(CercleFinance.com) – Legrand announces the signing of a contract with an investment services provider (ISP) to implement a share buyback program involving a maximum of 450,000 shares, i.e. approximately 0.17 % of its capital.
It is expected that purchases will begin this March 28 for a period that may last until May 10 at the latest. In accordance with the authorization of the mixed GM of May 26, 2021, the average price per share of the operation may not exceed the maximum price of 120 euros.
The electrical equipment supplier specifies that the shares thus bought back under this contract will mainly be allocated to the delivery of performance share plans expiring or, as the case may be, intended to be cancelled.