Extension of PASSAT Share Buyback Program

On January 9, 2025, PASSAT announced the extension of its share buyback program, initially authorized at the Ordinary General Meeting of June 21, 2024. This decision allows the company to continue to acquire its own shares, with a ceiling of 10% of the capital at any time.

As of December 31, 2024, PASSAT held 267,747 shares, or 6.37% of its share capital. The current program provides for the purchase of up to 52,000 shares, a threshold that had not been reached at that date. The average acquisition price of the shares was set at €4.72.

The program is now extended until June 15, 2025, with the same initial conditions. The company has mandated an investment services provider to ensure the execution of this program independently.