Universal Music Group N.V. Announces Repurchase of 14.156 million of its Ordinary Shares from Pershing Square Funds
Universal Music Group N.V. Announces Repurchase of 14.156 million of its Ordinary Shares from Pershing Square Funds |
| [04-June-2026] |
HILVERSUM, The Netherlands, June 4, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced that it has repurchased 14,156,285 of its ordinary shares as part of the disposition of the entire position owned by various Pershing Square funds. The Company acquired the shares at a price per share of €17.66 for a total consideration of approximately €250 million.
The repurchase was executed outside of the Company's existing €500 million share buyback program but pursuant to the previously announced additional €500 million share repurchase authorization of the Board of Directors of the Company as granted at the UMG Annual General Meeting of Shareholders held on May 13, 2026. The Company intends to use the repurchased shares to meet its obligations under the 2022 Universal Music Group Global Equity Plan, and subplans thereof, and/or to reduce the share capital of the Company. The maximum number of shares that can be used for purposes of the equity plan will remain unchanged. Cautionary Notice This press release is published by Universal Music Group N.V. and contains inside information within the meaning of article 7(1) of the Market Abuse Regulation. Forward-Looking Statements This press release may contain statements that constitute forward-looking statements with respect to UMG's financial condition, results of operations, business, strategy and plans. Such forward-looking statements may be identified by the use of words such as 'profit forecast', 'expect', 'estimate', 'project', 'anticipate', 'should', 'intend', 'plan', 'probability', 'risk', 'target', 'aspiration', 'objective', 'will', 'endeavour', 'optimistic', 'prospects', 'outlook' and similar expressions or variations on such expressions or the negative of such expressions. Although UMG believes that such forward-looking statements are based on reasonable assumptions, they are not guarantees of future performance. Actual results may differ materially from such forward-looking statements as a result of a number of risks and uncertainties, many of which are related to factors that are outside UMG's control, including, but not limited to, UMG's inability to compete successfully and to identify, attract, sign and retain successful recording artists and songwriters, failure of streaming and subscription adoption or revenue to grow or to grow less rapidly than anticipated, UMG's reliance on digital service providers, UMG's inability to execute its business strategy, the global nature of UMG's operations, changes in global economic and financial conditions, UMG's inability to protect its intellectual property and against piracy, challenges related to generative AI, UMG's inability to attract and retain key personnel, UMG's restructuring and reorganization activities, UMG's acquisitions and other investments, changes in laws and regulations (and UMG's compliance therewith), and the other risks that have been described in the 2025 annual report. Accordingly, UMG cautions readers against placing undue reliance on such forward-looking statements. Such forward-looking statements are made as of the date of this press release. UMG disclaims any intention or obligation to provide, update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. About Universal Music Group At Universal Music Group (EURONEXT: UMG), we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group N.V. visit www.universalmusic.com. Contacts Media Investors
SOURCE Universal Music Group N.V. | ||
Company Codes: EuronextAmsterdam:UMG,EURONEXT:UMG |
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