Heineken N.V. announces first tranche of its €1.5 billion share buyback programme
Heineken N.V. (HEINY) has announced the launch of its €1.5 billion share buyback programme, starting with a first tranche of €750 million. The initial phase is expected to complete by January 30, 2026, unless the allocated amount is spent earlier. Heineken Holding N.V., the company's majority shareholder, will participate proportionally to its shareholding on a daily basis.
The shares will be purchased at the volume-weighted average price of shares acquired by HEINEKEN on the market. All repurchased shares under this programme will be cancelled. The buyback will be executed within existing shareholder authority and in compliance with Market Abuse Regulation 596/2014, including safe harbour provisions for share buybacks.
Heineken N.V. (HEINY) ha annunciato il lancio del suo programma di riacquisto di azioni del valore di 1,5 miliardi di euro, iniziando con una prima tranche di 750 milioni di euro. La fase iniziale dovrebbe concludersi entro il 30 gennaio 2026, a meno che l'importo allocato non venga speso prima. Heineken Holding N.V., il principale azionista della società, parteciperà proporzionalmente alla propria partecipazione su base giornaliera.
Le azioni saranno acquistate al prezzo medio ponderato per volume delle azioni acquisite da HEINEKEN sul mercato. Tutte le azioni riacquistate nell'ambito di questo programma saranno cancellate. Il riacquisto sarà eseguito nell'ambito dell'autorità esistente degli azionisti e in conformità con il Regolamento sull'abuso di mercato 596/2014, comprese le disposizioni di protezione per i riacquisti di azioni.
Heineken N.V. (HEINY) ha anunciado el lanzamiento de su programa de recompra de acciones por valor de 1.500 millones de euros, comenzando con un primer tramo de 750 millones de euros. Se espera que la fase inicial se complete antes del 30 de enero de 2026, a menos que la cantidad asignada se gaste antes. Heineken Holding N.V., el accionista mayoritario de la empresa, participará proporcionalmente a su participación diaria.
Las acciones se comprarán al precio promedio ponderado por volumen de las acciones adquiridas por HEINEKEN en el mercado. Todas las acciones recompradas bajo este programa serán canceladas. La recompra se llevará a cabo dentro de la autoridad existente de los accionistas y en cumplimiento del Reglamento de Abuso de Mercado 596/2014, incluidas las disposiciones de refugio seguro para las recompras de acciones.
하이네켄 N.V. (HEINY)는 15억 유로 규모의 자사주 매입 프로그램을 발표하며, 7억 5천만 유로의 첫 번째 트랜치를 시작합니다. 초기 단계는 2026년 1월 30일까지 완료될 것으로 예상되지만, 할당된 금액이 조기 소진될 경우에는 변경될 수 있습니다. 하이네켄 홀딩 N.V., 회사의 대주주는 매일 자신의 지분에 비례하여 참여할 것입니다.
주식은 하이네켄이 시장에서 매입한 주식의 거래량 가중 평균 가격으로 구매됩니다. 이 프로그램에 따라 매입된 모든 주식은 취소됩니다. 자사주 매입은 기존 주주 권한 내에서 수행되며, 시장 남용 규정 596/2014을 준수하고 자사주 매입에 대한 안전 항구 조항을 포함합니다.
Heineken N.V. (HEINY) a annoncé le lancement de son programme de rachat d'actions d'un montant de 1,5 milliard d'euros, commençant par une première tranche de 750 millions d'euros. La phase initiale devrait se terminer d'ici le 30 janvier 2026, sauf si le montant alloué est dépensé plus tôt. Heineken Holding N.V., l'actionnaire majoritaire de l'entreprise, participera proportionnellement à sa participation quotidienne.
Les actions seront achetées au prix moyen pondéré par le volume des actions acquises par HEINEKEN sur le marché. Toutes les actions rachetées dans le cadre de ce programme seront annulées. Le rachat sera effectué dans le cadre de l'autorité existante des actionnaires et conformément au Règlement sur les abus de marché 596/2014, y compris les dispositions de protection pour les rachats d'actions.
Heineken N.V. (HEINY) hat die Einführung seines Aktienrückkaufprogramms im Wert von 1,5 Milliarden Euro angekündigt, beginnend mit einer ersten Tranche von 750 Millionen Euro. Die erste Phase soll bis zum 30. Januar 2026 abgeschlossen sein, es sei denn, der zugewiesene Betrag wird vorher aufgebraucht. Heineken Holding N.V., der Mehrheitsaktionär des Unternehmens, wird proportional zu seinem Aktienanteil täglich teilnehmen.
Die Aktien werden zum volumen-gewichteten Durchschnittspreis der von HEINEKEN am Markt erworbenen Aktien gekauft. Alle im Rahmen dieses Programms zurückgekauften Aktien werden annulliert. Der Rückkauf wird innerhalb der bestehenden Aktionärsbefugnisse und in Übereinstimmung mit der Marktmissbrauchsverordnung 596/2014 durchgeführt, einschließlich der Bestimmungen zum sicheren Hafen für Aktienrückkäufe.
- €1.5 billion total share buyback program demonstrates strong financial position
- Share cancellation will reduce share count, potentially increasing EPS
- Structured approach with two-year timeline shows organized capital return strategy
- Significant cash outflow of €1.5 billion may reduce funds available for other investments
- Extended timeline until January 2026 for first tranche completion
Heineken N.V. announces first tranche of its
| Press release |
Amsterdam, 13 February 2025 – Heineken N.V. (HEINEKEN) [(EURONEXT:HEIA; OTCQX: HEINY)] announces the start of the first
Heineken Holding N.V. (Heineken Holding), HEINEKEN's majority shareholder, will participate pro rata to its shareholding in HEINEKEN's share buyback programme on a daily basis, pursuant to an agreement between HEINEKEN and Heineken Holding. The price per HEINEKEN share payable to Heineken Holding will be the volume-weighted average price of the shares acquired by HEINEKEN on market as part of the programme on the relevant day. HEINEKEN and Heineken Holding have entered into an arrangement to ensure Heineken Holding's participation in HEINEKEN's share buyback programme is implemented in conformity with Heineken Holding's articles of association.
The first tranche of the HEINEKEN share buyback programme is expected to be completed no later than 30 January 2026, or so much earlier as the amount dedicated to the first tranche has been spent, barring unforeseen circumstances. All shares that are repurchased under the programme will be cancelled. The share buyback programme may be suspended, modified, or discontinued at any time.
The programme will be executed within the existing authority granted in the 25 April 2024 HEINEKEN Annual General Meeting of Shareholders and the authority to be granted by future general meetings of HEINEKEN.
The programme will be executed in compliance with the Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052 (as amended, “Market Abuse Regulation”), including, with respect to the repurchase of shares on the market, compliance with the safe harbour provisions for share buybacks.
HEINEKEN will inform the market of the progress of the programme through regular press releases and updates on its website (www.heinekencompany.com/investors).
| Enquiries |
| Media | Investors |
| Christiaan Prins | Tristan van Strien |
| Director of Global Communication | Global Director of Investor Relations |
| Marlie Paauw | Lennart Scholtus / Chris Steyn |
| Corporate Communications Lead | Investor Relations Manager / Senior Analyst |
| E-mail: pressoffice@heineken.com | E-mail: investors@heineken.com |
| Tel: +31-20-5239355 | Tel: +31-20-5239590 |
Editorial information:
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 340 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company's website and follow us on LinkedIn and Instagram.
Disclaimer:
This press release contains forward-looking statements based on current expectations and assumptions with regards to the financial position and results of HEINEKEN’s activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Forward-looking statements also include, but are not limited to, statements and information in HEINEKEN’s non-financial reporting, such as HEINEKEN’s emissions reduction and other climate change related matters (including actions, potential impacts and risks associated therewith). These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “goals”, “intend”, “may”, “milestones”, “objectives”, “outlook”, “plan”, “probably”, “project”, “risks”, “schedule”, “seek”, “should”, “target”, “will” and similar terms and phrases. These forward-looking statements, while based on management's current expectations and assumptions, are not guarantees of future performance since they are subject to numerous assumptions, known and unknown risks and uncertainties, which may change over time, that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond HEINEKEN’s ability to control or estimate precisely, such as but not limited to future market and economic conditions, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials and other goods and services, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, environmental and physical risks, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN assumes no duty to and does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.
Attachment
FAQ
What is the total value of Heineken's (HEINY) 2025 share buyback program?
How much is the first tranche of HEINY's 2025 share buyback program?
When will Heineken's (HEINY) first buyback tranche be completed?
Will Heineken Holding N.V. participate in HEINY's 2025 share buyback?
What will happen to the HEINY shares purchased in the buyback program?
