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The Magnum Ice Cream Company N.V. (TMICC or the Company) Share Purchase - Long Term Incentive Plans The Company announces that it will enter into forward transactions to acquire up to 5,5 million shares to cover certain of its obligations arising from its long-term incentive plans.

Jefferies has raised its price target on The Magnum Ice Cream Company (EURONEXT:MICC, LSE:MICC, NYSE:MICC), the world's largest pure-play ice cream business, while keeping a hold rating and cautioning that this year's strong sales will be hard to repeat. The broker lifted its target by 15% to €15.60, from €13.50, but that still sits 8% below the recent share price of €17.01.

The Magnum Ice Cream Company remains a buy as H1 organic sales grew 4.7% and volume rose 2.5%, with share gains in all regions. MICC's growth is driven by superior distribution, strategic retailer collaboration, and expanding away-from-home cabinet presence, supporting both volume and margin expansion. Productivity gains and the phased exit from Unilever's TSA are expected to drive margin improvement, with a target of EUR500 million in medium-term savings.

The Magnum Ice Cream Company N.V. is the world's largest pure-play ice cream firm, recently spun off from Unilever and showing strong early independence. MICC delivered 4.7% organic sales growth, balanced volume and pricing, and margin expansion, but faces execution risks, commodity headwinds, and FX pressures. Heavy investment in India and infrastructure is weighing on near-term free cash flow and capex, with long-term growth potential but short-term profitability challenges.