JDE Peet’s has released an update on its ongoing share buyback program, and has now repurchased over 3.6 million shares in total.
A total of 24,108 shares were repurchased from 19 May, up to and including 23 May, to bring the total number of ordinary shares bought back to a total of 3,646,700 for a total consideration of EUR 68.1 million.
The latest batch of shares were repurchased at an average price of EUR 22.94 per share for a total consideration of EUR 0.6 million.
JDE Peet’s share buyback program was announced on 3 March 2025 and remains expected to run until the end of this year “barring unforeseen circumstances”.
The main purpose of the program is to reduce the capital of JDE Peet’s, by cancelling virtually all the ordinary shares acquired through program.
The company expects to return up to EUR 250 million to shareholders in 2025 through its buyback program, which is expected to cover a maximum of 13.9 million shares, or 2.8 per cent of total shares outstanding.
