(AOF) – Valeo announces that it has requested the assistance of an investment services provider for the purposes of carrying out its share buyback program authorized by the general meeting of shareholders of May 24, 2023. This service provider will sell to Valeo, which undertakes to acquire, no later than May 13, 2024, a certain quantity of Valeo shares, up to a limit of 25 million euros. The average price cannot exceed the maximum purchase price of 70 euros as decided by the General Meeting.
These shares will be fully allocated for the purpose of covering the implementation of any free and performance share plan, the allocation of shares to employees as part of their participation in the fruits of the expansion of the company or the implementation of any company savings plan and more generally any allocation of shares within the group.
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