PUMA SE Announces Share Buyback Program

PUMA SE has declared its intention to initiate a share buyback program, as previously disclosed on 29 February 2024. The company’s Management Board has approved the buyback of its own shares, with the total purchase price not to exceed €100 million. This operation is scheduled to take place between 7 March 2024 and, at the latest, 6 May 2025.

Based on the share's closing price on 6 March 2024, the buyback could involve up to 1.6% of PUMA SE’s share capital, equating to approximately 2,413,709 shares. These acquired shares are intended to be retired. The program will proceed under the authorization received during the Annual General Meeting held on 7 May 2020.

The buyback is to be executed in compliance with Article 5 of Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. An independent financial service provider will conduct the buyback, adhering strictly to the regulatory standards for such operations and the stipulations of the 7 May 2020 Annual General Meeting’s authorization.

PUMA SE has specified that the financial service provider will independently decide on the timing of share acquisitions, ensuring that PUMA SE will have no control over these decisions. The company also reserves the right to terminate, suspend, or resume the share buyback program as necessary, in accordance with legal requirements.

Further details will be provided on PUMA SE’s website, with information on the share buyback transactions to be made publicly available for a minimum of five years.