DGAP-Adhoc: HeidelbergCement AG: Ad-hoc: HeidelbergCement decides on share buyback programme with a total amount of up to €1 billion
DGAP-Ad-hoc: HeidelbergCement AG / Key word(s): Share Buyback
HeidelbergCement AG: Ad-hoc: HeidelbergCement decides on share buyback programme with a total amount of up to €1 billion
28-Jul-2021 / 16:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
28 July 2021
Ad-hoc: HeidelbergCement decides on share buyback programme with a total amount of up to €1 billion
The Managing Board of HeidelbergCement AG has decided on a share buyback programme with a total amount of up to €1 billion (excluding incidental purchase costs) which is expected to be completed by September 2023. The share buyback programme is in line with the company's financial policy and should be seen in the context of the successful net debt reduction as well as the good business development in the current financial year.
The share buyback will be carried out in several tranches. The first tranche in the amount of €300 to €350 million is scheduled to start in August 2021 and is to be completed by January 2022 at the latest. Further details will be announced before the beginning of the share buyback.
The share buyback will be carried out via the stock exchange. In doing so, the Managing Board will make use of the authorisation granted by the Annual General Meeting on 6 May 2021, according to which the company may acquire its own shares of up to 10% of the share capital existing until 5 May 2026; this corresponds to 19,841,647 shares. HeidelbergCement AG intends to hold the acquired shares as treasury shares for the time being.
HeidelbergCement AG reserves the right to interrupt or discontinue the share buyback programme at any time.
The Company will provide regular information on the progress of the share buyback programme on its website, in compliance with the correspondent requirements.
HeidelbergCement is one of the world's largest integrated manufacturers of building materials and solutions, with leading market positions in aggregates, cement, and ready-mixed concrete. Around 53,000 employees at more than 3,000 locations in over 50 countries deliver long-term financial performance through operational excellence and openness for change. At the center of actions lies the responsibility for the environment. As forerunner on the path to carbon neutrality, HeidelbergCement crafts material solutions for the future.
Disclaimer - forward-looking statements
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although HeidelbergCement believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of HeidelbergCement, including but not limited to the risks described in the HeidelbergCement annual report available on its website (www.heidelbergcement.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. HeidelbergCement does not undertake to provide updates of these forward-looking statements.
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1222415 28-Jul-2021 CET/CEST
Quelle: boersengefluester.de und Firmenangaben
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