Euronext announces launch of a share repurchase programme of €300 million
07 Noviembre 2024 - 10:45AM
UK Regulatory
Euronext announces launch of a share repurchase programme of €300
million
Euronext announces launch of a share
repurchase programme of €300 million
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and Paris – 7 November 2024 – Euronext today
announces a share repurchase programme (the ‘Programme’) for a
maximum amount of €300 million.
This Programme is enabled by Euronext’s strong
cash generation capabilities and demonstrates Euronext’s rigorous
capital allocation strategy. The Programme will not change the
deleveraging path of Euronext, nor its credit rating. The Programme
will also be compatible with preserving the Group financial
flexibility to capture market opportunities and its dividend policy
of a pay-out of 50% of reported net income.
The Programme will be implemented as
follows:
-
Purpose: the purpose of the Programme is to reduce the share
capital of Euronext. All shares repurchased as part of the
Programme will be cancelled;
-
Maximum amount allocated: €300 million;
-
Duration: the targeted period for the share repurchase programme is
from 11 November 2024 for a maximum duration of 12 months, to be
implemented on Euronext Paris;
-
Framework: Euronext aims to repurchase approximately 3.0% of its
ordinary shares, as authorised by the General Meeting on 15 May
2024 to a limit of 10.0%.
Euronext has entered into a non-discretionary
arrangement with a financial intermediary to conduct the
repurchase.
The Programme will be executed in compliance
with applicable rules and regulations, including the Market Abuse
Regulation 596/2014 and the Commission Delegated Regulation (EU)
2016/1052, and based on the authority granted by the annual general
meeting of shareholders on 15 May 2024. Euronext will provide
regular updates on the progress of the programme, in line with
applicable regulations, at:
euronext.com/en/investor-relations/capital-and-shareholding/share-buyback-program
CONTACTS
ANALYSTS & INVESTORS
– ir@euronext.com
Investor
Relations Aurélie
Cohen +33 1 70 48 24
17
Judith
Stein +33 6 15 23 91
97
MEDIA –
mediateam@euronext.com
Europe Aurélie
Cohen +33 1 70
48 24 45
Andrea
Monzani +39 02
72 42 62 13
Belgium Marianne
Aalders +32 26
20 15
01
France,
Corporate Flavio
Bornancin-Tomasella +33
1 70 48 24 45
Ireland Andrea
Monzani +39 02
72 42 62
13
Italy Ester
Russom +39 02
72 42 67
56
The
Netherlands Marianne
Aalders +31 20 721
41
33
Norway Cathrine
Lorvik Segerlund +47
41 69 59
10
Portugal Sandra
Machado +351 91 777
68
97
Corporate
Services Coralie
Patri +33 7 88
34 27 44
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting European economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
the Netherlands, Norway and Portugal. With nearly 1,900 listed
issuers and around €6.5 trillion in market capitalisation as of end
of June 2024, it has an unmatched blue-chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets, one of
Europe’s leading electronic fixed income trading markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. The Group provides a multi-asset clearing house through
Euronext Clearing, and custody and settlement services through
Euronext Securities central securities depositories in Denmark,
Italy, Norway and Portugal. Euronext also leverages its expertise
in running markets by providing technology and managed services to
third parties. In addition to its main regulated market, it also
operates a number of junior markets, simplifying access to listing
for SMEs. For the latest news, go to euronext.com or follow us on X
(x.com/euronext) and LinkedIn (linkedin.com/company/euronext)
Disclaimer
This press release is for information purposes
only: it is not a recommendation to engage in investment activities
and is provided “as is”, without representation or warranty of
any kind. While all reasonable care has been taken to ensure the
accuracy of the content, Euronext does not guarantee its accuracy
or completeness. Euronext will not be held liable for any loss or
damages of any nature ensuing from using, trusting or acting on
information provided. No information set out or referred to in this
publication may be regarded as creating any right or obligation.
The creation of rights and obligations in respect of financial
products that are traded on the exchanges operated by Euronext’s
subsidiaries shall depend solely on the applicable rules of the
market operator. All proprietary rights and interest in or
connected with this publication shall vest in Euronext. This press
release speaks only as of this date. Euronext refers to Euronext
N.V. and its affiliates. Information regarding trademarks and
intellectual property rights of Euronext is available at
www.euronext.com/terms-use.
© 2024, Euronext N.V. - All rights
reserved.
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