Heineken Holding N.V. Reports on Share Buyback Programme
Heineken Holding N.V. is proud to announce detailed transactions regarding its significant share buyback programme. This programme includes a sizeable investment of up to approximately €750 million, with the initial tranche amounting to around €375 million.
Transaction Details and Impact
The company recently completed a series of share repurchases from July 14 to July 18. During this period, a total of 69,809 shares were purchased on the exchange, with an average trading price of €65.03. In total, up to that date, Heineken Holding N.V. had repurchased 1,441,001 shares, representing a total value of €97,320,138. As a reminder, this strategic move is aimed at enhancing shareholder value and reflects the company's commitment to return capital to its shareholders.
Ongoing Commitment to Shareholders
Heineken Holdings provides a transparent overview of the ongoing share buyback programme. Every Monday, the company updates its shareholders through public disclosures, enabling investors to keep track of the purchases. This level of transparency supports the company’s dedication to its loyal shareholders.
Regulatory Compliance and Company Overview
Heineken Holding N.V. issues this report following its obligation to comply with regulatory guidelines as laid out in European legislation regarding buyback programmes. The company emphasizes its commitment to responsible corporate governance and practices that support sustainable growth.
A Leader in the Beverage Industry
Moreover, Heineken is known globally as a leading brewer, distinguished for its premium, international beer and cider brands. With over 340 brands and a workforce of more than 85,000 employees, Heineken continues to influence the beverage market positively. The Group's commitment to sustainability is evident through its initiatives aimed at fostering a better world through brewing.
Global Presence and Innovation
Heineken operates in over 70 countries, establishing a strong footprint in both developing and developed markets. This global presence allows the company to share its brewing expertise and drive innovation across various regions, enhancing its product portfolio with both local and international flavors.
Contact Information
For media inquiries, individuals may contact Kees Jongsma at +31 6 54 79 82 53 or via email at cjongsma@spj.nl. Investor-related inquiries can be directed to Tristan van Strien at +31-20-5239590 or via email at investors@heineken.com.
Frequently Asked Questions
What is the purpose of the share buyback programme?
The share buyback programme aims to enhance shareholder value and reflect the company’s commitment to returning capital to its shareholders.
How many shares has Heineken repurchased?
Heineken has repurchased a total of 1,441,001 shares under its current buyback programme.
What was the average price per share during the latest purchases?
The average price per share during the recent transactions was €65.03.
When does Heineken publish updates on its share buyback?
Heineken publishes updates on the progress of its share buyback programme every Monday.
Who can be contacted for further information about Heineken?
For media inquiries, Kees Jongsma can be contacted, while inquiries from investors should be directed to Tristan van Strien.
