Heineken N.V. Updates Investors on Share Buyback Progress
Heineken N.V. Updates on Share Buyback Program
Heineken N.V. is actively updating its stakeholders about the latest transactions concerning its share buyback program. This initiative is part of a broader strategy that reflects the company's commitment to returning value to its shareholders.
Details of Recent Share Repurchases
Recently, Heineken N.V. reported the completion of transactions related to a significant tranche of its buyback program. Specifically, Heineken announced the progress of the first tranche, which is valued at €750 million of a total €1.5 billion program. This update was shared with investors as part of an ongoing commitment to transparency.
During the specified period from mid-June, the company successfully repurchased a total of 70,000 shares on the exchange, achieving an average repurchase price of €75.55. Additionally, Heineken repurchased 70,010 shares from Heineken Holding N.V., illustrating the company's robust approach to managing its share structure.
Aggregate Share Buyback Insights
As of the end of the reporting period, Heineken N.V. has successfully repurchased approximately 2,420,360 shares under the buyback program. The total spending for these transactions has amounted to roughly €188,182,462. This figure includes the shares acquired from Heineken Holding N.V., which further strengthens the company's operational integrity.
Investor Engagement and Communication
Heineken emphasizes its dedication to maintaining open lines of communication with its investors. As such, the company provides a weekly overview of the share buyback progress. These updates are readily accessible every Monday through the company's official website, serving as a reliable resource for investors seeking timely information.
Who to Contact for More Information
If you have questions or need further details, Heineken has made it easy to get in touch with their communications and investor relations teams. For media inquiries, Christiaan Prins serves as the Director of Global Communication. He can be contacted directly through email at pressoffice@heineken.com or by phone at +31-20-5239355.
On the investor side, Tristan van Strien, the Global Director of Investor Relations, is available for any investment-related questions. Investors can reach out via email at investors@heineken.com or by calling +31-20-5239590.
Regulatory Compliance and Sustainability
This update aligns with the regulatory framework established in the EU, particularly under Article 5(1)(b) of Regulation (EU) 596/2014, governing the disclosure of buyback programs. Heineken is committed to ensuring compliance with all regulations while fostering a sustainable business model.
HEINEKEN is recognized globally as one of the top international brewers, leading the market with a diverse portfolio that covers over 340 different brands of beer and cider. The company prides itself on fostering a culture of sustainability through its initiative, "Brew a Better World." Heineken's commitment to social responsibility is deeply ingrained in its operational principles, ensuring that it contributes positively to communities worldwide.
Frequently Asked Questions
What is the total amount allocated for the buyback program?
The total buyback program is valued at €1.5 billion, with the first tranche being €750 million.
How many shares did Heineken repurchase recently?
Heineken repurchased a total of 70,000 shares on the exchange and 70,010 shares from Heineken Holding N.V. during the reporting period.
Where can I find more information about Heineken's buyback program?
Heineken provides weekly updates every Monday on their official website regarding the share buyback program progress.
Who can I contact for media inquiries?
Christiaan Prins, the Director of Global Communication, can be contacted for media inquiries via email at pressoffice@heineken.com.
What brands does Heineken promote?
Heineken promotes over 340 brands, including its flagship Heineken® beer and various specialty beers and ciders.
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