FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. - FMX STOCK NEWS

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC and the Comisión Nacional Bancaria y de Valores in Mexico. These reports detail FEMSA's audited financial statements and are accessible on their investor relations website. FEMSA operates across various sectors, primarily in retail through its Proximity Division, which includes OXXO and OXXO Gas stores, and the Health Division, comprising drugstores. In the beverage sector, it holds a significant stake in Coca-Cola FEMSA and Heineken. The company employs over 350,000 people across 18 countries and is recognized for its sustainability efforts.

Fomento Económico Mexicano (FEMSA) invites stakeholders to its First Quarter 2023 Conference Call on April 28, 2023, at 11:00 AM ET. The company will release its quarterly results before markets open. To participate, call the toll-free number in the US at (866) 580 3963 or at +1 (786) 697 3501 for international calls, using the Conference ID: FEMSA. The call will be available as a live webcast on their investor relations website, and a replay will be accessible afterward. FEMSA, a prominent player in retail and beverage industries, operates various business units, including OXXO stores and Coca-Cola FEMSA. The company emphasizes creating economic and social value, demonstrating its commitment to sustainability.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) held its Annual and Extraordinary Shareholders’ Meetings on March 31, 2023. Key decisions included the approval of consolidated financial statements for 2022 and the CEO's annual report. Shareholders elected the board of directors and various committees for 2023. A cash dividend was declared: Ps. 0.7634 per Series 'D' share and Ps. 0.6107 per Series 'B' share, totaling Ps. 36.6440 per ADS, payable in two installments on May 8 and November 7, 2023. An amendment to reduce the minimum number of directors from 11 to 9 was also approved.

On March 17, 2023, Fomento Económico Mexicano (FMX) announced the results of its cash tender offers for several series of its notes, with an aggregate purchase price of up to US$2.0 billion. The offers expired on March 16, 2023, with successful acceptance of validly tendered notes. Significant participation included US$942.85 million of 3.500% Senior Notes due 2050 and €387.97 million of 0.500% Senior Notes due 2028. The final settlement date for accepted notes is expected on March 20, 2023. This action is part of FEMSA's strategic initiatives announced on February 15, 2023.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has proposed an ordinary dividend of Ps. 12,246 million for 2023, pending approval at the annual shareholders meeting on March 31, 2023. This proposal marks a 7.8% increase from the previous year’s dividend. FEMSA is renowned for its diverse operations, including the OXXO retail chain, Coca-Cola FEMSA, and its significant stake in Heineken. With over 350,000 employees across 18 countries, the company aims to create economic and social value while being a responsible employer and community member.

Fomento Económico Mexicano (FMX) announced the early tender results for its cash offers to purchase up to US$2 billion of its series of notes. As of March 3, 2023, the company accepted all validly tendered notes prior to the early tender time. The total cash payment for accepted notes is approximately US$1.39 billion, set for initial settlement on March 7, 2023. The offers will expire at 11:59 PM on March 16, 2023, unless extended. FEMSA is engaging BofA Securities as the dealer manager for the offers, part of a broader strategy outlined on February 15, 2023.

On March 2, 2023, Fomento Económico Mexicano (FMX) announced a cash tender offer for its outstanding notes, with a total consideration of up to US$2.0 billion. The offers include various series of notes, with specific terms outlined in the Offer to Purchase dated February 17, 2023. Holders must tender their notes by 2:00 a.m. on March 3, 2023, to qualify for early consideration. The final expiration for the offers is set for March 16, 2023. This move is part of FEMSA's strategic review to optimize its capital structure, aiming to enhance financial stability and operational efficiency.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) will hold its Annual Ordinary and Extraordinary Shareholders’ Meetings on March 31, 2023, in Monterrey, Mexico. The agenda includes a proposal to reduce the Board of Directors from 17 to 15 members, reflecting FEMSA's governance priorities announced in 2022. Detailed proposals, including nominations for the Board and various committees, will be available on their website by March 3, 2023. FEMSA is a diversified company involved in retail, beverages, and logistics, with over 350,000 employees across 18 countries.

Fomento Económico Mexicano (FMX) reported robust results for Q4 and full year 2022, highlighting a 23.0% revenue growth compared to Q4 2021. Key segments included Proximity with 17.1% revenue increase and Health showing 8.3% growth in same-store sales. Digital platforms like Spin by OXXO reached 3.9 million active users, while Coca-Cola FEMSA's volume grew by 4.6%. The CEO expressed optimism for 2023, emphasizing strong operational trends and significant growth potential through focused strategies.