147
Dividend policy
The dividend policy of Heineken N.V. intends to preserve the
independence of the Company, to maintain a healthy financial
structure and to retain sufficient earnings in order to grow the
business both organically and through acquisitions.
The dividend payments are related to the annual development
of the net profit before exceptional items and amortisation
of brands (net profit beia), which translates in a dividend payout
of 30-35 percent.
Dividends are paid in the form of an interim dividend and a final
dividend. The interim dividend is fixed at 40 per cent of the total
dividend of the previous year. Annual dividend proposals will
remain subject to shareholder approval.
Bondholder information
On 4 November 2003, Heineken N.V. issued two bonds for a total
of EUR1.1 billion, of which a bond with a face value of EUR500
million and a coupon of 4.375 per cent was repaid at maturity
in February 2010.
In September 2008, Heineken established a Euro Medium Term
Note (EMTN) Programme which was subsequently updated in
2009 and 2010. The programme allows Heineken N.V. from time
to time to issue Notes. Currently, the programme allows to issue
Notes for a total amount of up to EUR5 billion. As currently
approximately EUR1.9 billion is outstanding, Heineken still has
capacity of EUR3.1 billion under the programme. The programme
can be used for issuance up to one year after its latest update.
The EMTN programme and all Heineken N.V. bonds are listed
on the Luxembourg Stock Exchange.
Contacting Heineken N.V. and Heineken Holding N.V.
Further information on Heineken N.V. is obtainable from
the Global Corporate Relations and/or Investor Relations
department, telephone +31 20 523 99 99 or by email:
investors@heineken.com.
Further information on Heineken Holding N.V. is obtainable by
telephone +31 20 622 11 52 or fax +31 20 625 22 13. Information
is also obtainable from the Investor Relations department,
telephone +31 20 523 97 77 or by email:
investors@heineken.com.
The website www.heinekeninternational.com also carries further
information about both Heineken N.V. and Heineken Holding N.V.
Heineken N.V.
Bond 2013
Heineken N.V.
EMTN 2014
Heineken N.V.
EMTN 2015
Heineken N.V.
EMTN 2016
Issue date
Total face value*
Interest rate
Maturity
ISIN code
4 November 2003
EUR600 million
5.0%
4 November 2013
XS0179266753
6 April 2009
EUR1 billion
7.125%
7 April 2014
XS0421464719
10 March 2009
GBP400 million
7.25%
10 March 2015
XS0416081296
8 October 2010
EUR400 million
4.625%
10 October 2016
XS0456567055
The difference versus the amount displayed in the balance sheet is due to the amortisation of issue costs.
Heineken N.V. Annual Report 2010
