HEINEKEN completes share repurchase programme
Posted: 3 October 2011 | HEINEKEN N.V | No comments yet
The share repurchase programme in connection with the acquisition of FEMSA Cerveza has been completed…
HEINEKEN N.V. today announced that the share repurchase programme in connection with the acquisition of FEMSA Cerveza has been completed.
A total of 29,172,504 shares were repurchased during 2010 and 2011 under the terms of the Allotted Share Delivery Instrument (“ASDI”) concluded between HEINEKEN N.V. and Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”). Of these, 28,101,410 have been delivered to FEMSA or a FEMSA group company and the remaining 1,071,094 will be delivered no later than 31 October 2011.
Based on the current shareholders’ equity base of HEINEKEN N.V., the weighted average diluted number of shares outstanding of HEINEKEN N.V. would be approximately 586.3 million for the full year 2011 and 576.0 million for the full year 2012.
The share repurchase programme was executed in line with the authorisation given by the Annual General Meeting of Shareholders, and the company posted the progress made in the execution on its website www.theHEINEKENcompany.com on a weekly basis.