Share Buyback Programmes
2023 Share Buyback Programme
Just Eat Takeaway.com has announced the start of a share buyback programme to improve future earnings per share under which it plans to repurchase ordinary shares in the amount of up to €150 million and for a number of shares not exceeding the authority granted by the general meeting (10% of the issued shares). The repurchased shares will be used to cover the Company’s obligations under share-based compensation arrangements or will be cancelled to reduce issued share capital.
The buyback programme will commence on 19 April 2023 and is expected to complete no later than December 2023. The number of shares to be repurchased will be within the authorisation (10% of the issued shares) of the general meeting of Just Eat Takeaway.com granted to the Management Board. The maximum number of shares being repurchased is approximately 4.2%, based on the closing share price on 18 April 2023 of €16.26.