Adecco Finishes EURO 400 Million Share Repurchase Program and Initiates New EURO 250 Million Share Acquisition Plan
In a recent announcement, global workforce solutions provider Adecco has launched a new share repurchase program, worth up to €250 million. The program, which has received formal approval to cancel the acquired shares by the General Meeting of Shareholders by November 19, 2025, will be executed on the existing second trading line on SIX Swiss Exchange.
However, it's important to note that forward-looking statements, such as those related to the share repurchase program, involve risks and uncertainties. Factors that could affect Adecco's forward-looking statements include global GDP trends, changes in regulation of temporary work, intense competition, integration of acquired companies, changes in the Company's ability to attract and retain qualified personnel or clients, the potential impact of disruptions related to IT, and any adverse developments in existing commercial relationships, disputes, or legal and tax proceedings.
Actual results could differ materially from the Company's current expectations. Adecco assumes no duty to update any forward-looking statements. For more detailed information, investors are encouraged to reach out to the Corporate Investor Relations team at [email protected] or +41 (0) 44 878 89 89.
In a related development, the 2014 General Shareholders Meeting resolved on the reduction of share capital through the cancellation of repurchased shares. Repurchased shares will be cancelled after formal shareholder approval.
It's also worth mentioning that shares purchased on the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the buyback price and the nominal value of CHF 1.00.
For media enquiries, please contact Adecco's Corporate Press Office at [email protected] or +41 (0) 44 878 87 87.
As always, the information in this release is based on the information available as of the date of this release. Adecco encourages investors to exercise caution when considering forward-looking statements and to review the Company's regulatory filings, which contain detailed information about these factors and other risks that may affect the Company's business.
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