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ADIDAS AG

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  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 07:09:56 am
259.675 EUR   +1.61%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Adidas AG: Release of a capital market information

10/15/2021 | 03:26am EST

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) adidas AG: Release of a capital market information 2021-10-15 / 09:24 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.

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Herzogenaurach, October 15, 2021

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 press release on October 14, 2021 will be conducted starting on October 18, 2021. Treasury shares of the Company with acquisition costs of up to EUR 450 million (excluding incidental purchasing costs), however in total no more than 12,839,970 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 at the latest.

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 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"). 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 there for a period of at least five years from the day of disclosure.

Herzogenaurach, October 15, 2021

adidas AG The Executive Board

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2021-10-15 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      adidas AG 
              Adi-Dassler-Straße 1 
              91074 Herzogenaurach 
              Germany 
Internet:     www.adidas-group.com 
 
End of News   DGAP News Service 
=------------ 

1241078 2021-10-15

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1241078&application_name=news

(END) Dow Jones Newswires

October 15, 2021 03:25 ET (07:25 GMT)

All news about ADIDAS AG
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Analyst Recommendations on ADIDAS AG
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Financials
Sales 2021 21 422 M 24 266 M 24 266 M
Net income 2021 1 616 M 1 831 M 1 831 M
Net cash 2021 451 M 511 M 511 M
P/E ratio 2021 32,9x
Yield 2021 1,28%
Capitalization 49 089 M 55 330 M 55 607 M
EV / Sales 2021 2,27x
EV / Sales 2022 2,06x
Nbr of Employees 54 722
Free-Float 87,7%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 255,55 €
Average target price 323,29 €
Spread / Average Target 26,5%
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
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