Heineken Holding N.V. Enhances Shareholder Value Through Buyback
Heineken Holding N.V. Reports on Share Buyback Progress
Heineken Holding N.V. shares its latest updates on the share buyback programme, a strategic move aimed at enhancing shareholder value. The company is actively engaging in the financial market. This initiative is designed to repurchase shares worth approximately €750 million, effectively returning cash to investors.
Transaction Details of the Share Buyback Programme
As part of its commitment to its shareholders, Heineken Holding N.V. has reported significant transaction details related to the first tranche of its buyback programme, involving a total allocation of circa €375 million. From May 19 to May 23, a notable number of shares were acquired on the exchange, specifically totaling 78,216 shares at an average price of €68.84.
Overview of Repurchases
By the conclusion of the recent reporting period, which includes transactions up to May 23, the total number of shares repurchased reached 924,441 shares. This strategic step came with a hefty total consideration amounting to €62,994,658, reflecting Heineken's proactive approach in managing its capital efficiently.
Ongoing Updates Available for Investors
Heineken Holding N.V. is committed to keeping its stakeholders informed. Regular updates regarding the share buyback programme are communicated weekly, providing transparency and confidence to shareholders. Investors can expect to see a weekly overview every Monday, allowing them to track the company's activities closely.
Contact Information for Inquiries
For those seeking further insights, inquiries can be directed to the Media Relations team of Heineken Holding N.V. If you're more inclined towards investment relations, the dedicated team for that aspect is also available. Here are their contacts:
- Kees Jongsma, Media Relations - Tel: +31 6 54 79 82 53, Email: cjongsma@spj.nl
- Christiaan Prins, Media Relations - Director of Global Communications
- Tristan van Strien, Investor Relations - Global Director of Investor Relations
- Marlie Paauw, Corporate Communications Lead
- Lennart Scholtus / Chris Steyn, Investor Relations Managers
- Email: pressoffice@heineken.com | investors@heineken.com
- Phone: +31-20-5239355 | +31-20-5239590
Heineken's Commitment to Sustainability and Innovation
Heineken Holding N.V. engages exclusively in the supervision of Heineken N.V., where it plays a significant role in guiding its sustainability efforts and product development. With a strong focus on innovation, the company aims to inspire togetherness and create a better future for all. Heineken stands out as the world’s most international brewer, showcasing over 340 unique beer and cider brands globally.
The Future of Brewing
In its pursuit of excellence, Heineken remains dedicated to long-term brand investments and innovative practices. The group's sustainability plan, titled "Brew a Better World," emphasizes ecological responsibility while maintaining a competitive edge in various markets. With a vast workforce exceeding 85,000 employees spread across more than 70 countries, Heineken aims to leave a meaningful impact on both the beverage industry and the communities it serves.
Frequently Asked Questions
What is the purpose of Heineken's share buyback programme?
The share buyback programme aims to enhance shareholder value by repurchasing shares and returning capital to investors.
What were the details of the recent share repurchases?
Heineken repurchased 78,216 shares at an average price of €68.84, totaling over €62 million in the programme.
How often does Heineken report on its share buyback progress?
Heineken provides updates on a weekly basis every Monday, ensuring transparency for its shareholders.
Who can be contacted for investor relations inquiries?
Inquiries can be directed to Christiaan Prins for media and Tristan van Strien for investor relations.
How does Heineken approach sustainability?
Heineken is committed to sustainability through its initiative "Brew a Better World," aiming for ecological responsibility and positive societal impact.
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