What is the total amount of shares repurchased to date and the remaining allocation in the buyback programme?

Answer

• Shares repurchased to date: 5.2 million shares (approximately €104 million at the current average execution price).
  
• Remaining allocation: 19.8 million shares (the balance of the €500 million programme, roughly €396 million worth at today’s price).

Trading implications

Heineken’s buy‑back is now about 21 % through its €500 million mandate, indicating a steady but measured execution pace. The continued repurchase pressure adds a supportive floor to the stock, especially in a market where consumer‑goods equities have been under pressure from higher input costs. With roughly 80 % of the allocation still available, the company retains significant flexibility to intervene should the share price dip below its current ~€20‑€21 range. Traders could look for short‑term buying opportunities on pull‑backs toward the €19‑€20 level, where the buy‑back is likely to step in, while also monitoring any forward‑looking guidance from Heineken that could accelerate the remainder of the programme (e.g., a surprise earnings beat or a favorable currency swing).

In summary, the sizeable residual share‑buyback capacity makes Heineken a buy‑the‑dip candidate in the near term, with the upside potential limited by the remaining allocation and the company’s disciplined execution schedule.