Share Buyback

As of December 29, 2023, the Adecco Group ended the EUR 600 million share buyback programme started in April 2021 and paused in July 2021, in line with the Group’s priorities for the use of cash.

Under this share buyback programme, intended to be concluded by December 31, 2023, at the latest, the company repurchased 1,424,388 of its shares via a second trading line on the SIX Swiss Exchange. The average purchase price per share (excluding commission) was CHF 61.96.

The shareholders of the Adecco Group AG resolved at the 2022 Annual General meeting on the reduction of share capital through cancellation of all 1,424,388 shares repurchased under this buyback programme.

Full Press Release

On 25 February 2021, along with its Q4 and FY 2020 results, the Adecco Group announced the intention to execute a share buyback programme of up to EUR 600 million. Read the full press release. The share buyback programme will be executed on the second trading line on SIX Swiss Exchange

The maximum buyback volume per day in accordance with Art. 123(1)(c) of the Swiss Financial Market Infrastructure Ordinance is 144,421 shares. After shareholder approval, repurchased shares will be cancelled and the share capital reduced. Shares purchased on the second trading line are subject to the Swiss Federal withholding tax of 35% on the half of the difference between the share buyback price of the Adecco Group AG share and its nominal value provided that capital contribution reserves confirmed by the Federal Tax Administration (FTA) are available. As of 14.04.2021 no more capital contribution reserves are available, hence as of this date the withholding tax amounts to 35% on the difference between the repurchase price of the Adecco shares and their nominal value. The share buyback programme will be completed at the latest by 15 December 2023.

Starting 7 April, the Adecco Group delegated the execution of the share buyback programme to UBS AG.

Listing notice in German and French:
- Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
- Rachat d’actions propres en vue d’une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco Group AG EUR 600 million share buyback progress Excel file.
file last updated on 30th July 2021

On 1 March 2018, along with its Q4 and FY 2017 results, the Adecco Group announced the launch of a share buyback programme of up to EUR 150 million. Read the full press release. The share buyback programme will be executed on the second trading line on SIX Swiss Exchange

The maximum buyback volume per day in accordance with Art. 123(1)(c) of the Swiss Financial Market Infrastructure Ordinance is 266,318 shares. After shareholder approval, repurchased shares will be cancelled and the share capital reduced. Shares purchased on the second trading line are subject to the Swiss federal withholding tax of 35% on the difference between the buyback price of the Adecco Group AG share and its nominal value. The share buyback programme will be completed at the latest by 13 May 2021.

Starting May 14, Adecco delegated the execution of the share buy-back programme to Credit Suisse AG.

Listing notice in German and French:
-Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
-Rachat d'actions propres en vue d'une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco Group AG EUR 150 million share buyback progress Excel file
file last updated on 18 March 2019

On 2 March 2017, along with its Q4 and FY 2016 results, the Adecco Group announced the launch of a share buyback programme of up to EUR 300 million.Read the full press release. The share buyback programme was executed on the second trading line on SIX Swiss Exchange

The maximum buyback volume per day in accordance with Art. 123(1)(c) of the Swiss Financial Market Infrastructure Ordinance was 277,682 shares. The completion of the programme was announced on March, 13, 2018. Adecco repurchased 4,580,260 of its shares (equal to 2.68% of the share capital at launch of this share buyback programme) via a second trading line on SIX Swiss Exchange. The average purchase price per share was CHF 73.83 (excluding commissions). The shareholders of the Adecco Group AG will resolve on the reduction of share capital through cancellation of all the 4,580,260 repurchased shares at the Annual General Meeting 2018.

Listing notice in German and French:
- Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
- Rachat d'actions propres en vue d'une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco Group AG EUR 300 million share buyback progress Excel file
file last updated on 8 March 2018

On November 13, 2014, the Adecco Group announced the launch of a share buyback programme of up to EUR 250 million, with the aim of subsequent cancellation of the shares and reduction of the share capital.Read the full press release. The share buyback programme was executed on the second trading line on SIX Swiss Exchange. The maximum buyback volume per day in accordance with Art. 55 b para. 1 lit c SESTO was 283,075 shares. The completion of the programme was announced on January 21, 2016. Read the full press release. Adecco repurchased 3,895,500 of its shares (equal to 2.18% of the share capital at launch of this share buyback programme) via a second trading line on SIX Swiss Exchange. The average purchase price per share was CHF 70.22 (excluding commissions).

At the end of 2014, 576,750 shares had been repurchased under this programme. The cancellation of these shares was approved at the annual shareholder meeting on April 21, 2015 and was effective as of June 30, 2015. At the annual shareholder meeting 2016, the cancellation of the remaining 3,318,750 shares was approved and was effective as of July, 4, 2016.

Listing notice in German and French:
- Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
- Rachat d'actions propres en vue d'une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco EUR 250 million share buyback progress Excel file
file last updated on 22nd January 2016

On September 17, 2013, the Adecco Group announced the launch of a share buyback programme of up to EUR 250 million, with the aim of subsequent cancellation of the shares and reduction of the share capital. Read the full press release. The maximum buyback volume per day in accordance with Art. 55 b para. 1 lit c SESTO was 129,800 shares. The completion of the programme was announced on November 13, 2014. Read the full pressrelease. Adecco repurchased 4,490,373 of its shares (equal to 2.37% of the share capital at launch of this share buyback programme) via a second trading line on SIX Swiss Exchange. The average purchase price per share was CHF 67.64 (excluding commissions).

At the end of 2013, 460,250 shares had been repurchased under this programme. The cancellation of these shares was approved at the annual shareholder meeting on April 15, 2014 and was effective as of July 7, 2014. At the annual shareholder meeting 2015, the cancellation of the remaining 4,030,123 shares was approved and was effective as of June 26, 2015.

Listing notice in German and French:
- Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
- Rachat d'actions propres en vue d'une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco EUR 250 million share buyback progress Excel file
file last updated on 13th November 2014

On June 26, 2012, the Adecco Group announced the launch of a share buyback programme of up to EUR 400 million, with the aim of subsequent cancellation of the shares and reduction of the share capital.Read the full press release. The completion of the programme was announced on September 17, 2013. Read the full press release. Adecco repurchased 9,721,446 of its shares (equal to 5.14% of the share capital) via a second trading line on SIX Swiss Exchange. The average purchase price per share was CHF 50.08 (excluding commissions). The cancellation of these shares was approved at the annual shareholder meeting on April 15, 2014 and was effective as of July 7, 2014.

Listing notice in German and French:
- Rückkauf eigener Aktien zum Zweck der Kapitalherabsetzung
- Rachat d'actions propres en vue d'une reduction de capital

The progression of the share buyback programme is shown within the following Excel file.
Download the Adecco EUR 400 million share buyback progress Excel file
file last updated on 23rd September 2013