Universal Music Group (UMGNF) announced its intention to implement a share buyback program to repurchase the company’s own shares for an aggregate amount of EUR 500M. The shares will be purchased through a program executed by an independent broker. 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 Universal Music Group annual general meeting of shareholders held on May 14 and the authority to be granted at future AGMs.
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