Heineken Holding N.V. Updates on Recent Share Buyback Activity
Heineken Holding N.V. Share Buyback Updates
Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) has recently shared important details regarding its ongoing share buyback program. This initiative, which aims at repurchasing shares valued up to €750 million, is part of Heineken's strategy to enhance shareholder value.
Details of the Current Tranche
The first tranche of this buyback program involves a package of approximately €375 million. Recent reports indicate that between specific dates, Heineken successfully repurchased a total of 74,909 shares on the open market at an average price of €70.32. This reflects the company's commitment to following through on its buyback strategy.
Accumulated Shares
As of the report, Heineken has accumulated 846,225 shares through its buyback program, which has resulted in a total expenditure of nearly €57.6 million. This continued investment signifies the brand's confidence in its future performance and commitment to maximizing shareholder returns.
Regular Reporting on Share Buybacks
Heineken is dedicated to transparency regarding the progress of its share buyback initiatives. Each week, the company publishes updates every Monday on its official website, providing investors with the latest insights into the ongoing buyback activities.
Communication Contacts
For any inquiries regarding the share buyback program or other investor relations matters, interested parties can reach out to the following contacts within Heineken:
Media Contacts
Kees Jongsma
Tel: +31 6 54 79 82 53
E-mail: cjongsma@spj.nl
Investor Relations Contacts
Christiaan Prins
Director of Global Communications
Tel: +31-20-5239355
E-mail: pressoffice@heineken.com
Tristan van Strien
Global Director of Investor Relations
Tel: +31-20-5239590
E-mail: investors@heineken.com
Commitment to Sustainability and Future Growth
Heineken's operational strategy revolves around sustainability and brand investment. With an impressive portfolio that includes more than 340 premium and non-alcoholic beverage brands, Heineken aims to innovate and enhance its market presence effectively. Their motto, "Brew a Better World", underscores their commitment to responsible business practices and social impact.
Global Presence and Market Leadership
Heineken operates in over 70 countries, establishing leadership in both developed and emerging markets, ensuring a highly strategic geographic distribution. This broad reach plays a crucial role in maintaining its competitive edge within the global brewing industry.
Frequently Asked Questions
What is the purpose of Heineken's share buyback program?
The share buyback program aims to increase shareholder value by repurchasing shares, thereby reducing the number of outstanding shares and potentially increasing earnings per share.
How many shares has Heineken repurchased so far?
As of the latest reports, Heineken has repurchased a total of 846,225 shares under the buyback program.
When does Heineken provide updates on its buyback program?
Heineken publishes updates regarding the buyback program every Monday on its official website.
Who can I contact for inquiries related to Heineken's share buyback?
For media inquiries, contact Kees Jongsma, and for investor relations, contact either Christiaan Prins or Tristan van Strien.
What is Heineken's approach to sustainability?
Heineken is committed to sustainability through its initiative "Brew a Better World", focusing on responsible production and innovation while being a leader in the brewing industry.
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