Heidelberg Materials launches a €1.2 billion share buyback program

Heidelberg Materials AG announced today the implementation of a share buyback program, approved by its supervisory board, with a total investment of up to €1.2 billion. This program, excluding ancillary purchase costs, is expected to be completed no later than the end of 2026. This initiative follows the company's financial policy continuity, in line with the successful reduction of its net debt and positive developments in its activities during the previous financial year. It also reflects the company's desire to share its successes with its shareholders.

The share buyback process will take place in three phases, starting in the second quarter following the Annual General Meeting of 2024. Further details regarding the launch of the program will be communicated at a later date. In accordance with the authorizations received at the Annual General Meeting on May 11, 2023, this buyback will concern up to 10% of the share capital. The company reserves the right to suspend or terminate this program at any time and will provide regular updates on its progress via its website.