ALTAREIT: New share buyback program approved by the general meeting

On June 5, 2024, the combined general meeting of shareholders of Altareit approved a new share buyback program. This initiative, in accordance with articles 241-2 et seq. of the AMF General Regulations, has several specific objectives.

The program, implemented by Management upon validation, will allow Altareit to repurchase shares at a maximum unit price of 1,000 euros. The overall holding limit is set at 10% of the Company's capital, with a total allocated amount not exceeding 80 million euros.

The repurchased shares will be used to stimulate the market, reward employees, exercise rights attached to other securities and potentially cancel shares to increase profitability. This program will also allow Altareit to retain shares for strategic operations such as mergers or acquisitions.