Puma: to return up to 50% of earnings to shareholders

(CercleFinance.com) - Puma plans to return up to 50% of Group net income to shareholders through its dividend and share buyback policy.


Today, the Puma Management Board decided to modify the dividend policy towards a payout ratio of 25% to 40% of Group net income (previous payout ratio of 25% to 35%).

In addition, the Executive Board has decided to launch a share buyback program, which will supplement the dividend policy by a further 10% to 25% for a total payout of up to 50% of Group net income.

The first tranche provides for the buyback of treasury shares for a total purchase price of up to 100 million euros, and begins in March 2024 for a period ending 6 May 2025.

In accordance with the authorization granted by the 2020 Annual General Meeting, the shares repurchased will subsequently be cancelled.

Puma reserves the right to suspend or terminate the share buyback program at any time.


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