EQS-Adhoc: PUMA SE: PUMA plans to return up to 50% of net income to shareholders, including share buybacks
Source: EQS
EQS-Ad-hoc: Disclosure of inside information according to Article 17 Market Abuse Regulation
PUMA plans to return up to 50% of net income to shareholders, including share buybacks
Herzogenaurach,
The first tranche provides for the buyback of own shares with a total purchase price of up to € 100 million and starts in
The share buyback shall be executed through the stock exchange and in accordance with the authorisation of the Company’s Annual General Meeting 2020 on
The share buyback will be carried out by an independent financial service provider, which will make its trading decisions regarding the exact timing of the share purchases independently of and without any influence by the Company. The financial service provider is obliged to comply with the trading conditions of Art. 3 of the Delegated Regulation and the provisions contained in this share buyback program.
PUMA reserves the right to suspend or terminate the share buyback program at any time.
Information on the transactions relating to the share buyback program will be published according to Art. 2 of the Delegated Regulation and will be made available on the Company's website under https://about.puma.com/en/investor-relations.
Financial Calendar:
29 February –
The financial releases and other financial information are available on the Internet at “about.puma.com“.
Media Relations:
Investor Relations:
Notes to the editors:
Reuters: PUMG.DE, Bloomberg: Börse
Notes relating to forward-looking statements: This document contains statements about the future business development and strategic direction of the Company. The forward-looking statements are based on management's current expectations and assumptions. They are subject to certain risks and fluctuations as described in other publications, in particular in the risk and opportunities management section of the combined management report. If these expectations and assumptions do not apply or if unforeseen risks arise, the actual course of business may differ significantly from the expected developments. We therefore assume no liability for the accuracy of these forecasts.
PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. For more information, please visit https://about.puma.com. End of Inside Information
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Language: | English |
Company: | |
91074 Herzogenaurach | |
Phone: | +49 9132 81 0 |
Fax: | +49 9132 81 42375 |
E-mail: | investor-relations@puma.com |
Internet: | www.puma.com |
ISIN: | DE0006969603 |
WKN: | 696960 |
Indices: | MDAX |
Listed: | Regulated Market in |
EQS News ID: | 1847941 |
End of Announcement |
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1847941 29-Feb-