Edenred: Share buyback mandate

Press release

April 19, 2024

Share buyback mandate 

As part of its share buyback operation announced on March 8 for a maximum amount of  €300 million until March 2027, Edenred announces it has entered into a share buyback agreement with an investment services provider (ISP) on April 19, 2024. This mandate, for an initial total maximum amount of €50 million, will run until May 7, 2024, with the intention of extending it until March 31, 2027^[1] for an amount corresponding to €300 million less the amount actually bought back under the terms of this initial mandate.

On an indicative basis, €50 million would correspond to a total volume of 1.1 million shares  (i.e., 0.43% of the share capital), at the closing price on April 18.

Any shares bought back will be canceled, as announced on March 8.

This mandate will be carried out in accordance with the authorization granted by the 

General Meeting held on May 11, 2023 and with EU Regulation No. 596/2014 of the  European Parliament and of the Council of April 16, 2014 on market abuse, supplemented by Commission Delegated Regulation EU 2016/1052 of March 8, 2016.

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About Edenred 

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients. 

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and dedicated platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility. 

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. 

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards. 

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe. 

The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.E., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.

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CONTACTS

Communications Department

Emmanuelle Châtelain 

+33 (0)1 86 67 24 36 emmanuelle.chatelain@edenred.com

Media Relations 

Matthieu Santalucia +33 (0)1 86 67 22 63 matthieu.santalucia@edenred.com

Investor Relations 

Cédric Appert

+33 (0)1 86 67 24 99 cedric.appert@edenred.com 

Baptiste Fournier

+33 (0)1 86 67 20 73

baptiste.fournier@edenred.com

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