Chargeurs Announces 2024-2025 Share Buyback Program

Chargeurs has revealed details of its new share buyback program for 2024-2025, subsequent to approval at the Annual General Meeting on April 30, 2024. Aimed to boost shareholder returns and regulate share liquidity, the program allows the board to buy back shares under specific guidelines set by French regulations.

As of March 31, 2024, Chargeurs held 824,460 shares in treasury, which are part of the total share capital of 24,862,314 shares. The program lists several purposes for the buybacks, including market liquidity, potential acquisitions, capital reduction, and stock option plans.

The program caps the buyback at 10% of the total shares, excluding those already held, which equates to a maximum of 1,661,771 shares. Purchases may not exceed a price of €30 per share, with a total financial commitment capped at 49,853,130 euros. Chargeurs may execute these buybacks until October 29, 2025.