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 buyback programme commenced on 19 April 2023 and was completed on 20 September 2023. The number of repurchased shares is within the authorisation (10% of the issued shares) of the general meeting of Just Eat Takeaway.com granted to the Management Board. Under the programme a total of 10,783,730 shares were repurchased, representing 4.90% of issued shares, at an average price of €13.9098.
The Company currently holds 10,783,730 shares in treasury. The repurchased shares will be used for settlement under employee incentive plans or will be cancelled to reduce issued share capital to improve future earnings per share.