The music giant confirmed that between July 20 and July 24, it repurchased 634,455 shares at an average price of €18.14. This final push brought the total expenditure under the program, which was initiated on March 30, to approximately €499.19 million. In total, the company successfully retired 26,707,529 shares from the open market. The move follows a series of weekly disclosures mandated by European market regulations, reflecting the company's commitment to transparency regarding its capital allocation strategy.
Universal Music Group Finalizes €500 Million Share Buyback
Universal Music Group has officially concluded its €500 million share repurchase program after acquiring over 26.7 million shares. The final stretch of the initiative saw the company spend more than €11.5 million in late July to reach the target set earlier this spring.
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