ALTAREA: Share buyback program authorized by the general meeting of June 5, 2024

On June 7, 2024, Altarea revealed the details of a new share buyback program, authorized by its combined general meeting on June 5, 2024. In accordance with articles 241-2 et seq. of the General Regulations of the Financial Markets Authority (AMF), this program aims to specify the objectives and terms of share repurchase.

Altarea has set several objectives for this program. The shares repurchased may be used to stimulate the market or ensure the liquidity of transactions, be allocated to employees and corporate officers, or used in merger or external growth operations. The company could also cancel these actions to increase the return on equity.

The maximum unit purchase price is set at 300 euros, and Altarea will be able to repurchase up to 10% of its capital. The total amount devoted to the program could reach 150 million euros. This program will last 18 months starting June 5, 2024.