Business
Universal Music Group N.V. Announces Start of its Share Buyback Program of €500 Million
Universal Music Group N.V. ("UMG" or "the Company") today announced the start of its share buyback program to repurchase the Company's own shares for an aggregate amount of €500 million, as communicated on March 30, 2026.
About this update from Universal Music Group N.v.
[{"type":"text","content":"HILVERSUM, The Netherlands, April 1, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the start of its share buyback program to repurchase the Company's own shares for an aggregate amount of €500 million, as communicated on March 30, 2026.","length":313,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Universal Music Group)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Universal Music Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":148,"url":"https://media.zenfs.com/en/prnewswire.com/efcf66c684e998d819f4a5c1c233a76e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jEEHPteX7_vS6Ei8_bLc4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2MQ--/https://media.zenfs.com/en/prnewswire.com/efcf66c684e998d819f4a5c1c233a76e","width":400,"height":148}},"href":"https://mma.prnewswire.com/media/512308/UMG.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Trading decisions will be made independently of UMG in accordance with an arrangement entered into by UMG with a single broker for the purchase of UMG's shares on the Euronext Amsterdam Stock Exchange, Turquoise Europe, Aquis Exchange Europe and CBOE Europe Limited. The share buyback program will be effected within certain contractually agreed parameters and is expected to be completed no later than October 1, 2026.","length":423,"tagName":"p"},{"type":"text","content":"The maximum number of shares to be repurchased as part of the share buyback program is 50,000,000 shares. The share buyback program will be executed within the existing authorization of the Board of Directors of the Company to repurchase the Company's own shares as granted at the UMG Annual General Meeting of Shareholders ("AGM") held on May 14, 2025 and the authority to be granted at future AGMs.","length":419,"tagName":"p"},{"type":"text","content":"The Company shall use the repurchased shares to meet its obligations under the 2022 Universal Music Group Global Equity Plan, and subplans thereof ("the equity plan"), and/or to reduce the share capital of the Company. The maximum number of shares that can be used for purposes of the equity plan will remain unchanged. The share buyback program may be suspended, modified, or discontinued at any time.","leng...