Heineken increases maximum value of share repurchasing programme related to the acquisition of FEMSA beer businesses
(Thomson Reuters ONE) -
Amsterdam, 21 March 2011 - Heineken N.V. announced today that in connection with
the acquisition of FEMSA Cerveza that was completed on 30 April 2010, it has
increased the maximum value of the third phase of its existing share buyback
programme from ?150 million to ?300 million. This third phase of the programme,
covering the period 18 November 2010 up to and including 16 June 2011, was
announced on 17 November 2010.
These shares are intended to be delivered to Fómento Económico Mexicano, S.A.B.
de C.V. ("FEMSA") or a FEMSA group company under the terms of the Allotted Share
Delivery Instrument (the "ASDI") concluded between Heineken N.V. and FEMSA. The
ASDI sets forth the terms under which Heineken N.V. will deliver approximately
29 million allotted Heineken N.V. shares to FEMSA. The third phase of the share
repurchase programme is being executed in line with the authorisation given by
the General Meeting of Shareholders.
Heineken posts the progress made in the execution of the programme on its
website www.heinekeninternational.com on a weekly basis.
Press enquiries
John-Paul Schuirink
Tel: +31 (0)20 5239 355
john-paul.schuirink(at)heineken.com
Investor and analyst enquiries
Jan van de Merbel
Tel: +31 (0)20 5239 590
investors(at)heineken.com
Editorial information:
Heineken is one of the world's great brewers and is committed to growth and
remaining independent. The brand that bears the founder's family name - Heineken
- is available in almost every country on the globe and is the world's most
valuable international premium beer brand. The Company's aim is to be a leading
brewer in each of the markets in which it operates and to have the world's most
valuable brand portfolio. The Company operates 140 breweries in more than 70
countries and sold 205 million hectolitres of beer on a 2010 pro-forma basis.
Heineken is Europe's largest brewer and the world's third largest by volume.
Heineken is committed to the responsible marketing and consumption of its more
than 200 international premium, regional, local and specialty beers and ciders.
These include Amstel, Birra Moretti, Cruzcampo, Dos Equis, Foster's, Kingfisher,
Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger
and Zywiec. On a 2010 pro-forma basis, including FEMSA Cerveza, revenue totalled
?17 billion and EBIT (beia) was ?2.7 billion. The average number of people
employed is more than 70,000. Heineken N.V. and Heineken Holding N.V. shares are
listed on the Amsterdam stock exchange. Prices for the ordinary shares may be
accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on the Reuter
Equities 2000 Service under HEIN.AS and HEIO.AS. Most recent information is
available on Heineken's website: http://www.heinekeninternational.com.
Download Heineken N.V. press release.:
http://hugin.info/130667/R/1498196/433860.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Heineken N.V. via Thomson Reuters ONE
[HUG#1498196]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 52592
Anzahl Zeichen: 3766
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Heineken increases maximum value of share repurchasing programme related to the acquisition of FEMSA beer businesses"
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