Universal Music Group starts €500 million share buyback program

Universal Music Group N.V. (EURONEXT: UMG) announced the commencement of its share buyback program to repurchase company shares worth €500 million, according to a press release statement.

The music company will repurchase a maximum of 50 million shares through trading on Euronext Amsterdam Stock Exchange, Turquoise Europe, Aquis Exchange Europe and CBOE Europe Limited. Trading decisions will be made independently by a single broker under contractual arrangements with UMG.

The program operates under authorization granted by UMG's Board of Directors at the Annual General Meeting held on May 14, 2025. The company expects to complete the buyback by October 1, 2026.

UMG stated it will use the repurchased shares to fulfill obligations under its 2022 Global Equity Plan or to reduce share capital. The maximum number of shares available for the equity plan will remain unchanged.

The company said the program may be suspended, modified or discontinued at any time. UMG will conduct the buyback in accordance with EU Market Abuse Regulation and related delegated regulations, including compliance with safe harbor provisions.

The company plans to inform the market about program progress through regular press releases and website updates.

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