Coca-Cola HBC AG (LSE:CCH) announces a share repurchase program. Under the program, the company intent to return up to ?400 million worth of its shares. It is expected that the implementation of the program will enhance earnings per share.
The repurchased ordinary shares will be held in treasury until they are either used to meet the needs of the company?s employee incentive schemes or, by affirmative resolution of the company?s shareholders, cancelled. The program will be valid through December 31, 2025.