Henkel Announces €1 Billion Share Buyback Program

Henkel AG & Co. KGaA has announced a new share buyback program valued at up to €1 billion. The decision was made by the management board with the shareholders' committee's approval. The buyback consists of up to €800 million in preferred shares and up to €200 million in ordinary shares. In total, this represents approximately 2.7% of Henkel's capital stock based on current market prices.

The program is set to commence in April 2025 and could continue until the end of March 2026. It will be facilitated via stock market transactions, involving a bank. This initiative follows the authorization from the April 2023 Annual General Meeting to purchase up to 10% of the capital stock. The repurchased shares will initially be held as treasury shares, with the option to cancel them to reduce capital stock.

Henkel plans to keep its stakeholders informed about the program's progress through various publications and its website. The company retains the flexibility to adjust or halt the buyback program as needed. This move aligns with Henkel's strategy, which emphasizes acquisitions in its business units.