Amadeus IT Group is already ending its first phase of its share buyback program. As reported by the company, during this period they have acquired a total of 4.93 million shares between June 6 and August 17, which is the maximum number and represents 1.094% of the company’s share capital.
As announced this Friday through the National Securities Market Commission (CNMV), the technology services provider has carried out 11 operations since June 6, acquiring each title at a price that ranged approximately between 62 and 68 euros. On June 5, the company announced a share reward program for the maximum import of 433.3 million euros and up to 6.12 million titles (1.358% of the share capital), which would be divided into two parts.
The second part will have a maximum import of 83.3 million euros and will be limited to 1.19 million shares, 0.264% of Amadeus’ share capital. You can only start once the previous one has finished, consecutively and without overlapping in any case.
The objective of this global operation is to convert the early redemption of Amadeus option convertible bonds and the share prescriber programs for employees, managers and executive director of the group for the years 2023, 2024 and 2025 to recommended shares.
