Euronext today revealed a new share repurchase program with a total maximum value of €300 million. The initiative is aimed at reducing the company’s share capital. Under the terms of the program, all shares repurchased will be canceled, effectively decreasing the number of outstanding shares.

The share repurchase program is set to begin on 11 November 2024 and will run for up to 12 months. The program will be implemented on Euronext Paris in accordance with the regulatory framework and applicable rules. Specifically, the company is targeting the repurchase of approximately 3.0% of its ordinary shares. This is within the limit of 10.0% as authorized by the General Meeting held on 15 May 2024.

Euronext Launches €300 Million Share Repurchase Program

To manage the repurchase process, Euronext has entered into a non-discretionary arrangement with a financial intermediary. This ensures that the repurchases will be executed in a systematic and controlled manner, complying with market regulations.

The repurchase program will be carried out in full compliance with the EU’s Market Abuse Regulation 596/2014, as well as the Commission Delegated Regulation (EU) 2016/1052. The authority for this share buyback was granted by Euronext’s shareholders during the Annual General Meeting earlier this year.

This move is part of Euronext’s ongoing efforts to optimize its capital structure and deliver value to its shareholders. By reducing its share capital, the company expects to enhance its earnings per share and improve shareholder returns while also maintaining flexibility for future investments.

Euronext’s decision to implement the buyback aligns with its strategic objectives and reflects its commitment to maintaining a solid financial position in a dynamic market environment.

The program, set to run for up to 12 months, underscores Euronext’s commitment to delivering sustainable returns to its investors while ensuring compliance with all relevant regulatory standards. Through this initiative, Euronext demonstrates its proactive approach to financial management in a competitive market environment.

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