eDreamsODIGEO (the “Company” or “eDO”) (BME: EDR) (OTC: EDDRF), the world’s leading travel subscription company, announced today that its general shareholders’ meeting (AGM) approved immediate and future share capital reductions of up to 12.000.000 shares, representing up to 10.38 % of current share capital, to enhance shareholder value. Specifically, the AGM approved an immediate share capital reduction through the redemption of 3.000.000 own shares; and the delegation to the Board of Directors of the authority to carry out up to three additional share capital reductions of up to 3.000.000 shares each.
The first capital reduction, which has already been approved by the AGM, will be carried out immediately through the redemption of 3.000.000 shares, representing approximately 2.59 % of the Company’s current share capital. This capital reduction is expected to be executed and made effective as soon as the necessary legal and administrative procedures are finalised.
Furthermore, with the aim to provide strategic flexibility and to enable sustained shareholder value creation, shareholders at the AGM also granted the Board of Directors authorisation for additional, future capital reductions of up to 9.000.000 shares by way of three separate reductions up to a maximum of 3.000.000 Company own shares each. Each capital reduction may be approved by the Board and executed based on market conditions and strategic priorities over the coming months. The overarching purpose of these capital reductions is to increase earnings per share, directly contributing to value accretion to the Company’s shareholders.
Christoph Dieterle, Chief Financial Officer of eDreams ODIGEO, said:“We welcome the strong shareholder backing for these resolutions, which reflect our continued commitment to disciplined capital allocation, delivering earnings per share growth and achieving long-term value for our shareholders. This enables us to continue to optimise our capital structure, reward shareholders whilst at the same time investing in growth and execute our ambitious 3.5-year plan. Our low-risk plan will accelerate growth and deliver 13 million Prime members and €270 million Cash EBITDA by March 2030. I would like to thank our shareholders for their continued trust and support.”
eDO’s continued commitment to shareholder value creation
The strength of the Company’s balance sheet and increasing cash generation from its leading travel subscription model enable eDO to invest in accelerating future growth, while simultaneously returning value to its shareholders through an active and value creating remuneration framework.
During fiscal year 2026. €64.4 million was returned to shareholders through eDO’s share buy-back programmes, delivering increased shareholders returns, with €62.8 million 1 still to be deployed under the €100 million buy-back programme running through September 2027.
In November 2025. from a very strong operational and financial base, the Company commenced its new, ambitious 3.5-year strategic roadmap to accelerate growth. The initial phase of this transformation is already delivering strong, tangible results, and the Prime subscriber base is now in excess of 8 million members. A transition to new monthly and quarterly payment models (instalments of the annual subscription with eDO guaranteed to receive the annual amount over the course of a year) enhances customer lifetime value, while strategic expansion into new geographies and product areas is enabling further growth.
eDO is set to substantially increase subscriber growth to between 1.5 million and 2 million net adds per year between April 2027 and March 2030. steering the Company towards its goal of more than 13 million Prime members and over €270 million in Cash EBITDA by March 2030.
