ICADE launches an ambitious share buyback program

During its combined general meeting of April 19, 2024, ICADE, the real estate company, announced the approval of its own share buyback program. This plan, validated under the 21st resolution, is specified in strict regulatory detail in accordance with the articles of the Commercial Code and the general regulations of the AMF. This description is publicly available on the ICADE website.

The program provides for various objectives such as improving the liquidity of shares on the secondary market, supporting strategic operations such as mergers or acquisitions, and covering different action plans for the company's employees and executives. . In terms of figures, ICADE plans to buy back up to 5% of its capital, or potentially 3,304,483 shares, respecting a maximum price of 70 euros per share.

Acquisition management will be flexible, allowing purchases by various means and at times deemed appropriate by the board of directors, with an allocated financial envelope of 270 million euros. The execution period runs until October 18, 2025.