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Heineken Holding N.V. announces second tranche of its €750 million share buyback programme

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Heineken Holding N.V. (OTCQX: HKHHY) has started the second €375 million tranche of its up to circa €750 million, two-year share buyback programme.

The repurchased shares will be cancelled to reduce issued share capital, the tranche is expected to complete no later than 29 January 2027, and the programme may be suspended, modified, or discontinued at any time.

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Positive

  • Second tranche launched: €375 million
  • All repurchased shares will be cancelled to reduce issued capital
  • Tranche completion deadline: 29 January 2027

Negative

  • Programme may be suspended, modified, or discontinued at any time

News Market Reaction – HKHHY

+2.40%
1 alert
+2.40% News Effect

On the day this news was published, HKHHY gained 2.40%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Heineken Holding N.V. announces second tranche of its €750 million share buyback programme

Amsterdam, 12 February 2026 – Heineken Holding N.V. [(EURONEXT:HEIO; OTCQX: HKHHY)] announces the start of the second €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 second tranche of the Heineken Holding N.V. share buyback programme is expected to complete no later than 29 January 2027, or so much earlier as the amount dedicated to the second tranche has been spent, barring unforeseen circumstances. All shares that are repurchased under the programme 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 limitations of the existing authority granted in the 17 April 2025 General Meeting of Shareholders of Heineken Holding N.V. and the authority granted by future general meetings of Heineken Holding N.V.

The programme will be executed in compliance with the Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052, (“Market Abuse Regulation”), including, with respect to the repurchase of shares on the market, 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.heinekencompany.com/investors).

Enquiries


Media Heineken Holding N.V.  
Kees Jongsma  
tel. +31 6 54 79 82 53  
E-mail: cjongsma@spj.nl

 
  
   
Media Investors
Christiaan Prins Tristan van Strien
Director of Global Communications Global Director of Investor Relations
Marlie Paauw Lennart Scholtus / Chris Steyn
Global Media Lead Investor Relations Manager / Senior Analyst
E-mail: pressoffice@heineken.com E-mail: investors@heineken.com
Tel: +31-20-5239355 Tel: +31-20-5239590

Regulatory information:
This press release is issued in connection with the disclosure and reporting obligations as set out in Article 5(1)(b) Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052 that contains technical standards for buyback programs.

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 pioneering beer company. 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, HEINEKEN brews 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 and Instagram.

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FAQ

What is the size and purpose of the Heineken Holding N.V. (HKHHY) second tranche announced on 12 February 2026?

The second tranche is €375 million to continue a two-year buyback, reducing share count and capital. According to Heineken Holding N.V., the tranche funds repurchases executed daily in line with Heineken N.V.'s buyback activity and cancelled to reduce issued capital.

When will the HKHHY second tranche buyback programme complete and are there timing conditions?

The tranche is expected to complete no later than 29 January 2027, barring unforeseen circumstances. According to Heineken Holding N.V., completion may occur earlier if the dedicated amount is spent and the programme can be suspended or modified at any time.

How will Heineken Holding N.V. (HKHHY) execute repurchases under the second tranche?

Repurchases will be executed daily using proceeds from its pro rata participation in Heineken N.V.'s buyback. According to Heineken Holding N.V., Heineken N.V. sells shares at the VWAP acquired that day and an arrangement ensures conformity with articles of association.

Will the repurchased HKHHY shares be cancelled or held as treasury shares?

All repurchased shares will be cancelled to reduce Heineken Holding N.V.'s issued share capital. According to Heineken Holding N.V., cancellations are the planned outcome for shares repurchased under the programme.

What legal and regulatory rules govern the HKHHY buyback programme announced in February 2026?

The programme will be executed in compliance with Market Abuse Regulation 596/2014 and Delegated Regulation (EU) 2016/1052. According to Heineken Holding N.V., repurchases will follow the safe-harbour provisions for share buybacks and shareholder-authority limits.
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