(AOF) – Eurofins Scientific SE has announced its intention to launch a new share buyback program for a maximum amount representing up to 2% of its share capital. A first program took place between October 3, 2022 and August 8, 2023. The new program would begin on October 25, 2023 and last until October 24, 2025, subject to the renewal of the authorization of this share buyback program. shares by the Company’s Annual General Meeting to be held in April 2024.
The company may interrupt this program at any time depending on market conditions and/or changes in its investment strategy.
Shares purchased under this program will be used primarily to cover the Company’s long-term incentive plans, but may also be canceled, used to partially finance acquisitions or for other purposes approved by the Board of Directors. administration and within the framework of the authorization of the extraordinary general meeting.
Eurofins Scientific SE mandates an independent financial services provider to execute the first tranche of this program for a maximum duration of three months starting on October 25, 2023 and ending on January 24, 2024 with a maximum volume of one million shares or 0 .52% of its share capital.
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