Heineken Holding N.V. Provides Update on Share Buyback Efforts
Heineken Holding N.V. Updates Share Buyback Programme
Heineken Holding N.V., a key player in the global brewing industry, has announced significant developments regarding its share buyback programme. This initiative is part of a larger strategy aiming to return value to shareholders and manage capital effectively. The aim is to repurchase shares worth up to approximately €750 million, and recent reports have shed light on the progress made in this endeavour.
Recent Transaction Highlights
From June 23 to June 27, a total of 56,008 shares were repurchased on the exchange at an average price of €64.31 per share. This activity represents the first tranche of the ongoing share buyback programme, which is set to cover an allocated amount of around €375 million.
To date, the total shares repurchased under this programme have reached 1,259,281, translating to a total expenditure of €85,527,761. Heineken’s commitment to this initiative reflects its strategic planning to enhance shareholder value and strengthen its market position.
Program Progress Monitoring
Heineken Holding N.V. maintains transparency in its operations by providing regular updates on the buyback programme. Shareholders and stakeholders can anticipate a weekly overview every Monday, accessible on the company's corporate website. This consistent reporting allows for greater insight into the effectiveness of the buyback strategy.
Company Overview
Heineken Holding N.V. operates primarily in conjunction with Heineken N.V. and focuses on managing its interests in the global brewing market. Recognized as the world's most international brewer, Heineken produces an extensive range of beverages, including more than 340 brands. This diverse portfolio encompasses both alcoholic and non-alcoholic options, catering to a wide array of consumer preferences.
Driving its operations are over 85,000 employees who contribute to brewing delightful experiences and togetherness across the globe. HEINEKEN's ambitious vision aims to shape the beer industry and create lasting connections with consumers.
Commitment to Sustainability
Heineken's approach to business goes beyond simply brewing quality beverages; it integrates sustainability into its core operations. Through its initiative "Brew a Better World," Heineken is committed to creating a positive impact on communities and the environment. This vision encompasses everything from responsible sourcing of ingredients to investing in energy-efficient production methods.
Contact Information
For media inquiries, Heineken Holding N.V. can be reached through:
Kees Jongsma
Tel: +31 6 54 79 82 53
Email: cjongsma@spj.nl
For investor relations, please contact:
Tristan van Strien
Global Director of Investor Relations
Tel: +31-20-5239590
Email: investors@heineken.com
Frequently Asked Questions
What is Heineken's share buyback programme?
Heineken's share buyback programme involves repurchasing shares to enhance shareholder value and manage capital more effectively.
How many shares have been repurchased so far?
As of the latest update, a total of 1,259,281 shares have been repurchased under the programme.
What is the total expenditure on the share buyback?
The total expenditure to date for the share buyback programme is approximately €85,527,761.
How often does Heineken update its shareholders on the buyback programme?
Heineken provides weekly updates every Monday regarding the progress of its share buyback programme.
What is Heineken's commitment to sustainability?
Heineken is dedicated to sustainability through its "Brew a Better World" initiative, focusing on making a positive environmental and social impact.
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