Global pure-play coffee and tea company JDE Peet’s has repurchased 1,303,975 shares in the period from 10 March up to and including 14 March 2025.
The shares were repurchased at an average price of €18.61 (US$20.32) per share for a total consideration of €24.3 million (US$26.54 million). These repurchases were made as part of the €250 million ($US273 million) share buyback programme announced on 3 March 2025.
On 3 March, the company announced the share buyback program to reduce its capital. In the first five days of the program, it repurchased 1,284,361 shares at an average price of €18.25 (US$19.81) per share for a total consideration of €23.4 million (US$25.4 million).
The total number of shares repurchased under this programme to date is 2,588,336 ordinary shares for a total consideration of €47.7 million (US$52.09 million).
More details on the progress of the buyback programme are available here.
Share buyback programs reduce the number of a company’s shares on the market, which in some cases can increase the value of the company’s remaining shares. The process sees the company buy back its own shares from shareholders.
