adidas AG

WKN: A1EWWW
ISIN: DE000A1EWWW0
Land: Deutschland

Nachricht vom 31.03.2020 | 17:47

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.

FOR IMMEDIATE RELEASE

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.

***

Contacts:
Media Relations corporate.press@adidas.com Tel.: +49 (0) 9132 84-2352 Investor Relations investor.relations@adidas.com Tel.: +49 (0) 9132 84-2920

For more information, please visit adidas-group.com.

31-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	adidas AG
	Adi-Dassler-Straße 1
	91074 Herzogenaurach
	Germany
Phone:	+49 9132 84 0
Fax:	+49 9132 84 2241
Internet:	www.adidas-group.com
ISIN:	DE000A1EWWW0, US00687A1079, US00687P1049
WKN:	A1EWWW, A0MNCC , 909676
Indices:	DAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1012181


End of Announcement	DGAP News Service

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