Press release - Implementation of a share buyback program
10 January 2025 - 5:13AM
UK Regulatory
Press release - Implementation of a share buyback program
Press release
Implementation of a share buyback program
|
Cergy, January 9, 2025
SPIE, the independent European leader in
multi-technical services in the areas of energy and communications,
announces the implementation of its share buyback program announced
on December 12th, 2024. This program
aims to partially offset the dilutive effects of the Group’s
employee shareholding plan and long-term incentive scheme.
SPIE has today entrusted an investment services
provider with a mandate to acquire a maximum number of 1,250,000
SPIE shares over a period extending from January 9, 2025 to
February 28, 2025.
SPIE intends to cancel all repurchased shares,
thereby partially offsetting the dilutive impact of the issuance of
new shares under the SHARE FOR YOU 2024 employee shareholding plan
and the Group’s long-term incentive plan.
This share buyback program is implemented under
the authorisation granted by the Annual Shareholders’ Meeting of
May 3, 2024, pursuant to its 10th resolution. The
purchase price will not exceed the maximum price set by the said
Shareholders’ Meeting. Details of the share buyback program are
available in section 6.4.3 of SPIE’s 2023 Universal Registration
Document.
Information on transactions on its own shares by
SPIE under the share buyback program will be published on the
Group’s website (www.spie.com).
About SPIE
SPIE is the independent European leader in multi-technical services
in the areas of energy and communications. Our 50,000 employees are
committed to achieving the energy transition and responsible
digital transformation alongside our customers.
SPIE achieved in 2023 consolidated revenue of
€8.7 billion and consolidated EBITA of €584 million.
Contacts
SPIE
Pascal Omnès
Group Communications Director
Tel. + 33 (0)1 34 41 81 11
pascal.omnes@spie.com |
SPIE
Audrey Bourgeois
Investor Relations Director
Tel. + 33 (0)1 34 41 80 72
audrey.bourgeois@spie.com
|
IMAGE 7
Laurent Poinsot
Tel. + 33 (0)1 53 70 74 77
lpoinsot@image7.fr |
- Press release - Implementation of a share buyback program
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