par QUADIENT (EPA:QDT)
QUADIENT: Signing of a contract with an investment service provider to execute the share buyback program
Signing of a contract with an investment service provider to execute the share buyback program
Paris, 30 September 2024
Quadient S.A. (Euronext Paris: QDT), a global automa on pla orm powering secure and sustainable business connec ons, today announces the signing of a share buyback contract with an investment services provider to execute its share buyback program announced Monday 23 September[1].
Under the terms of this contract, Quadient mandates the investment service provider to acquire shares on the market and on its behalf for up to €30 million (total purchase price excluding ancillary costs) over a period of up to 18 months[2].
The share buyback program will be carried out under the authoriza on granted by the 2024 Annual General Mee ng of shareholders held on 14 June 2024, and may be renewed or extended, up to a maximum of 10% of the total number of shares comprising the share capital of the Company as set out in the 19th resolu on of the 2024 Annual General Mee ng. Quadient intends to cancel the shares acquired through the share buyback program apart from a por on of up to €10 million, which will be dedicated to future equity-based long term incen ve plans for employees and management, as set out in the 19th resolu on of the 2024 Annual General Mee ng.
The buybacks will be carried out subject to market condi ons and in compliance with applicable rules and regula ons, including the Market Abuse Regula on 596/2014 and the European Commission Delegated Regula on (EU) 2016/1052. Quadient hereby confirms the absence of any agreement with any of its exis ng shareholders regarding their poten al par cipa on in the share buyback program.
About Quadient®
Quadient is a global automa on pla orm provider powering secure and sustainable business connec ons through digital and physical channels. Quadient supports businesses of all sizes in their digital transforma on and growth journey, unlocking opera onal efficiency and crea ng meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME inves ng. For more informa on about Quadient, visit h ps://invest.quadient.com/en/
Contacts
Catherine Hubert-Dorel, Quadient +33 (0)1 45 36 30 56 c.hubert-dorel@quadient.com financial-communica on@quadient.com | OPRG Financial Isabelle Laurent / Fabrice Baron +33 (0)6 42 37 54 17 /+33 (0)6 14 08 29 81 isabelle.laurent@omnicomprgroup.com fabrice.baron@ omnicomprgroup.com |
Caroline Baude, Quadient |
+33 (0)1 45 36 31 82
c.baude@quadient.com