Ipsen Announces Share Repurchase Program Details

PARIS, FRANCE, 28 May 2024 - Ipsen's Board of Directors has proposed a share repurchase program at the Annual General Meeting held today. This initiative is in accordance with Article L.22-10-62 of the French Commercial Code and applicable European regulations.

The objectives of the program include stimulating the secondary market, retaining shares for future mergers, covering stock options, and possibly cancelling acquired shares. Transactions will be conducted on-market or off-market, using various trading methods. However, repurchases are prohibited during public offer periods.

Ipsen plans to repurchase up to 10% of its share capital, equating to a maximum of 8,381,452 shares. With a current holding of 1,109,181 shares, up to 7,272,271 additional shares may be repurchased at a maximum price of €200 per share, totaling €1.67 billion. The authorization is valid for 18 months, expiring on 27 November 2025.