Universal Music Group N.V. (UMG.AS, UNVGY,UMGNF), a Dutch-American music-based entertainment company, on Monday announced its intention to launch a share buyback programme to repurchase shares for an aggregate amount of 500 million euros.
The company said the repurchased shares will be used to meet obligations under its equity incentive plans and/or to reduce share capital.
The company said the share buyback programme will be executed under existing shareholder authorization granted at the May 14, 2025 Annual General Meeting and any future approvals.
The programme will be executed by an independent broker.
On Friday, Universal Music Group closed trading at EUR 15.56 on the Amsterdam Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.