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adidas AG: adidas stops share buyback program

adidas AG / Key word(s): Share Buyback
adidas AG: adidas stops share buyback program

31-March-2020 / 17:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Herzogenaurach, March 31, 2020

AD-HOC: adidas stops share buyback program

Considering the high level of economic uncertainty caused by the dynamic developments related to the coronavirus outbreak, the adidas Executive Board decided to proactively adopt a conservative approach to liquidity management in order to preserve the company's financial flexibility in the current environment.

After already temporarily suspending the 2020 tranche of its current multi-year share buyback program on March 17, immediately after retail closures across Europe and North America started to come into effect, the Executive Board decided today to formally stop the repurchasing of adidas shares for the remainder of the year. Consequently, the company will not deploy the amount of up to € 1.0 billion that was initially planned for the repurchase of own shares in 2020.


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