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DUBLIN - Kerry Group plc announced today it has initiated a €300 million share buyback programme that will run until February 27, 2026.
The Irish food company has entered into non-discretionary instructions with J&E Davy to purchase its A Ordinary Shares independently on the company’s behalf, according to a press release statement.
The buyback will commence today on Euronext (EPA:ENX) Dublin, with Kerry stating the purpose is to reduce the company’s share capital. All repurchased shares will be subsequently cancelled.
Kerry’s programme will operate within parameters established at the company’s Annual General Meeting on May 1, 2025. The maximum number of shares that may be purchased under the programme is 16,489,274.
The company indicated the buyback is supported by Kerry’s "strong balance sheet and cash flow" and aligns with its capital allocation framework.
The programme will be conducted in accordance with Market Abuse Regulation provisions and Commission Delegated Regulation rules, as well as Central Bank of Ireland regulations.
Kerry will announce any share repurchases no later than 7:30 am on the business day following the transaction.
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