LAGARDERE SA Announces Its 2024-2025 Share Buyback Program

LAGARDERE SA has officially launched its new share buyback program for the years 2024-2025, following approval during the company's General Meeting on April 25, 2024. This ambitious plan aims to allocate a maximum of EUR 500 million to repurchase up to 10% of its share capital, equating to 14,113,328 shares based on the current share structure. As of April 26, 2024, the company held 313,316 shares, allowing for the potential purchase of an additional 13,800,012 shares without surpassing the 10% cap.

The objectives of the buyback include enhancing market liquidity, compensating employees, and supporting external growth opportunities among other approved corporate transactions. The shares can be traded in compliance with AMF regulations and outside designated blackout periods. The maximum price set for repurchase per unit is EUR 40. This program is set to run for 18 months, concluding by October 25, 2025.