GEA launches new share buyback program

(Boursier.com) — GEA is launching a new share buyback program starting March 29. GEA plans a maximum number of repurchases representing 10% of the shares, or 108,547 shares corresponding to 10% of the capital.

The maximum planned unit purchase price is 150 euros.

With this share buyback program, GEA aims to regularize the stock price, through systematic counter-trend intervention within the framework of a liquidity contract. GEA plans purchases within the framework of a mandate entrusted to an independent service provider with a view to the delivery of shares as payment or exchange as part of external growth operations and/or cancellation of shares.

The program will extend until September 28, 2025.