Core Viewpoint - KPN is executing a successful strategy that allows for a structural return of additional capital to shareholders through a €250 million share buyback and an anticipated dividend of €18.2 cents per share for 2025, distributing all Free Cash Flow to shareholders [1]. Group 1: Share Buyback Details - KPN has commenced a €250 million share buyback, expected to be completed by 25 July 2025 at the latest [2]. - The company plans to use up to 1 million of the repurchased shares for employee share plans and intends to cancel the remaining shares to reduce its capital [2]. - An intermediary has been engaged to repurchase shares in the open market, adhering to regulations, with purchases priced between the par value and a maximum of 110% of the average closing price on Euronext Amsterdam [3]. Group 2: Authorization and Progress Reporting - The share buyback will be conducted within the authority granted by the Annual General Meeting of Shareholders, which allows the purchase of up to 10% of KPN's issued share capital from 17 April 2024 to 17 October 2025 [3]. - As of the current authorization, a total of 13,479,784 shares have already been repurchased in the 2024 share buyback [3]. - KPN will provide weekly updates on the share buyback progress, with the first report scheduled for 3 March 2025 [4].
KPN commences EUR 250m share buyback