Zalando SE Initiates Share Buy-back Program to Support Stock Option Plans

Zalando SE announced the launch of a share buy-back program on March 12, 2024, aimed at fulfilling the company's obligations under its stock option programs for Zalando group employees and its Management Board members. The program entails the repurchase of up to six million own shares, with a total allocated budget of up to 100 million euros. This buy-back plan is set to commence on March 13, 2024, and will conclude by July 26, 2024, at the latest.

This strategic move has received the nod from Zalando's Supervisory Board and aligns with the authorization from the Annual General Meeting held in 2020. The share repurchase will be executed via the stock exchange, adhering to the Market Abuse Regulation (EU) No. 596/2014 and the Commission Delegated Regulation (EU) No. 2016/1052, ensuring a safe harbour for the buy-back transactions.

An independent bank will manage the share purchases, making trading decisions on the timing of the buy-backs independently to prevent any influence from Zalando SE. The bank is committed to complying with the trading conditions outlined in the Delegated Regulation along with the rules of this buy-back program. Details of the transactions involved in this program will be disclosed and made accessible on Zalando SE’s website as per regulations.