adidas AG completes share buyback program

10/27/2008, 11:35 AM (Source: GlobeNewswire)
Herzogenaurach - adidas AG has completed the share buyback program
Management decided to initiate on January 29, 2008. At that time, the
Group announced its intention to buy back up to 5% (up to 10,182,248
shares) of the Company's stock via the stock exchange, with a value
of up to ¤ 420 million in the period between January and November

Between January 30 and October 22, 2008, adidas AG repurchased a
total of 10,182,248 shares at an average price of ¤ 40.21. This
represents 5% of the stock capital at the time the program started.
The total buyback volume amounted to ¤ 409 million. The buyback was
conducted on the basis of authorizations given by the Annual General
Meetings on May 10, 2007, and May 8, 2008, respectively. 5,511,023
treasury shares were cancelled in July. The remaining 4,671,225
shares will be cancelled by the end of 2008.



Media Relations Investor
Jan Runau Natalie M. Knight
Chief Corporate Vice President
Communications Officer Investor
Tel.: +49 (0) 9132 84-3830 Tel.: +49 (0)
9132 84-2187

Anne Putz John-Paul O'Meara
Head of Corporate PR Senior Investor
Relations Manager
Tel.: +49 (0) 9132 84-2964 Tel.: +49 (0)
9132 84-2751

Kirsten Keck Dennis Weber
Corporate PR Manager Investor
Relations Manager
Tel.: +49 (0) 9132 84-6207 Tel.: +49 (0)
9132 84-4989

Please visit our corporate website:

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.