REG - Just Eat Takeaway - Transaction in Own Shares

Just Eat Takeaway.com NVAnnouncement

19/04/2023 07:00

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RNS Number : 7215W  Just Eat Takeaway.com N.V.  19 April 2023

Amsterdam, 19 April 2023

Just Eat Takeaway.com announces share buy-back programme of up to €150
million

 

Just Eat Takeaway.com has announced the start of a share buyback programme to
improve future earnings per share under which it plans to repurchase ordinary
shares in the amount of up to €150 million and for a number of shares not
exceeding the authority granted by the general meeting (10% of the issued
shares). The repurchased shares will be used to cover the Company's
obligations under share-based compensation arrangements or will be cancelled
to reduce issued share capital.

 

The buyback programme will commence on 19 April 2023 and is expected to
complete no later than December 2023. The number of shares to be repurchased
will be within the authorisation (10% of the issued shares) of the general
meeting of Just Eat Takeaway.com granted to the Management Board. 1  The
maximum number of shares being repurchased is approximately 4.2%, based on the
closing share price on 18 April 2023 of €16.26.

The execution of the share buyback programme will be done under the terms of
an engagement letter with a third party, performed in compliance with the safe
harbour provisions for repurchasing shares under the European Market Abuse
Regulation. Shares are bought in the market and accumulated on the treasury
share account until settlement under the employee incentive plans or
cancellation. As the programme will be lead-managed by the third party within
pre-defined execution parameters, transactions may be carried out during
closed periods.

The Company will inform the market of the progress made in the execution of
this programme through updates on its website
(https://www.justeattakeaway.com/investors
(https://www.justeattakeaway.com/investors) ). In accordance with normal
practice to cater for possible changes in future circumstances, the programme
does not obligate the Company to acquire any amount of shares, and it may be
suspended at any time at the Company's discretion.

 

Just Eat Takeaway.com

Jitse Groen, CEO

Brent Wissink, CFO

Joerg Gerbig, COO

Andrew Kenny, CCO

Investors:

Joris Wilton

E: IR@justeattakeaway.com

Media:

E: press@justeattakeaway.com

For more information, please visit our corporate website:
https://justeattakeaway.com (https://justeattakeaway.com)

 

About Just Eat Takeaway.com

 

Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is one of the world's leading
global online food delivery marketplaces.

Headquartered in Amsterdam, the Company is focused on connecting consumers and
partners through its platforms. With 692,000 connected partners, Just Eat
Takeaway.com offers consumers a wide variety of food choice.

Just Eat Takeaway.com has rapidly grown to become a leading online food
delivery marketplace with operations in the United States, United Kingdom,
Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria,
Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Poland,
Spain and Switzerland.

Disclaimer

 

Statements included in this press release that are not historical facts
(including any statements concerning investment objectives, other plans and
objectives of management for future operations or economic performance, or
assumptions or forecasts related thereto) are, or may be deemed to be,
forward-looking statements, including "forward-looking statements". These
forward-looking statements may be identified by the use of forward-looking
terminology, including the terms "anticipates", "expects", "intends", "may",
or "will" or, in each case, their negative or other variations or comparable
terminology, or, by discussions of strategy, plans, objectives, goals, future
events or intentions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements reflect the
Company's current view with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and assumptions
relating to the Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies. Past performance is no guide to
future performance and persons needing advice should consult an independent
financial adviser. Forward-looking statements reflect knowledge and
information available at, and speak only as of, the date they are made, and
the Company expressly disclaims any obligation or undertaking to update,
review or revise any forward-looking statement contained in this press
release. Readers are cautioned not to place undue reliance on such
forward-looking statements.

 

 1  The current authorisation of the general meeting has been obtained on 4
May 2022 and is valid for 18 months, ending on 4 November 2023. Should the
general meeting approve a new authorisation of the Management Board to
repurchase shares in its meeting to be held on 17 May 2023, the authorisation
set out in agenda item 10 in the Agenda and Explanatory Notes to the 2023
Annual General Meeting will replace the authorisation dated on 4 May 2022.

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