(CercleFinance.com) – Valeo announces that it has entered into a contract with an investment services provider (PSI) for the achievement of certain objectives of its share buyback program as authorized by the general meeting of May 24 .
Under the terms of the contract, PSI will sell a certain quantity of Valeo shares to the automotive supplier, which undertakes to acquire them, no later than May 13 at the latest, up to 25 million euros. , at a price which may not exceed 70 euros per share.
These shares will be fully allocated to cover the implementation of any free and performance share plan, the allocation of shares to employees and more generally any allocation of shares within the group.
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