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JDE Peet’s, a leading pure-play coffee and tea company, has announced it has repurchased 38,272 shares in the period from 7 April 2025 up to and including 11 April 2025.
The shares were repurchased at an average price of €19.73 (US$22.40) per share for a total consideration of €0.8 million (US$908,059). These repurchases were made as part of the €250 million (US$283,756,250) share buyback programme announced on 3 March 2025.
The total number of shares repurchased under this program to date is 3,481,614 ordinary shares for a total consideration of €64.5 million (US$73,211,012).
Share buyback programs reduce the number of a company’s shares on the market, which in some cases can increase the value of the company’s remaining shares. The process sees the company buy back its own shares from shareholders.
More details on the progress of the buyback programme are available here.
The post JDE Peet’s releases further repurchasing of shares update appeared first on Global Coffee Report.
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