Edition:
India

Adidas Continues 3 Bln Euros Share Buyback Program


Monday, 7 Jan 2019 

Jan 7 (Reuters) - Adidas AG ::ADIDAS CONTINUES SHARE BUYBACK PROGRAM WITH SECOND TRANCHE.THE COMPANY INTENDS TO REPURCHASE OWN SHARES WORTH AROUND € 800 MILLION IN 2019.UNDER THE CURRENT PROGRAM, ADIDAS PLANS TO BUY BACK OWN SHARES FOR UP TO € 3.0 BILLION BETWEEN MARCH 2018 AND MAY 2021.THE BUYBACK PROGRAM COMPLEMENTS ADIDAS’ POLICY TO PAY AN ANNUAL DIVIDEND TO SHAREHOLDERS IN THE RANGE OF 30% TO 50% OF NET INCOME FROM CONTINUING OPERATION.AVERAGE PURCHASE PRICE PER SHARE IN BUYBACK SCHEME WAS € 196.45. 

Company Quote

267.45
2.15 +0.81%
15 Nov 2019