Icade launches a share buyback program

Icade, a listed real estate company, announced a share buyback program approved at its Combined General Meeting on May 13, 2025. This program complies with Articles L. 22-10-62 et seq. of the French Commercial Code and AMF regulations. Icade, which held 0.55% of its capital through 420,454 shares as of April 30, 2025, aims to repurchase up to 5% of its share capital. This represents a maximum of 3,391,273 additional shares, in order to maintain a maximum threshold of 5% direct ownership.

The objectives include stimulating the secondary market, covering employee and agent stock option plans, and potentially canceling shares. The maximum purchase price per share is set at €50, with a total program size capped at €200 million. The program may use derivative instruments, subject to applicable regulations, and is valid until November 12, 2026.