Heineken N.V. starts first phase of repurchasing shares in preparation for the acquisition of Femsa Cerveza
(Thomson Reuters ONE) -
Amsterdam, 8 March 2010 - Heineken N.V. announces today that, in connection with
the intended acquisition of FEMSA Cerveza that was announced on 11 January
2010, it will repurchase its own shares up to a maximum value of ?100 million
during the next three months. These shares are intended to be delivered to
Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") under the terms of the
Allotted Share Delivery Instrument (the "ASDI") to be concluded between Heineken
N.V. upon the completion of the acquisition of Femsa Cerveza.
The ASDI sets forth the terms under which Heineken N.V. will deliver
approximately 29 million Allotted Shares to FEMSA in two instalments per year
over a period of not more than five years. Heineken has the option to accelerate
the delivery of the shares at its discretion.
For this first phase, Heineken has mandated a bank to repurchase Heineken N.V.
shares in the open market on Heineken's behalf, starting 8 March 2010 up to and
including 8 June 2010, allowing the execution of share repurchases also during
closed periods.
This phase will be executed in line with the authorisation given by the Annual
General Meeting of Shareholders of 23 April 2009.
Heineken will regularly inform the market about the progress made in the
execution of this programme.
Press enquiries
Véronique Schyns
Tel: +31 (0)20 5239 355
veronique.schyns(at)heineken.com
Investor and analyst enquiries
Jan van de Merbel
Tel: +31 (0)20 5239 590
investors(at)heineken.com
Editorial information:
Heineken N.V. 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 we operate and to have the world's most
prominent brand portfolio. In 2009, the Company operated 125 breweries in more
than 70 countries and sold 159 million hectolitres of beer. 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, Foster's, Maes, Murphy's, Newcastle Brown Ale, Ochota,
Primus, Sagres, Star, Strongbow, Tiger and Zywiec. In 2009, revenue totalled
?14.7 billion and Net Profit before exceptional items and amortisation was ?1.0
billion. In 2009, the average number of people employed was 55,301. 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. Additional information is available on Heineken's home
page: http://www.heinekeninternational.com
[HUG#1391509]
Download Heineken N.V. Press Release here: http://hugin.info/130667/R/1391509/349339.pdf
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Datum: 08.03.2010 - 02:01 Uhr
Sprache: Deutsch
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