Heineken Holding N.V. announces first tranche of its share buyback programme

Heineken Holding N.V. announces first tranche of its share buyback programme

Amsterdam, 13 February 2025 – Heineken Holding N.V. [(EURONEXT:HEIO; OTCQX: HKHHY)] announces the start of the first up to circa €375 million tranche of its up to circa €750 million two-year share buyback programme, as communicated on 12 February 2025. 
Heineken Holding N.V. will use the proceeds of its pro rata participation in the Heineken N.V. share buyback programme to repurchase, on a daily basis, a number of Heineken Holding N.V shares equal to the number of Heineken N.V. shares that Heineken Holding N.V. will sell to Heineken N.V. The Heineken N.V. shares will be sold by Heineken Holding N.V. for the price of the volume-weighted average price of the shares acquired by Heineken N.V. on market on the relevant day. Heineken N.V. and Heineken Holding N.V. have entered into an arrangement to ensure Heineken Holding N.V.’s participation in Heineken N.V.’s share buyback programme is implemented in conformity with Heineken Holding N.V.’s articles of association.
The first tranche of the Heineken Holding N.V’s share buyback programme is expected to complete no later than 30 January 2026, or so much earlier as the amount dedicated to the first tranche has been spent, barring unforeseen circumstances. Repurchased shares will be cancelled to reduce Heineken Holding N.V.’s issued share capital. 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 Holding N.V. Annual General Meeting of Shareholders and the authority granted by future general meetings of Heineken Holding N.V.
L’Arche Green N.V., Heineken Holding N.V.’s majority shareholder, is supportive of the share buyback programme and as such has irrevocably undertaken to vote in favour of any requested share buyback and share cancellation mandates in relation to the announced programme at future general meetings of Heineken Holding N.V. L’Arche Green N.V. remains strongly committed as Heineken Holding N.V.’s long-term majority shareholder and will not participate in the programme.
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 compliance with the safe harbour provisions for share buybacks.
Heineken Holding N.V. will inform the market of the progress of the programme through regular press releases and updates on its website (www.heinekenholding.com/investors). 

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. 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. HEINEKEN’s dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is 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. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on www.heinekenholding.com and www.theheinekencompany.com and follow HEINEKEN on LinkedIn, Twitter 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.

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• Heineken Holding N.V. First tranche share buyback