Ambev S.A. (BOVESPA:ABEV3) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 common shares, representing 0.3% of its outstanding share capital. The repurchased shares will be held in treasury, canceled and/or subsequently transferred.

The purpose of the program is covering any share delivery requirements contemplated in the Company's share-based compensation plans. The program is valid till November 18, 2024. As of March 31, 2023, the company had 4,393,702,934 outstanding shares.