Magnum Ice Cream Plans Share Acquisition for Long-Term Incentive Plans

The Magnum Ice Cream Company N.V. has announced plans to acquire up to 6.6 million ordinary shares, valued at approximately €110 million, through forward transactions. This move is part of the company’s ongoing efforts to manage its long-term incentive plans.

According to the press release, the company intends to use these shares to cover certain obligations arising from its long-term incentive plans. The transactions will be executed in compliance with the requirements of the EU Market Abuse Regulation and other applicable regulations.

Magnum Ice Cream, headquartered in Amsterdam, is the world's leading ice cream business. Its portfolio includes four of the world's largest ice cream brands: Magnum, Ben & Jerry's, Cornetto, and the Heartbrand. The company delights consumers in 80 markets around the globe, employing a global team of 19,000 individuals. Magnum Ice Cream operates a network of 32 factories and maintains 13 R&D centers, ensuring continuous innovation and quality in its products.

The company’s legal entity identifier is 25490052LLF3XH6G9847. This strategic move underscores the company’s commitment to managing its long-term incentive plans effectively and maintaining compliance with regulatory requirements.