Nestle S A : Nestlé terminates existing share buyback program, will start new share buyback program of up to CHF 20 billion on January 3, 2022
December 30, 2021 at 01:17 pm EST
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Nestlé S.A. today terminated its existing share buyback program initiated on January 3, 2020. Since January 3, 2020, Nestlé S.A. has repurchased 123,081,800 of its shares for a total of 13,057 billion at an average price of 106.08 per share, almost two thirds of the anticipated CHF 20 billion existing program volume.
A total of 71,973,941 repurchased shares were cancelled by the Annual General Meetings held on April 23, 2020 and on April 15, 2021. As a result, the share capital of Nestlé S.A. has been reduced to 281,500,000 at the present time. The Annual General Meeting 2022 of Nestlé S.A. will decide upon the cancellation of the remaining 51,107,859 shares repurchased under the share buyback program terminated today.
As announced on December 7, 2021, Nestlé S.A. will start a new share buyback program of up to 20 billion on January 3, 2022. The company expects to buy around 10 billion of shares in the first twelve months. The new share buyback program shall be completed by the end of December 2024.
Concurrently with this press release, Nestlé S.A. has published the details of the program in a buyback notice. The volume of monthly share buybacks will depend on market conditions. Should any sizable acquisitions take place, the amount of the share buyback program will be adjusted accordingly.
Contacts:
Media:
Christoph Meier Tel.: +41 21 924 2200
mediarelations@nestle.com
Nestlé SA published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 18:16:07 UTC.
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
