MEMSCAP Launches Share Buyback Program

MEMSCAP, a company specializing in pressure sensor solutions for aeronautics and medical, has announced the launch of a share buyback program. This program, approved by the Board of Directors, provides for a maximum envelope of 500,000 euros for the acquisition of shares on the Euronext Paris market.

The buybacks will run from December 4, 2024 to March 31, 2025. The primary objective is the cancellation of shares within the framework of MEMSCAP's financial policy, as determined by the general meeting of shareholders in May 2024.

The program will allow the purchase of shares at a maximum price of 20 euros per share, under flexible terms, so as not to exceed 10% of the capital. The company will implement these buybacks in order to optimize its financial structure and support the liquidity of its shares.