STEF announces its new share buyback program for 2024-2025

STEF, a public limited company with capital of 12,850,000 euros, has published the details of its new share buyback program following authorization by the General Meeting of April 25, 2024. This program, which replaces that of 2023, authorizes the repurchase of up to 10% of the share capital, or potentially 1,285,000 shares. The conduct of these repurchases is planned to adapt to various strategic and operational objectives, ranging from market stimulation to the allocation of shares to employees or the cancellation of securities.

The balance sheet of the previous program reveals active transactions, with purchases and sales made under a liquidity contract. In terms of distribution, 311,374 shares held represent 2.42% of the company's capital. For the new program, the maximum purchase price has been set at 140 euros per share, influenced by the capital variations planned during this period. Transactions may be carried out on the market or over the counter and will include the use of optional contracts.