SAINT-JEAN GROUPE announces a new share buyback program

In accordance with European regulations and the articles of the AMF code, SAINT-JEAN GROUPE presented the terms of its new share buyback program, authorized by the General Meeting of June 27, 2024.

The program allows the repurchase of up to 10% of the share capital, or 320,577 shares. Taking into account the 22,429 shares already held, the company will be able to acquire up to 298,148 additional shares. The unit purchase price is set at 25 euros per share, for a maximum total amount of 7.5 million euros.

The main objectives are the cancellation of actions to improve profitability, allocation to employees and managers, and external growth operations. The program is valid until December 26, 2025.

The terms specify that operations can be carried out on the market or over the counter, including via blocks of securities and derivative products.