from Deezer (EPA:DEEZR)
Implementation of share buy-back program
Implementation of share buy-back program
Paris, 31 July 2024, 8:00am CEST – Deezer (Euronext Paris: DEEZR; ISIN: FR001400AYG6), the global music experiences platform, announces the Implementation of a share buyback program, from 31 July 2024, following the vote of the 16th resolution at the Annual General Meeting of shareholders.
As part of the share buyback program as approved by the Annual General Meeting, for a maximum amount of €6 million until December 2025, Deezer announces that it has entered into a share buyback agreement with an investment services provider (ISP) on 31 July 2024. The mandate covers a maximum of 300,000 shares and is valid until 31 August 2024, and renewable until 15 September 2024.
Any shares bought back will be used to honor obligations related to share purchase options, free share grants, Company savings plans or other share grants to employees and officers of the Company or its affiliates.
This mandate is entered into in accordance with the authorization of the General Meeting of
13 June 2024 and EU Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, supplemented by Commission Delegated Regulation EU 2016/1052 of 8 March 2016.
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Press Contact Deezer
Jesper Wendel – jwendel@deezer.com
Investor Relation Contact Deezer
Grégoire Saint-Marc – deezer@actus.fr
ABOUT DEEZER
Deezer is one of the world’s largest independent music experiences platforms, connecting fans with artists and creating ways for people to Live the music. The company provides access to a full-range catalog of high-quality music, lossless HiFi audio and industry-defining features on a scalable platform available in 180+ countries. Founded in 2007 in Paris, Deezer is now a global company with over 600 people based in France, Germany, UK, Brazil and the US, all brought together by their passion for music, technology and innovation. By building strategic partnerships in key markets across Europe and the Americas, Deezer keeps delivering brand value and end-user engagement across a wide variety of industries, including telecommunications, media, audio hardware and e-retail. As an industry thought leader, Deezer was the first platform to introduce a new monetization model since the inception of music streaming, designed to better reward the artists, and the music that fans value the most. Deezer is listed on Euronext Paris (Ticker: DEEZR. ISIN: FR001400AYG6) and is also part of the Euronext Tech Leaders segment, dedicated to European high-growth tech companies, and its associated index. Deezer – Live the music
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