CCU Announces Shareholder Meeting & Dividend Distribution
Ticker: CCU · Form: 6-K · Filed: Mar 12, 2024 · CIK: 888746
| Field | Detail |
|---|---|
| Company | United Breweries CO INC (CCU) |
| Form Type | 6-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-meeting, dividend, annual-report
TL;DR
CCU meeting April 25th to approve 2023 financials & distribute ~$103M dividend.
AI Summary
Compañía Cervecerías Unidas S.A. (CCU) announced its Ordinary Shareholders' Meeting will be held on April 25, 2024, in Santiago, Chile. The agenda includes approving the annual report, financial statements for the year ended December 31, 2023, and the distribution of a dividend of approximately CLP 100,000,000,000 (around $103 million USD). Shareholders of record as of April 18, 2024, will be eligible to receive this dividend.
Why It Matters
This meeting will determine the company's financial performance for 2023 and approve a significant dividend payout, directly impacting shareholder returns.
Risk Assessment
Risk Level: low — This is a routine corporate announcement regarding a shareholder meeting and dividend distribution, with no new material risks introduced.
Key Numbers
- CLP 100,000,000,000 — Dividend Amount (Proposed distribution to shareholders)
- ~$103 million USD — Dividend Amount (USD) (Approximate conversion of proposed dividend)
Key Players & Entities
- Compañía Cervecerías Unidas S.A. (company) — Registrant
- CCU (company) — Abbreviation for Registrant
- April 25, 2024 (date) — Date of Ordinary Shareholders' Meeting
- December 31, 2023 (date) — Fiscal year end for financial statements
- CLP 100,000,000,000 (dollar_amount) — Proposed dividend amount
- $103 million USD (dollar_amount) — Approximate USD equivalent of dividend
- April 18, 2024 (date) — Record date for dividend eligibility
FAQ
When is the Ordinary Shareholders' Meeting scheduled?
The Ordinary Shareholders' Meeting is scheduled for April 25, 2024.
What is the primary purpose of the shareholder meeting?
The meeting's agenda includes approving the annual report, financial statements for the year ended December 31, 2023, and the distribution of a dividend.
What is the proposed dividend amount?
The proposed dividend is approximately CLP 100,000,000,000.
Who is eligible to receive the dividend?
Shareholders of record as of April 18, 2024, will be eligible to receive the dividend.
Where is the company incorporated?
The company is incorporated in the Republic of Chile.
Filing Stats: 721 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-03-12 13:49:14
Filing Documents
- ccu20240311_6k.htm (6-K) — 14KB
- ccu202403116k_002.jpg (GRAPHIC) — 12KB
- 0001292814-24-000791.txt ( ) — 32KB
Signatures
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 by the undersigned, thereunto duly authorized. Compaa Cerveceras Unidas S.A. (United Breweries Company, Inc.) /s/ Felipe Dubernet Chief Financial Officer Date: March 11, 2024