Valeo SE VLOF.PA:
* IMPLEMENTATION OF THE SHARE BUYBACK PROGRAM
* HAS REQUESTED THE ASSISTANCE OF AN INVESTMENT SERVICES PROVIDER FOR THE NEEDS OF ACHIEVING CERTAIN OBJECTIVES OF ITS SHARE BUYBACK PROGRAM AS AUTHORIZED BY THE GENERAL MEETING OF SHAREHOLDERS OF MAY 24, 2023
* IT IS AGREED BETWEEN THE PARTIES THAT THE INVESTMENT SERVICES PROVIDER WILL SELL TO VALEO WHICH IS OBLIGED TO ACQUIRE, BY MAY 13, 2024 AT THE LATER LATER, A CERTAIN QUANTITY OF VALEO SHARES, UP TO THE LIMIT OF 25 MILLION EUROS
*THE AVERAGE PRICE PER SHARE WILL BE DETERMINED ON THE BASIS OF THE ARITHMETIC AVERAGE OF THE WEIGHTED AVERAGE PRICE DURING THE ENTIRE DURATION OF THE CONTRACT
* THIS AVERAGE PRICE CANNOT IN ANY HYPOTHESIS EXCEED THE MAXIMUM PURCHASE PRICE OF 70 EUROS AS ADOPTED BY THE GENERAL MEETING OF SHAREHOLDERS OF MAY 24, 2023
Original text on Eikon ID:nGNE6yqmYV For more details, click on VLOF.PA
(Gdansk editorial office)