(AOF) – Visiomed announces the launch of a share buyback program, after that implemented in April 2023. The maximum authorized buyback percentage is 10% of the capital, or nearly 29.248 million shares, and the Maximum unit purchase price is set at 1.50 euros, i.e. a maximum theoretical amount devoted to the buyback program, amounting to 43.87 million euros. The program will be in place until December 14, 2024, with extension of the share buyback policy by the implementation of a new program submitted to the next extraordinary general meeting.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.