2018 fiscal year and attributed to the minimum mandatory dividends for the same year. The distribution of dividends will be made without withholding income tax, pursuant to applicable law.
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.
AMBEV S.A. 
