Transaction in Own Shares

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). 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: [e-mail]

Media:
E: [e-mail]

For more information, please visit our corporate website: 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 and X.

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.

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[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.

 

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