REG - Just Eat Takeaway - Transaction in Own Shares

Just Eat Takeaway.com NVAnnouncement

31/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240731:nRSe5451Ya&default-theme=true

RNS Number : 5451Y  Just Eat Takeaway.com N.V.  31 July 2024

Amsterdam, 31 July 2024

Just Eat Takeaway.com announces share buyback programme of up to €150
million

 

Just Eat Takeaway.com announces the start of a new share buyback programme
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 cancelled to reduce the Company's issued share capital or will be used to
cover its      obligations under share-based compensation arrangements.

 

The buyback programme will commence on 31 July 2024 and is expected to
complete no later than 31 March 2025. The number of shares to be repurchased
will be within the authorisation of the general meeting of Just Eat
Takeaway.com granted to the Management Board(( 1 )). The maximum number of
shares to be repurchased is approximately 6.3% of the Company's issued share
capital, based on the closing share price on 30 July 2024 of €10.87.

The execution of the share buyback programme will be done under the terms of
an engagement letter with a third party and 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 cancellation or settlement under the employee
incentive plans. Pursuant to the relevant statutory provisions, cancellation
may not be effected earlier than two months after a resolution to cancel
shares is adopted and publicly announced. 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

Mayte Oosterveld, 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 companies.

Headquartered in Amsterdam, the Company is focused on connecting consumers and
partners through its platforms. With 731,000 connected partners, Just Eat
Takeaway.com offers consumers a wide variety of choices from restaurants to
retail.

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

 

Most recent information is available on our corporate website and follow us on
LinkedIn
(https://www.linkedin.com/company/just-eat-takeaway-com/mycompany/verification/)
and X (https://twitter.com/justeattakeaway) .

 

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 16
May 2024 and is valid for 18 months, ending on 16 November 2025.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQKDBKPBKKOON