Mr. Bricolage announces its new share buyback program

Mr. Bricolage, the company specializing in DIY and home improvement, has published details of its new share buyback program. This program, which aims to stabilize the market for its shares, will be presented at the general meeting of shareholders on April 24, 2024 for approval.

The company announced that it could repurchase up to 10% of its capital, which corresponds to 890,359 shares, taking into account the shares already owned by the company. The shares could be acquired at a maximum price of 20 euros per share, with a total allocated budget of 17,807,180 euros. Purchases are planned to be made either on the market or over the counter, potentially including block acquisitions.

The main objectives announced for this repurchase are the liquidity of the Mr. Bricolage share market, support for external growth operations, coverage of employee shareholding programs, and potentially the cancellation of acquired shares. The duration of the program is planned for 18 months, ending in October 2025.