Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Adidas AG
  6. News
  7. Summary
    ADS   DE000A1EWWW0

ADIDAS AG

(ADS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Adidas AG: Release of a capital market information

06/30/2021 | 03:49am EDT

DGAP Post-admission Duties announcement: adidas AG / Disclosure Pursuant to Article 2 (1) of Commission Delegated Regulation (EU) No 2016/1052 supplementing Regulation (EU) No 596/2014 (MAR) | Purchase of Treasury Shares
adidas AG: Release of a capital market information

30.06.2021 / 09:47
Dissemination of a Post-admission Duties announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure Pursuant to Article 2 (1) of Commission Delegated Regulation (EU) No 2016/1052 supplementing Regulation (EU) No 596/2014 (MAR) | Purchase of Treasury Shares

 

The share buyback program announced by adidas AG (the "Company") via ad hoc notification on June 29, 2021 will be conducted starting on July 1, 2021. Treasury shares of the Company with an aggregate acquisition cost of up to ? 550 million (excluding incidental purchasing costs), however in total no more than 14,691,492 shares, shall be repurchased via the stock exchange and/or a multilateral trading facility within the meaning of § 2(6) German Stock Exchange Act (Börsengesetz) over a period of time until December 31, 2021.

Whereas the Company may use the repurchased shares for all purposes admissible under the authorization granted by the Annual General Meeting on May 12, 2021, it intends to cancel at least most of the repurchased shares.

One or several independent banks may be assigned to carry out the buyback or parts thereof on behalf of and for the account of the Company. These banks make their decisions regarding the share buyback date independently of and uninfluenced by the Company. The Company's right to early termination of the mandate for one or all banks and/or to transfer the mandate to another bank or several other banks shall remain unaffected.

The share buyback program may be suspended, discontinued and resumed at any time in compliance with all applicable statutory provisions.

The price per repurchased share (excluding incidental purchasing costs) may not be more than 10% higher or lower than the average stock exchange price for the Company's shares as established in the opening auction of the electronic trading system on the Frankfurt Stock Exchange on the day of the creation of the repurchase obligation.

Moreover, the mandated banks will be committed to observing all trading restrictions of Article 3 of the Commission Delegated Regulation (EU) No 2016/1052 of March 8, 2016 ("EU Regulation"). Accordingly, inter alia, no purchase price may be paid which exceeds the price of the last independent trade or the highest independent bid placed at the time of the purchase on the stock exchange on which the purchase is carried out, whichever value is the highest. Furthermore, no more than 25% of the average daily volume of shares on the stock exchange on which the purchase is carried out may be acquired. The average volume of shares is based on the average daily trade volume of the 20 trading days preceding the specific date of purchase.

All transactions under the share buyback program will be reported pursuant to the requirements of Article 2 (3) EU Regulation no later than on the seventh trading day after their execution. Furthermore, the Company will publish the transactions on its website www.adidas-group.com and ensure that the information will be publicly accessible here for a period of at least five years from the day of disclosure.

Herzogenaurach, June 30, 2021

adidas AG

The Executive Board



30.06.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: adidas AG
Adi-Dassler-Straße 1
91074 Herzogenaurach
Germany
Internet: www.adidas-group.com

 
End of News DGAP News Service

1213701  30.06.2021 

fncls.ssp?fn=show_t_gif&application_id=1213701&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about ADIDAS AG
09/24Eurostoxx 50 : European stocks slip on Evergrande woes, weak German business morale
RE
09/24EUROPEAN MIDDAY BRIEFING : Stocks Fall as Evergrande Payment Deadline Passes
DJ
09/24BARRY DILLER : Stock Futures Weaken After Evergrande Payment Deadline Passes
DJ
09/24European stocks slip on Evergrande woes, weak German business morale
RE
09/23ADIDAS : Nike warns on holiday delays, cuts full-year sales estimate
RE
09/23PRESS RELEASE : Arne Treinies new CFO and Managing Director of AMSilk GmbH
DJ
09/22ADIDAS : Receives a Buy rating from Berenberg
MD
09/22ADIDAS : Goldman Sachs gives a Buy rating
MD
09/21PRESS RELEASE : ABOUT YOU Holding AG: ABOUT YOU Fashion Week reaches over 1 billion media ..
DJ
09/21Taiwanese Manufacturers Struggle with Latest COVID-19 Wave in Vietnam
MT
More news
Analyst Recommendations on ADIDAS AG
More recommendations
Financials
Sales 2021 21 790 M 25 534 M 25 534 M
Net income 2021 1 537 M 1 801 M 1 801 M
Net cash 2021 203 M 238 M 238 M
P/E ratio 2021 36,3x
Yield 2021 1,16%
Capitalization 54 623 M 63 962 M 64 008 M
EV / Sales 2021 2,50x
EV / Sales 2022 2,25x
Nbr of Employees 58 007
Free-Float 86,9%
Chart ADIDAS AG
Duration : Period :
adidas AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ADIDAS AG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 282,00 €
Average target price 337,11 €
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Kasper Bo R°rsted Chief Executive Officer
Harm Ohlmeyer Chief Financial Officer & Labor Director
Thomas Hermann Rabe Chairman-Supervisory Board
Martin Shankland Head-Global Operations
Roland Nosko Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
ADIDAS AG-5.34%63 962
NIKE, INC.5.74%236 816
FENG TAY ENTERPRISES CO., LTD.10.53%6 996
KINGNET NETWORK CO., LTD.-4.04%1 469
361 DEGREES INTERNATIONAL LIMITED241.67%980
HWASEUNG ENTERPRISE CO., LTD.25.00%910