Universal Music Group launches additional €250 million share buyback

Corporate Action
โดย PR Newswire·NL·Read original
Summary · why it matters

Universal Music Group N.V. has started an additional share buyback program to repurchase its own shares for an aggregate amount of €250 million. The program will be executed within the existing share repurchase authorization granted at the UMG Annual General Meeting on May 13, 2026, and was previously communicated on April 29, 2026. Trading decisions will be made independently by a single broker on Euronext Amsterdam, Turquoise Europe, Aquis Exchange Europe, and CBOE Europe Limited, with the program expected to complete no later than September 10, 2026. The maximum number of shares to be repurchased is 25,000,000, and the repurchased shares will be used to meet obligations under the 2022 Universal Music Group Global Equity Plan or to reduce share capital. The program may be suspended, modified, or discontinued at any time and will comply with the Market Abuse Regulation and related safe harbour provisions.

Impact on stocks 1

Communication Services · 1 stocks