on EDENRED (EPA:EDEN)
Edenred Announces New Share Buyback Mandate
On September 12, 2024, Edenred entered into a new share buyback agreement with an investment services provider. This is part of their previously announced share buyback operation, aiming for a maximum of €300 million by March 2027.
The new mandate has an initial maximum amount of €75 million and will run until May 15, 2025. If extended to March 2027, the total could reach up to €300 million. As of September 11, 2024, 4.5 million shares had been purchased, totaling €186 million.
At the closing price on September 11, the €75 million budget would correspond to around 2.0 million shares. All shares bought back under this mandate will be canceled as was announced on March 8.
This buyback operation will comply with the authorization from the General Meeting held on May 7, 2024, and EU Regulation No. 596/2014 on market abuse.
R. E.
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