Amadeus IT Group, S.A. announces an Equity Buyback for ?44 million worth of its shares.
July 30, 2021 at 05:36 am EDT
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Amadeus IT Group, S.A. (BME:AMS) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.12% of the share capital of the company for ?44 million. The buyback will take place in order to meet the obligations related to the allocation of shares to employees, Senior Management and CEO of the Amadeus Group of companies for the years 2021 and 2022. The program will expire on December 31, 2021.
Amadeus IT Group, S.A. owns and operates the world's No. 1 travel distribution and reservation computer system. The group's system allows travel agencies and airline sales offices to make reservations to hotels, car rental agencies, and service providers (including ocean transportation companies, tour operators, cruise lines, etc.).
The group is also involved in supplying computer services and marketing services for online reservation software and data flow management software.
Net sales are distributed geographically as follows: Spain (2.6%), Germany (6.4%), the United Kingdom (4.7%), France (4.2%), Europe-Middle East-Africa (30.7%), the United States ( 22.4%), America (9%) and Asia-Pacific (20%).
AMADEUS IT GROUP, S.A. 
