OVHcloud Announces Share Buyback Programme

In line with the authorization from the ordinary general meeting on February 15, 2024, OVHcloud has initiated a share buyback programme. The company has signed mandates with an investment service provider for the repurchase of its own shares. This programme will run from July 26, 2024, to December 31, 2024, with a maximum budget of 10 million euros.

The main goals of this initiative are to acquire shares for the delivery of expiring free share plans and to allocate or sell shares to employees. This is intended to support employee participation in the company's expansion and implement savings plans under French law, particularly articles L. 3332-1 and following of the French Labor Code.