adidas-Salomon to initiate share buyback program
Herzogenaurach, March 9, 2005 - The Executive Board of adidas-Salomon AG has decided to make use to an extent yet to be determined of the authorization granted by the Annual General Meeting on May 13, 2004 and valid until November 12, 2005 to purchase own shares in the amount of up to 10% of the Company’s share capital in the foreseeable future. Pursuant to the authorization of the Annual General Meeting, the repurchase price per share may not exceed 5% above or below the average share market price of the XETRA closing auction on the Frankfurt Stock Exchange of the last three trading days prior to the relevant purchase. The launch of the share buyback program as well as further details yet to be decided with regard to repurchase price, number of shares and duration will be announced separately. The buyback will be carried out in compliance with Directive (EU) No. 2273/2003 of the Commission of December 22, 2003.