Edenred: Share buyback mandate

(Boursier.com) — As part of its share buyback operation announced on March 8 for a maximum amount of 300 million euros until March 2027, Edenred announces the conclusion, on September 12, 2024, of a new share buyback mandate with an investment services provider (ISP).

This mandate, for an initial total maximum amount of 75 million euros, is valid until May 15, 2025, with the intention of extending it until March 31, 2027 for an amount corresponding to 300 million euros less the amount that will have been effectively repurchased under this mandate and those concluded since April 19. As of September 11, 2024, 4.5 million shares have already been repurchased as part of this transaction for a total of 186 million euros.

As an indication, at the closing price on September 11, the amount of 75 million euros would correspond to a total volume of 2.0 million shares (i.e. 0.82% of the capital).
Any shares repurchased will be cancelled, in accordance with the announcement made on March 8.

This mandate is concluded in accordance with the authorization of the General Meeting of May 7, 2024 and 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.