ENENSYS Technologies launches new share buyback program

ENENSYS Technologies, a major player in the technology sector, announced the start of a share buyback program following authorization from the general meeting of June 7, 2023. This program, which complies with the directives of the Authority financial markets, allows acquisitions of shares up to 10% of the share capital. The objective is to support various internal initiatives, including employee share purchase and allocation plans, as well as external growth operations.

The plan also authorizes the use of shares for hedging operations and could include their cancellation to optimize the financial management of the company. The total amount allocated for this buyback is set at one million euros, with a maximum price of seven euros per share. Transactions can take place on the market or over the counter, in accordance with regulatory standards. This program follows a previous buyback initiative where the company acquired 105,000 shares.