on ECOSLOPS S.A. (EPA:ALESA)
Ecoslops: Description of the Share Buyback Program
The company ECOSLOPS SA has unveiled the description of its new share buyback program, in compliance with European and AMF regulations. This program will be submitted to the vote of the general meeting of June 11, 2024.
The program concerns ordinary shares and provides for the maximum repurchase of 10% of the capital, or 518,462 shares. The maximum purchase price is set at 36 euros per share, for a total amount of 18,664,632 euros. Redemptions may be made by any means, including derivative instruments.
The objectives include the animation of the secondary market, the conservation of shares for future operations, the coverage of purchase option plans, and the possible cancellation of shares. The duration of the program is 18 months starting June 11, 2024.
R. E.
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