Just Eat Takeaway.com N.V. Transaction in Own Shares (7215W)
April 19 2023 - 2:00AM
UK Regulatory
TIDMJET
RNS Number : 7215W
Just Eat Takeaway.com N.V.
19 April 2023
Amsterdam, 19 April 2023
Just Eat Takeaway.com announces share buy-back programme of up
to EUR150 million
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 EUR150 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.[1] The maximum number of shares
being repurchased is approximately 4.2%, based on the closing share
price on 18 April 2023 of EUR16.26.
The execution of the share buyback programme will be done under
the terms of an engagement letter with a third party, performed in
compliance with the safe harbour provisions for repurchasing shares
under the European Market Abuse Regulation. Shares are bought in
the market and accumulated on the treasury share account until
settlement under the employee incentive plans or cancellation. As
the programme will be lead-managed by the third party within
pre-defined execution parameters, transactions may be carried out
during closed periods.
The Company will inform the market of the progress made in the
execution of this programme through updates on its website (
https://www.justeattakeaway.com/investors ). In accordance with
normal practice to cater for possible changes in future
circumstances, the programme does not obligate the Company to
acquire any amount of shares, and it may be suspended at any time
at the Company's discretion.
Just Eat Takeaway.com
Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO
Andrew Kenny, CCO
Investors:
Joris Wilton
E: IR@justeattakeaway.com
Media:
E: press@justeattakeaway.com
For more information, please visit our corporate website:
https://justeattakeaway.com
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is one of the
world's leading global online food delivery marketplaces.
Headquartered in Amsterdam, the Company is focused on connecting
consumers and partners through its platforms. With 692,000
connected partners, Just Eat Takeaway.com offers consumers a wide
variety of food choice.
Just Eat Takeaway.com has rapidly grown to become a leading
online food delivery marketplace with operations in the United
States, United Kingdom, Germany, the Netherlands, Canada,
Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland,
Israel, Italy, Luxembourg, New Zealand, Poland, Spain and
Switzerland.
Disclaimer
Statements included in this press release that are not
historical facts (including any statements concerning investment
objectives, other plans and objectives of management for future
operations or economic performance, or assumptions or forecasts
related thereto) are, or may be deemed to be, forward-looking
statements, including "forward-looking statements". These
forward-looking statements may be identified by the use of
forward-looking terminology, including the terms "anticipates",
"expects", "intends", "may", or "will" or, in each case, their
negative or other variations or comparable terminology, or, by
discussions of strategy, plans, objectives, goals, future events or
intentions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements
reflect the Company's current view with respect to future events
and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business,
results of operations, financial position, liquidity, prospects,
growth or strategies. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial adviser. Forward-looking statements reflect
knowledge and information available at, and speak only as of, the
date they are made, and the Company expressly disclaims any
obligation or undertaking to update, review or revise any
forward-looking statement contained in this press release. Readers
are cautioned not to place undue reliance on such forward-looking
statements.
[1] The current authorisation of the general meeting has been
obtained on 4 May 2022 and is valid for 18 months, ending on 4
November 2023. Should the general meeting approve a new
authorisation of the Management Board to repurchase shares in its
meeting to be held on 17 May 2023, the authorisation set out in
agenda item 10 in the Agenda and Explanatory Notes to the 2023
Annual General Meeting will replace the authorisation dated on 4
May 2022.
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END
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