Core Viewpoint - COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN has initiated a share buyback program, authorized by the Shareholders Meeting on May 16, 2025, with the assistance of an Investment Services Provider [1][2]. Group 1 - The share buyback program will involve the purchase of shares worth a maximum of €265,000,000 between August 01, 2025, and November 28, 2025 [2]. - The average purchase price will be determined objectively by the market during the agreement period, with a guaranteed discount applied [2]. - All shares repurchased under this agreement will be cancelled [3].

Group 1 - Vaisala Corporation executed a share repurchase on July 29, 2025, buying 3,035 shares at an average price of €46.9488 per share, totaling €142,489.61 [1] - Following the repurchase, Vaisala Corporation now holds a total of 124,353 shares [1] - The share buybacks comply with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052 [1] Group 2 - Vaisala is a global leader in measurement instruments and intelligence for climate action, focusing on improving resource efficiency and driving energy transition [2] - The company has nearly 90 years of innovation and expertise, employing around 2,500 experts dedicated to environmental measures [2] - Vaisala's series A shares are listed on the Nasdaq Helsinki stock exchange [2]

Core Insights - Wolters Kluwer has repurchased 144,684 ordinary shares for €19.7 million at an average price of €136.22 during the period from July 24 to July 28, 2025, fulfilling part of a previously disclosed share repurchase agreement totaling €350 million [2][3] - The company has a share buyback program announced on February 26, 2025, with a total intended repurchase of up to €1 billion throughout 2025 [3] - As of the current date in 2025, Wolters Kluwer has repurchased a cumulative total of 4,221,191 shares for €636.9 million, with an average share price of €150.88 [3] Company Overview - Wolters Kluwer is a global leader in professional information solutions, software, and services, serving various sectors including healthcare, tax and accounting, financial compliance, legal, and corporate performance [5] - The company reported annual revenues of €5.9 billion for 2024 and operates in over 180 countries with approximately 21,900 employees [6] - Wolters Kluwer shares are listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [7]

Core Points - Royal Vopak has completed its share buyback program, returning EUR 100 million to shareholders as announced on 19 February 2025 [1] - A total of 2,551,949 ordinary shares, representing 2.17% of the company's outstanding shares, were repurchased at an average price of EUR 39.19 per share [2] - After the cancellation of these shares, the total number of issued outstanding shares will be 115,264,199 [2] Company Overview - Royal Vopak provides storage and infrastructure solutions for essential products, including liquids and gases for energy, chemicals for manufacturing, and edible oils for cooking [3] - The company has been a leader in fundamental transformations for over 400 years, focusing on safety, reliability, and efficiency [3] - Vopak is actively supporting the energy transition by developing infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage systems, and low-carbon fuels [3] - The company is listed on Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands [3]

Acquisition & Strategy - Tapestry's attempted $85 billion acquisition of Capri Holdings was blocked by the FTC due to concerns about creating an excessively concentrated player in the accessible luxury handbags market [1][2] - Wall Street disliked the Capri deal, fearing Tapestry would overstretch its balance sheet to acquire a consistently worse operator [3] - Tapestry redeemed deal debt and announced a $28 billion buyback program, including a $2 billion accelerated share repurchase program, representing roughly 15% of shares outstanding [6][7] - Tapestry sold its Steuart Weitzman brand to focus on the core Coach brand and turning around Kate Spade [8][9] Financial Performance & Market Dynamics - Tapestry's stock has increased 148% since the merger was blocked and is up 69% for the year [2] - Coach's revenue growth accelerated from 2% to 15% on a constant currency basis [11][12] - Tapestry delivered substantial top and bottom-line beats, raising full-year earnings forecast by $025 [10] - Kate Spade's constant currency revenue growth has declined for eight straight quarters, down 12% [16] Future Outlook & Risks - Tapestry aims to turn around Kate Spade by emulating Coach's strategies, targeting younger consumers and developing new products [17] - The stock trades at just under 22 times this year's earnings estimate, with 18% earnings growth, but is considered inherently risky given its recent performance [19][20] - The report suggests a potential buying opportunity if Tapestry reports a good quarter that doesn't fully satisfy shareholders, leading to a sell-off [20]

Company Overview - JDE Peet's is the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second in over 100 markets [3] - The company has a portfolio of strong iconic brands including Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees [3] Share Buyback Program - JDE Peet's announced the repurchase of 255,615 shares from July 21, 2025, to July 25, 2025, at an average price of EUR 24.00 per share, totaling EUR 6.1 million [1] - The total number of shares repurchased under the buyback program to date is 4,728,935 ordinary shares for a total consideration of EUR 94.2 million [2] - The buyback program was initially announced on March 3, 2025, with a total allocation of EUR 250 million [1]

Core Viewpoint - Sydbank A/S has initiated a share buyback program amounting to DKK 1,350 million, aimed at reducing its share capital, with the program set to run from March 3, 2025, to January 31, 2026 [1][2]. Summary by Sections Share Buyback Program - The share buyback program is compliant with EU regulations, specifically Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052, known as the Safe Harbour rules [2]. - As of the most recent announcement, a total of 1,288,000 shares have been accumulated under the program, with a gross value of DKK 553,835,560 [2]. Weekly Transactions - During week 30, Sydbank A/S repurchased a total of 55,000 shares, with a gross value of DKK 26,066,260 [2]. - The weekly transactions included: - July 21, 2025: 11,000 shares at DKK 474.74 - July 22, 2025: 11,000 shares at DKK 471.02 - July 23, 2025: 11,000 shares at DKK 473.09 - July 24, 2025: 11,000 shares at DKK 477.09 - July 25, 2025: 11,000 shares at DKK 473.72 [2]. Total Accumulated Shares - The total number of shares repurchased during the entire buyback program has reached 1,343,000, with a total gross value of DKK 579,901,820 [2]. - Following these transactions, Sydbank A/S holds a total of 1,343,637 own shares, representing 2.62% of the bank's share capital [4][5].

Group 1 - Truecaller AB has repurchased a total of 145,000 B shares from July 21 to July 25, 2025, representing 0.04% of outstanding capital as part of its share buyback program [1] - Since the initiation of the buyback program on May 30, 2025, Truecaller has repurchased a total of 400,000 shares, which corresponds to 0.11% of outstanding capital [1] - The share buyback program is authorized by the Board until the Annual General Meeting in 2026, allowing buybacks up to a maximum of 10% of the total number of outstanding shares [2] Group 2 - The aggregated daily volume of shares repurchased during the week of July 30, 2025, includes 35,000 shares on July 22, 30,000 shares on July 23, 30,000 shares on July 24, and 50,000 shares on July 25, totaling 145,000 shares with a weighted average price of SEK 53.19 [3] - The total value of shares repurchased during the week amounts to SEK 7,712,175, while the total value during the entire buyback program is SEK 24,475,959 [3] - As of July 25, 2025, Truecaller holds 4,345,332 B shares and 5,013,786 C shares, which together represent 2.65% of the outstanding capital [4] Group 3 - The total number of shares in Truecaller, including its own shares, is now 353,750,053, while the number of outstanding shares, excluding own shares, is 344,390,935 [5] - Truecaller is a leading global platform for verifying contacts and blocking unwanted communication, with over 450 million active users [5]

Core Viewpoint - Elis has disclosed the purchase of its own shares from July 21 to July 24, 2025, as part of its buyback program authorized by the General Shareholders' Meeting on May 22, 2025 [2]. Summary by Relevant Sections Share Buyback Details - The total number of shares acquired during this period was 42,292 shares, with a weighted average price of €24.9064 [2]. - The purchases were made on various platforms, including XPAR and DXE, with daily transactions detailed as follows: - July 21, 2025: 15,135 shares at average prices of €24.8578 and €24.8084 [2]. - July 22, 2025: 14,003 shares at average prices of €24.7323 and €24.6760 [2]. - July 23, 2025: 2,800 shares at an average price of €25.0457 [2]. - July 24, 2025: 10,354 shares at average prices of €25.2264 and €25.1880 [2]. Purpose of Share Purchases - The purpose of these share buybacks is to cover maturing performance share plans and allocate free shares to employees as part of the Elis for All 2025 international employee shareholding plan [2]. - Additionally, the shares are intended to be cancelled in accordance with the resolution passed at the Combined General Meeting on May 22, 2025 [2].

Group 1 - KPN has completed a € 250 million share buyback program, which started on February 25, 2025, and concluded on July 25, 2025 [1][4] - A total of 62,465,117 ordinary shares were repurchased at an average price of € 4.00 per share [1][2] - KPN plans to cancel 61,465,117 of the repurchased shares to reduce its capital, while retaining 1,000,000 shares for employee share plans [2] Group 2 - In the final days of the share buyback, KPN repurchased 5,294,379 ordinary shares at an average price of € 3.99 per share, totaling € 21.1 million [3] - The transaction details of the share buyback are available on KPN's website [3]