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Global coffee conglomerate JDE Peet’s has announced under its current share buyback program it has repurchased 5,247,069 ordinary shares for a total of €107.4 million (US$125.15 million), as of 15 August.
Between 11 and 15 August, the company repurchased 247,873 shares at an average price of €26.03 (US$30.33) per share, totalling €6.5 million (US$7.57 million). The purchases were made as part of the €250 million (US$283,756,250) share buyback program announced on 3 March 2025.
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.
In a statement, the company said the main purpose of the program is to reduce the capital of JDE Peet’s by cancelling the majority of the ordinary shares acquired through the program. A small segment will be used to cover share-based renumeration obligations. At the share price as of 3 March, the program represents a maximum of approximately 13.9 million shares, or 2.8 per cent of total shares outstanding.
The post JDE Peet’s surpasses €100 million in share buyback program appeared first on Global Coffee Report.
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