Euronext Amsterdam introduces Heineken Holding options

On the January 27, 2003, Euronext N.V. will introduce options on Heineken Holding shares. The Heineken Holding options will be listed on the index in addition to the existing options on Heineken N.V. shares. Euronext is introducing the options on Heineken Holding shares to offer shareholders greater choice and additional options for anticipating stock price developments of Heineken and Heineken Holding shares.

 

The Management Board of Heineken Holding welcomes the decision of Euronext to trade the options on Heineken Holding shares. This introduction is part of the policy of the Heineken Holding Management Board to stimulate the liquidity of the Heineken Holding shares, where possible. With an average daily volume of 1.8 million shares (2001), Heineken N.V. is the most actively traded stock on the Euronext Amsterdam and is a component of the AEX index. With an average daily volume of over 100,000 shares, Heineken Holding N.V. is the most actively traded stock in the category 'other funds' on the Euronext Amsterdam. The symbol for the new options class will be HEH. The market maker who will handle the transactions will be Paerel Trading Partners B.V. This concerns options in American style (execution possible through complete exchange period), with possible periods of 3, 6 and 9 months and notification in the cycle January, April, July, October ('jajo'-cycle).