JDE Peet’s Continues Share Buyback Momentum, Repurchasing Over 1.3 Million Shares
JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company, has repurchased 1,303,975 ordinary shares in the period from March 10 to March 14, 2025, at an average price of EUR 18.61 per share. This latest tranche amounts to a total consideration of EUR 24.3 million, further advancing the company’s EUR 250 million share buyback programme announced on March 3, 2025.
With this latest repurchase, JDE Peet’s has now acquired a total of 2,588,336 ordinary shares under the programme, representing an aggregate investment of EUR 47.7 million. This follows the company’s initial repurchase of 1,284,361 shares between March 3 and March 7, 2025, at an average price of EUR 18.25 per share, amounting to EUR 23.4 million.
The buyback programme reflects JDE Peet’s confidence in its long-term growth prospects and robust financial position. Announced alongside the company’s full-year 2024 results on February 26, 2025, the initiative is part of a broader strategy to return up to EUR 1 billion to shareholders over multiple years, with EUR 250 million earmarked for share buybacks in 2025 alone.
The primary objective of the buyback remains the reduction of JDE Peet’s share capital, with the majority of repurchased shares slated for cancellation. A smaller portion will be allocated to cover obligations related to share-based remuneration.
The share buyback is being executed in compliance with the EU Market Abuse Regulation (MAR) and within the framework authorized at JDE Peet’s 2024 Annual General Meeting (AGM) on May 30, 2024. Further execution authority, if granted, will be reaffirmed at the upcoming AGM on June 19, 2025. An independent intermediary has been appointed to oversee the execution, ensuring adherence to applicable regulations and pre-defined parameters.
JDE Peet’s will continue to provide periodic updates on the buyback programme’s progress via official press releases and a dedicated section on its corporate website.
